Limited Eligible Member definition

Limited Eligible Member means a member of the System who was vested or eligible to vest on July 1, 1998, but who was not active and participating nor retired, and whose compensation for services exceeded Twenty-five Thousand Dollars ($25,000) per annum prior to July 1, 1994, and who, prior to July 1, 1998, had voluntarily elected to pay retirement contributions on the maximum compensation level pursuant to statutes in effect at that time, provided such retirement contributions remain on deposit with the System.
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Limited Eligible Member means a member of the System who was vested or eligible to vest on July 1, 1998, but who was not active and participating nor retired, and whose
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Examples of Limited Eligible Member in a sentence

  • The objection shall set forth the basis for the objection, including the specific error and the amount the Limited Eligible Member believes is correct.

  • If the Limited Eligible Member is aggrieved by the decision, the exclusive remedy is through the administrative hearing procedures as provided in 590:1-1-6.

  • This essentially means that the similarity between any pair of classes is a function of the ordinal distance between them.

  • Subsequent payment of limited benefitsWithin ninety (90) days after the effective date of this rule, the Board will implement the following procedures for the payment of the Limited Benefit:(1) The Board shall cause to be sent a letter of eligibility to each Limited Eligible Member who had not previously been provided a letter of eligibility.

  • The Board shall cause to be sent a letter of eligibility to each Limited Eligible Member who has Excess Contributions and who is already receiving a Regular Retirement Benefit from the System as of December 31, 2000.

  • Omitted limited eligible membersA Limited Eligible Member who has Excess Contributions in the Plan but was not identified by the System or was not sent a letter of eligibility for the initial or subsequent Limited Benefit payments is responsible to notify the System of his or her eligibility and to request the payment of the Limited Benefit.

  • The Limited Benefit payment shall be paid to such joint annuitant or beneficiary in the same manner as if the Limited Eligible Member were not deceased, only so long as he or she continues to receive monthly retirement benefits.

  • It shall be payable monthly so long as Limited Eligible Member is receiving a Regular Retirement Benefit until the Limited Eligible Member has received the Maximum Limited Benefit amount.

  • Deceased limited eligible membersIn the event of the death of a Limited Eligible Member prior to payment of the Maximum Limited Benefit amount, the remaining Limited Benefit shall be payable only if monthly retirement benefits continue to be paid to a joint annuitant under Options A or B or a beneficiary under Option C.

  • For any omitted Limited Eligible Member who requests Limited Benefit payments, the Board shall determine eligibility and implement the notice procedures as provided in Sections 3 and 4 of this Subchapter and Chapter of these Rules for such omitted Limited Eligible Members.

Related to Limited Eligible Member

  • Eligible Member means an employee who is enrolled in one of the designated benefits plans for which you offer participation in the wellness incentive program prior to the end of the first six months of the policy year and who remains enrolled in one of the designated benefits plans at the end of the policy year. Eligible Member also means the employee’s dependents to the extent that dependents are eligible to participate in the Blue Cross and Blue Shield wellness incentive program.) To qualify for a group wellness incentive award, you must meet the following program participation conditions: • You are a group eligible to offer the program as determined by Blue Cross and Blue Shield; and • You elect to offer the Blue Cross and Blue Shield wellness incentive program to your Members who are eligible to participate in the program at the start of your policy year and you continue the program for eligible Members through the end of the policy year; and • At least 20% of your Members who are eligible for the program must participate in the program during the policy year in which you offer the wellness incentive program; and • This Agreement is not be terminated before the end of the policy year in which you offer the wellness incentive program. When you offer a Blue Cross and Blue Shield wellness incentive program, Blue Cross and Blue Shield will determine if you qualify for a group incentive award within 90 days after the end of the policy year. Your group wellness incentive award will be calculated as a percentage of the total medical insurance premium you paid for the policy year for benefits plans for which you offer wellness incentive program participation, excluding any premium payments that are received by Blue Cross and Blue Shield after the end of the policy year. The percentage used to calculate your wellness incentive award will vary depending on how many of your eligible Members participate in the program during the policy year as follows: 1.25% when 20% to 49% of eligible Members participate; or 2.5% when 50% to 79% of eligible Members participate; or 7.5% when 80% to 100% of eligible Members participate. For the purpose of calculating your group wellness incentive award, an eligible Member who earns his or her individual maximum member wellness incentive payment in the policy year is considered to have participated in the program for that policy year. If you qualify for a group incentive award, Blue Cross and Blue Shield will issue the incentive amount to you (by means of a credit and/or a check) once the incentive amount has been calculated. You are solely responsible for determining whether you have any obligation to distribute all or part of your group wellness incentive award to your employees, or to credit a portion of your group wellness incentive award toward their benefits, or otherwise to notify them of your group wellness incentive award. You agree to indemnify and hold Blue Cross and Blue Shield harmless from any and all actions that may be brought against you or Blue Cross and Blue Shield due to your failure to provide any required distribution of, credit, or notification about, your group wellness incentive award to your employees.

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Single member limited liability company means a limited liability company that has one direct member.

  • Plan Member means each Member any of the assets of which are subject to any Plan Governing Law.

  • Former Member means a member that has withdrawn from a qualified authority under this section or a prior member of a qualified authority that has been dissolved under this section.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Teaching staff member means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • county executive committee member means the county executive committee member responsible for matters relating to land;

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Preferred Member means a Member holding Preferred Units.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Active member means a member of the pension program or the individual account program

  • Inactive member means a member of the pension program or the individual account pro-

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Defaulting Limited Partner has the meaning provided in Section 5.2(c) hereof.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.