Common use of Alternative Minimum Service Clause in Contracts

Alternative Minimum Service. A Participant is eligible for an alternative normal retirement benefit if the Participant has at least _ years (insert number) of Total Credited Service, regardless of the Participant's age. In-Service Distribution to Eligible Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets the minimum service requirement specified immediately above and satisfies the minimum age parameters for In-Service Distribution described in Section 6.06(a)(3) of the Basic Plan Document, subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must specify - specific positions are permissible; specific individuals may not be named): . A Participant (check one): is required is not required to be in the service of the Employer at the time the Participant satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .

Appears in 4 contracts

Samples: Defined Benefit Retirement Plan, Defined Benefit Retirement Plan Adoption Agreement, Defined Benefit Retirement Plan

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Alternative Minimum Service. A Participant is eligible for an alternative normal retirement benefit if the Participant has at least _ years (insert number) of Total Credited Service, regardless of the Participant's age. In-Service Distribution to Eligible Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets the minimum service requirement specified immediately above and satisfies the minimum age parameters for In-Service Distribution described in Section 6.06(a)(3) of the Basic Plan Document, subject to applicable Plan provisions concerning recalculation and offset applied at re-re- retirement to account for the value of benefits received prior to re-re- retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must specify - specific positions are permissible; specific individuals may not be named): . A Participant (check one): is required is not required to be in the service of the Employer at the time the Participant satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1.401-1(b)(1)(i)): .):

Appears in 2 contracts

Samples: Defined Benefit Retirement Plan Adoption Agreement, Defined Benefit Retirement Plan Adoption Agreement

Alternative Minimum Service. A Participant is eligible for an alternative normal retirement benefit if the Participant he has at least _ years (insert number) of Total Credited Service, regardless of the Participant's age. In-Service Distribution to Eligible Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets the minimum service requirement specified immediately above and satisfies the minimum is at least age parameters for In62 (unless a lower safe-Service Distribution described in Section 6.06(a)(3) of the Basic Plan Documentharbor age is permitted under applicable federal law), subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must specify - specific positions are permissible; specific individuals may not be named): . A Participant (check one): is required is not required to be in the service of the Employer at the time the Participant he satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .

Appears in 2 contracts

Samples: Defined Benefit Retirement Plan, Defined Benefit Retirement Plan

Alternative Minimum Service. A Participant is eligible for an alternative normal retirement benefit if the Participant has at least _ years (insert years(insert number) of Total Credited Service, regardless of the Participant's age. In-Service Distribution to Eligible Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets the minimum service requirement specified immediately above and satisfies the minimum age parameters for In-Service Distribution described in Section 6.06(a)(3) of the Basic Plan Document, subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check to(check one): all Participants only the following class(es) of Participants (must Participants(must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must Participants(must specify - specific positions are permissible; specific individuals may not be named): . A Participant (check Participant(check one): is required is not required to be in the service of the Employer at the time the Participant satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must requirement(must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .

Appears in 1 contract

Samples: Defined Benefit Retirement Plan

Alternative Minimum Service. A Participant is eligible for an alternative normal retirement benefit if the Participant he has at least _ years (insert number) of Total Credited Service, regardless of the Participant's age. In-Service Distribution to Eligible Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets the minimum service requirement specified immediately above and satisfies the minimum is at least age parameters for In62 (unless a lower safe-Service Distribution described in Section 6.06(a)(3) of the Basic Plan Documentharbor age is permitted under applicable federal law), subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must specify - specific positions are permissible; specific individuals may not be named): . A Participant (check one): is required is not required to be in the service of the Employer at the time the Participant he satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .the

Appears in 1 contract

Samples: Defined Benefit Retirement Plan

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Alternative Minimum Service. A Participant is eligible for an alternative normal retirement benefit if the Participant he has at least _ years (insert number) of Total Credited Service, regardless of the Participant's age. In-Service Distribution to Eligible Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets the minimum service requirement specified immediately above and satisfies the minimum is at least age parameters for In62 (unless a lower safe-Service Distribution described in Section 6.06(a)(3) of the Basic Plan Documentharbor age is permitted under applicable federal law), subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must specify - specific positions are permissible; specific individuals may not be named): . A Participant (check one): is required is not required to be in the service of the Employer at the time the Participant he satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1.401-1(b)(1)(i)): .):

Appears in 1 contract

Samples: Defined Benefit Retirement Plan

Alternative Minimum Service. A Participant is eligible for an alternative normal retirement benefit if the Participant he has at least _ years (insert number) of Total Credited Service, regardless of the Participant's age. In-Service Distribution to Eligible Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets the minimum service requirement specified immediately above and satisfies the minimum is at least age parameters for In62 (unless a lower safe-Service Distribution described in Section 6.06(a)(3) of the Basic Plan Documentharbor age is permitted under applicable federal law), subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must specify - specific positions are permissible; specific individuals may not be named): . A Participant (check one): is required is not required to be in the service of the Employer at the time the Participant he satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1.401-1(b)(1)(i)): .):

Appears in 1 contract

Samples: Defined Benefit Retirement Plan

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