Transition Group Participant definition

Transition Group Participant means a Participant who meets either the conditions of subparagraph (i) below or the conditions of subparagraph (ii) below:
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Examples of Transition Group Participant in a sentence

  • The monthly amount of the disability benefit provided under this Subsection 9.2.3 to the Transition Group Participant shall be equal to the monthly amount of the retirement benefit that he accrues under the Plan to the date he ceases to be an Employee (determined as if such retirement benefit were paid in the form of a Single Life Annuity that commences as of the Participant’s 65th birthday).

  • As a result of the provisions of this Subsection 9.2.6, no Transition Group Participant shall accrue any benefit under this Section 9.2 for any period after May 1, 2015.

  • If the Transition Group Participant ceases to be an Employee on or after October 1, 1999, then his Prior Pension Plan Amount shall be determined under the foregoing provisions of this paragraph (b) except that the dollar amount that otherwise would apply to each Pension Band number under the terms of Table 3 to the Prior Pension Plan shall be determined under Table 7 to this Plan (instead of under such Table 3 to the Prior Pension Plan).

  • In the event of the death of a married Transition Group Participant, the value of the death benefit payable to his surviving spouse under Section 6.2 shall not be less than the value of the survivor annuity which the spouse would have been entitled to receive under Section 5.2 if the Participant's retirement benefit had commenced immediately prior to the date of his death.

  • The average portable storage unit utilization rate during the six months ended June 30, 2018 was 69.4%, as compared to 72.1% during the same period in 2017.

  • A new Subsection 9.2.6 of the Plan reading as follows is added to the end of Section 9.2 of the Plan.9.2.6 Notwithstanding any of the foregoing subsections of this Subsection 9.2 or any other provision of this Plan, a Transition Group Participant’s Prior Pension Plan Amount shall be determined as if the Transition Group Participant permanently ceases to be an Employee no later than May 1, 2015 (even if he or she actually continues to be an Employee after such date).

  • The monthly amount of the disability benefit provided under this Subsection 9.2.4 to the Transition Group Participant shall be equal to the monthly amount of the retirement benefit that he accrues under the Plan to the date he ceases to be an Employee (determined as if such retirement benefit were paid in the form of a Single Life Annuity that commences as of the Participant’s 65th birthday).

  • The Transition Group Participant’s Prior Pension Plan Amount shall in no event be deemed to be less than if it had been determined under the foregoing provisions of this paragraph (a) except that the Transition Group Participant is treated as permanently ceasing to be an Employee on (and as if he received no compensation and completed no service after) January 31, 1992.

  • For purposes of the Plan, "Transition Group Participant" means a CBI Plan Participant (a) who, on December 31, 1993, was a Covered Employee under CBMPP and had been credited with at least five full years of vesting service and (b) whose Term of Employment on December 31, 1993 was at least twenty full years or whose attained age and Term of Employment on December 31, 1993 (in actual years, months and days) totaled at least 65 full years.

  • The term Transition Group Participant" also shall include any other CBI Plan Participant (a) who was a Covered Employee on January 1, 1999; (b) who was a participant in CBPP on December 31, 1993; and (c) who would have met the definition of "Transition Group Employee" under the preceding sentence if he had been in a class of employees eligible to participate in CBMPP on December 31, 1993.

Related to Transition Group Participant

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Participating Employer means any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company identified in the Adoption Agreement.

  • Large employer means, in connection with a group health plan or health insurance coverage with

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Key Employee means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined in the Purchase Agreement).

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Related Employer means the Employer and (a) any corporation that is a member of a controlled group of corporations as defined in Code Section 414(b) that includes the Employer and (b) any trade or business that is under common control as defined in Code Section 414(c) that includes the Employer.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Service employee, as used in this clause, means any person (other than a person employed in a bona fide executive, administrative, or professional capacity as defined in 29 CFR 541) engaged in performing a District contract not exempted under 41 U.S.C. §356, the principal purpose of which is to furnish services in the United States, as defined in section 22.1001 of the Federal Acquisition Regulation. It includes all such persons regardless of the actual or alleged contractual relationship between them and a contractor.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • relevant employer means any company incorporated or registered under the Companies Act (Cap. 50) or any person registered under the Business Names Registration Act 2014;

  • Current Participant means a Class Member who has an Active Account in one or both the Plans as of August 5, 2020.

  • Eligible employer means any municipality with a municipal

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Post-Employment Period shall have the meaning set forth in Article 8.

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • SpinCo Employee means any individual who, immediately following the Distribution Date, will be employed by Spinco or any member of the Spinco Group in a capacity considered by Spinco to be common law employment, including active employees and employees on vacation and approved leaves of absence (including maternity, paternity, family, sick, short-term or long-term disability leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves).

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.