Window Retirement Benefit definition

Window Retirement Benefit means, with respect to a Window Participant, subject to the limitations of Section 5.3, a monthly amount payable commencing as of the first day of the month coincident with or next following his Window Retirement Date, which amount when expressed as a Single Life Annuity, is determined under Section 4.1.
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Examples of Window Retirement Benefit in a sentence

  • However, if the Employer informs a Window Participant in writing during the Window Period that postponement of the Window Participant's last day of employment with the Employer until a specified date, which may not be later than February 1, 2007, is necessary to prevent any disruption in the Employer's normal business operations, the Window Participant must continue in employment with the Employer until the later date specified by the Employer to receive a Window Retirement Benefit under this Appendix “A”.

  • In addition to the pension benefits, if any, payable under Article V of the Plan to a Window Participant who has met all of the requirements of the Plan to receive Normal Pension benefits under the Plan, a Window Participant shall be entitled to his Window Retirement Benefit.

  • If the Participant is under sixty-two (62) on his Window Retirement Date and the Participant is not at least age sixty (60) with at least thirty (30) Creditable Years as a member of the OTRS on such date, the Participant’s Window Retirement Benefit shall be calculated under paragraph 4.1(a) and then actuarially reduced to reflect the early commencement if the Participant’s benefit begins prior to age sixty-two (62).

  • Window Retirement Benefit Program" shall mean the special Plan payment provisions related to the Window Retirement Benefits contained in this Appendix C-8 to Part C of the Plan.THIS APPENDIX C-8 to Part C of the Plan is effective as of May 8, 2015.

  • Pension Commencement DatePercentage Increase In Current BenefitC-6.9 Voluntary Lump Sum Window - In addition to the benefits provided under this Article C-6 of Part C to the Plan, a Participant who is a Window Retiree, as defined in Appendix C-8 to this Part C, shall be entitled to the Window Retirement Benefit described in Appendix C-8 to this Part C.

  • Upon payment of a Window Retiree's Window Retirement Benefit in a lump sum pursuant to subparagraph 1.1(b), no further benefits shall be payable from the Plan.

  • Notwithstanding the foregoing, effective as of May 8, 2015, for purposes of the Bowman Products attachment (Appendix B) to the Prior Hourly Plan, in addition to the retirement income distributions provided thereunder, a Participant who is a Window Retiree, as defined in Part E, Appendix E-3, shall be entitled to the Window Retirement Benefit described in such Appendix E-3.

Related to Window Retirement Benefit

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Termination Benefit means the benefit set forth in Article 7.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Retirement Age means the earlier to occur of:

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Normal Retirement Age means the Executive's 65th birthday.

  • Disability retirement for plan 1 members, means the period

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Disability Benefit means the benefit set forth in Article 8.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Severance from Service Date means the earlier of: