Employee Contributions Benefit definition

Employee Contributions Benefit means the sum of the following amounts (net of any previous distributions):
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Examples of Employee Contributions Benefit in a sentence

  • The Accumulated Employee Contributions Benefit shall be fully Vested at all times.

  • Withdrawals from the Accumulated Employee Contributions Benefit are not permitted prior to termination of employment.

  • The Employee Mandatory Contributions shall be credited to the Participant's Accumulated Employee Contributions Benefit.

  • The Participant’s contributions referred to in subsection A.(1) of this Section 2.28.200 shall be separately accounted for, but shall be made a part of the Participant’s Employee Contributions Benefit, which shall be part of the Accrued Benefit of the respective Participant.

  • Notwithstanding any provision to the contrary herein or any provision of the retirement plan sponsored by such other Maryland Employer, the Plan shall not be required to transfer to such other Maryland Employer any Accrued Benefits with respect to the Participant, other than the Participant’s Employee Contributions Benefit plus his or her Transferred Benefit.

  • The single life annuity with refund option is a monthly income payable during the Participant’s lifetime, and, as soon as administratively feasible following the Participant’s death, the Participant’s Beneficiary will receive a lump sum payment of an amount which is the unpaid balance of the Participant’s Employee Contributions Benefit plus his or her Transferred Benefit.

  • This study proposes a performance-evaluation framework for software engineers functioning in an agile- development environment using the Scrum development method.

  • A Participant's Accrued Benefit derived from Employee Contributions shall be equal to the Accumulated Employee Contributions Benefit and Employee Mandatory Contribution Benefit.

  • Notwithstanding the preceding, if a Participant who elects to receive payment in the normal form of benefit payment dies before receiving in payments the value of his or her Employee Contributions Benefit, determined at the time of his or her Annuity Starting Date, the balance of the value of his or her Employee Contributions Benefit shall be paid to his or her Beneficiary.

  • A Participant who has reached a Termination Date without being credited with at least five Years of Service automatically will have a Cash-Out of his or her Employee Contributions Benefit which will be paid as soon as administratively feasible following the Termination Date.

Related to Employee Contributions Benefit

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • 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.