Former Participant definition

Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

Former Participant means a Participant whose employment has Terminated or a Participant who is no longer an Eligible Employee, but whose Account has a balance greater than zero.

Former Participant means any previous Participant whose participation has terminated but who has a vested interest in the Plan which has not been distributed in full.

Examples of Former Participant in a sentence

• Upon completing the calculation of each Class Member’s Entitlement Amount and no later than forty (40) calendar days following the Effective Date, the Settlement Administrator shall issue a check from the Settlement Fund to each Non-Rollover-Electing Former Participant, in the amount of each Former Participant’s Entitlement Amount (less any withholdings).

• A Former Participant is a Class Member who does not have a Plan account with a balance greater than $0.00 as of the date of [the Preliminary Approval Order].

• You should also keep a copy of all pages of your Former Participant Rollover Form, including the first page with the address label, for your records.

• Each Former Participant (or the Beneficiaries or Alternate Payees of Former Participants) will have the opportunity to elect a tax-qualified rollover of his or her Entitlement Amount to an individual retirement account or other eligible employment plan, which he or she has identified on the Former Participant Rollover Form, provided that the Former Participant supplies adequate information to the Settlement Administrator to effect the rollover.

More Definitions of Former Participant

Former Participant means a person who had been an active Participant in Part I or Part II of the Plan (as applicable), but who has ceased to accrue further Credited Service for any reason.

Former Participant means a person on whose behalf an Account is maintained, who was an Eligible Employee but who is not entitled to accrue a benefit under this Plan because he or she has ceased to be eligible to participate in the Plan for any reason.

Former Participant means a member of the Settlement Class who does not have an Active Account as of the date the Preliminary Approval Order is entered by the Court.

Former Participant means a person who has been an active Participant, but who has ceased to actively participate in the Plan for any reason.

Former Participant means a Class Member who participated in the Plans during the Class Period but did not have an Active Account as of August 5, 2020.

Former Participant means an employee who has not completed five (5) or more years of Credited Service at the time his employment with the Corporation or an Affiliate terminates or at the time he was removed, upon written notice by the Chief Executive Officer of the Corporation and with the approval of the Committee, from further participation in the Plan.

Former Participant means a person who has ceased to be a Participant but who is entitled to immediate or deferred benefits under this Plan.