Examples of Social Security Benefits in a sentence
A Participant who is entitled to an Early Retirement Benefit under Section 3.2 and who elects to have such benefit commence prior to age 62 may elect the Level Income Option, unless the Primary Social Security Benefits which the Participant could elect to receive at age 62 would equal or exceed the amount of the monthly annuity payments prior to age 62 or unless the Participant is receiving Social Security disability benefits.
Except as would not reasonably be expected to have a Company Material Adverse Effect, each Group Company is in compliance with all applicable Laws relating to employment and employment practices, including those related to wages, work hours, shifts, overtime, Social Security Benefits, holidays and leave, collective bargaining terms and conditions of employment and the payment and withholding of taxes and other sums as required by the appropriate Governmental Authority.
Then, upon the later of the Disabled Member attaining age sixty-five (65) or when Long-Term Disability Benefits paid to the Disabled Member cease (or would have ceased, as the case may be), one hundred percent (100%) of the primary Social Security Benefits payable to the Member under the Social Security law in effect at the time benefits cease (or would have ceased, as the case may be).
Notwithstanding the other provisions of this subsection (b), if a Participant commences benefits under this Plan before he or she is first eligible to receive Social Security Benefits, the Supplemental Retirement Benefit shall not be reduced by the Estimated Primary Social Security Benefit until the Participant first becomes eligible to receive Social Security Benefits.
Normal Retirement Benefits shall be determined assuming the Participant is eligible to receive Social Security Benefits.