Preretirement Survivor Annuity. A survivor annuity for the life of the surviving spouse of the Participant, the actuarial equivalent of which is equal to the portion of the Account balance of the Participant as of the date of death to which the Participant had a vested and nonforfeitable right, provided that any security interest held by the Plan by reason of a loan outstanding to the Participant for which a valid spousal consent has been obtained, if necessary, shall be taken into account.

Preretirement Survivor Annuity means an annuity for the surviving spouse of a Member, as described in section 6.5.

Preretirement Survivor Annuity means the benefits determined in accordance with Section 7.7(a).

Examples of Preretirement Survivor Annuity in a sentence

If the Qualified Preretirement Survivor Annuity is waived, the spouse has the right to limit consent only to a specific Beneficiary.
The Participant may waive the spousal death benefit described in this paragraph (b) at any time, provided that no such waiver shall be effective unless it satisfies the conditions applicable under Section 10.4(c) to a Participant's waiver of a Qualified Preretirement Survivor Annuity.
Qualified Preretirement Survivor Annuity coverage will be automatically reinstated as of the first day of the Plan Year in which the Participant attains age 35.
Before a death benefit will be paid on account of the death of a Participant who does not have a spouse who is entitled to a Qualified Preretirement Survivor Annuity, it must be established to the satisfaction of a plan representative that the Participant does not have such a spouse.
Unless an optional form of benefit has been selected within the Election Period pursuant to a Qualified Election, the Vested Account Balance of a Participant who dies before the Annuity Starting Date shall be applied toward the purchase of an annuity for the life of his surviving spouse (a "Qualified Preretirement Survivor Annuity").

More Definitions of Preretirement Survivor Annuity

Preretirement Survivor Annuity means the benefit described in Section 5.6.

Preretirement Survivor Annuity means an annuity for the life of a Participant's surviving spouse, that is equal to the maximum amount of annuity benefit that can be purchased with the Participant's Account as of the Annuity Starting Date. APPENDIX C TO THE LODGIAN, INC. 401(K) PLAN AND TRUST AGREEMENT An Employee will be credited with service under the Plan for his or her service with the following employers on the same basis as is used to determine service with an Affiliate under the Plan: - Servico Corporation; - Impac Hotel Group; - AMI Operating Partners, L.P.; - Any other employers for whom service was credited under the qualified retirement plan(s) of Servico Corporation, Impac Hotel Group, or AMI Operating Partners, L.P.; and - Any other employer required to be aggregated with any of the above three entities under Code ss. ss. 414(b), (c), (m) or (o).

Preretirement Survivor Annuity means an annuity for the life of the surviving spouse of a deceased Participant that has an actuarial present value that is equal to 100% of the balance in the Participant’s account as of the date of the Participant’s death.

Preretirement Survivor Annuity means the benefit provided to the Spouse of a qualifying Participant under Article 8.

Preretirement Survivor Annuity. A survivor annuity for the life of the surviving spouse (or other Beneficiary) of the Participant purchasable with an amount equal to at least 50% of the vested Accounts of the Participant as of the date of the Participant's death, provided that any security interest held by the Plan by reason of a loan outstanding to the Participant for which a valid spousal consent has been obtained, if necessary, shall be taken into account.

Preretirement Survivor Annuity means an annuity for the life of ------------------------------ a Participant's surviving Spouse, the Actuarial Equivalent of which is equal to the value of the Participant's Account as of the date of the Participant's death, reduced by the amount of any loan outstanding as of the date of the Participant's death.

Preretirement Survivor Annuity means, with respect to the Spouse of a deceased Cash Balance Participant, an amount payable to such Spouse for the life of the Spouse, based upon the Cash Balance Participant's Accrued Benefit at the date of his death. The Preretirement Survivor Annuity shall be a Single Life Annuity that is the Actuarial Equivalent of the Participant's Cash Account Balance at the Participant's death, based on the Spouse's Attained Age as of the Annuity Starting Date. In no event shall the Preretirement Survivor Annuity be less than the amount required by Sections 401(a)(11) and 417 of the Code.