Actual Retirement Date definition

Actual Retirement Date means the date the Participant actually retires and becomes eligible to start receiving benefits under the Plan by reason of such retirement.

Actual Retirement Date means the first day of the month that coincides with or next follows the date of the Participant's Separation of Service.

Actual Retirement Date means the date on which a Member retires from employment, as described in Section 5.05.

Examples of Actual Retirement Date in a sentence

• The Late Retirement Pension benefit shall commence as of the first of the month following or coinciding with the Participant’s Actual Retirement Date and shall continue in equal monthly installments as provided in Article X until termination of benefits under Section 6.05.

• The annual Late Retirement Pension shall be the amount determined in accordance with the Normal Retirement Benefit described in Section 5.02 based on Credited Service and Final Average Earnings at the Participant’s Actual Retirement Date.

• In such event, the payment of benefits to which such Participant has earned entitlement (“Late Retirement Pension”) shall be deferred until his Actual Retirement Date.

• Upon the death of a Participant receiving the Normal Form of pension (“Option 1”), his Designated Beneficiary shall receive, in a lump sum, the excess, if any, of his lump sum benefit, as described in Paragraph (b) of Section 8.01, determined at his Actual Retirement Date over the total payment paid by this Plan to the Participant.

• All Eligible Employees who are in Organization Levels 5 and above at their Actual Retirement Date are eligible for participation in the Plan upon their Actual Retirement Date.

More Definitions of Actual Retirement Date

Actual Retirement Date means the date on which an Employee retires with an Early Retirement Pension, Late Retirement Pension, or Normal Retirement Pension.

Actual Retirement Date means the first day of the month coincident with or next following the date on which a Participant actually Retires.

Actual Retirement Date means the first day of the month coincident with or next following the date on which an Eligible Employee actually Retires.

Actual Retirement Date means the last date, due to retirement on or after an Eligible Employee's Retirement Date, of a Retirement Eligible Employee's employment with the Company ​ Internal Group, subject to compliance with Section 1(d)(ii) above.

Actual Retirement Date means the date that a Participant's employment by Black & Decker terminates on or after the Participant's Early Retirement Date or Normal Retirement Date, as the case may be, whether due to retirement, death, resignation or dismissal or, in the case of a Protected Participant, the Protected Participant's 55th birthday, if later than the date of termination of his or her employment with Black & Decker. If, however, a Participant's active employment with Black & Decker ceases prior to the Participant's Normal Retirement Date due to Disability, the Participant's Actual Retirement Date shall mean the Participant's Normal Retirement Date, unless the Participant elects, with the Committee's approval, to receive benefits under this Plan at a date preceding the Participant's Normal Retirement Date (but not earlier than the Participant's Early Retirement Date), in which case the date benefit payments under this Plan begin will be the Participant's Actual Retirement Date.

Actual Retirement Date means the date the Employee actually retires from employment by the Employer.

Actual Retirement Date is the date of termination of substantially full-time services as an employee of Employer Group.