Terminated Vested Participant definition

Terminated Vested Participant means a Vested Participant who terminates employment prior to his Early Retirement Date.
Terminated Vested Participant means a former Eligible Employee who has incurred a Termination of Employment, who retains a vested interest in accordance with Section 6.1, and who is not currently receiving benefit payments under the Plan.
Terminated Vested Participant means a Participant:

Examples of Terminated Vested Participant in a sentence

  • Terminated Vested Participant - Generally, a former employee who worked long enough to earn vested benefits in a pension plan, but who left the company sponsoring the plan and is not yet receiving a retirement benefit.

  • Plant up a hanging basket with colourful annuals such as petunias and lobelia.

  • FURTHER NOTE: There is no Death Benefit payable in the case of a Terminated Vested Participant who dies prior to retirement.

  • In accordance with such procedures and in such form as the Administrator shall establish, each electing Eligible Active Participant (or electing Eligible Terminated Vested Participant) (with the consent of his or her spouse if the Participant is married) shall make an irrevocable election to receive a single lump sum or immediately commencing annuity, to be payable as soon as practicable following the close of the applicable election period.

  • The value of the pension benefit is fixed at that point in time, as of the last day of the Plan Year in which the individual became a Terminated Vested Participant; the Early and Disability Retirement factor is also fixed.


More Definitions of Terminated Vested Participant

Terminated Vested Participant means a Participant who is entitled to benefits under the provisions of Section 5.3 (Severance from Service After Vesting).
Terminated Vested Participant means a Member who has terminated employment with an Affiliated Employer for reasons other than death or retirement, at any time after he has attained a non-forfeitable interest in his Accrued Benefit in accordance with Section 9.2 or Section 9.3, whichever is applicable.
Terminated Vested Participant means former Employees who are entitled at some future date to the distribution of benefits from this Plan, including, but not limited to, terminated vested participants under the ESOP who had ESOP Accounts as of December 31, 2000, all of which continue to be maintained under this Plan effective January 1, 2001.
Terminated Vested Participant means any former state or local employee who
Terminated Vested Participant means a Participant who is entitled to benefits under the provisions of Section 5.3 (Mid-Career Benefit For Severance From Service After Vesting) or Section 5.4 (Senior Executive Supplement For Severance From Service After Vesting).
Terminated Vested Participant means a Vested Participant who has not yet become a retired, disabled, or deceased Participant, who has not yet suffered a Forfeiture of Service, and who has not accrued at least 1 Year of Service out of the 2 preceding Plan Years.
Terminated Vested Participant means a participant who terminates employment as an Employee as defined in this Plan with the City in either the Police Department or Fire Department with 10 or more Years of Vesting Service but less than 20 Years of Vesting Service and who is under age 55 at the time of such termination of employment.