Before Normal Retirement Age Sample Clauses

Before Normal Retirement Age. (1) Monthly benefit payments to a Participant drawing benefits under this Article V shall be suspended and permanently withheld from the Participant for any month in which the Participant is employed in “Disqualifying Employment” [as defined in subparagraph (2) or (3) below] before attaining Normal Retirement Age. (2) Before attaining age sixty (60), “Disqualifying Employment” for purposes of this paragraph (a) shall mean employment as an employee, self-employed individual, partner or employer representative in the Construction Industry. Employment in the Construction Industry shall be deemed to include, but shall not be limited to employment: (A) as an ironworker; (B) as any other construction worker; (C) as a non-construction worker in the building and/or construction industry, whether residential, commercial or industrial; or (D) in other industries where employees are covered by the Plan. (3) After attaining age sixty (60), “Disqualifying Employment” for purposes of this paragraph (a) shall mean: (A) during the six-month period following his Retirement, Covered Employment, any employment as an ironworker (of the type described in the Collective Bargaining Agreement for which contributions would be due to the Pension Plan), or any employment with the Employer the Participant was working for at his Retirement or an employer required to be aggregated with that Employer under Code Section 414(b), (c), (m) or (o); and (B) after the six-month period following his Retirement, more than fifty (50) hours of employment in a month in Covered Employment and/or as an ironworker (of the type described in the Collective Bargaining Agreement for which contributions would be due to the Pension Plan), excluding any non-work time compensated under Worker’s Compensation or other temporary disability benefits laws. (4) For purposes of subparagraph (3) above, if during the six-month period following his Retirement, the Participant is employed in Covered Employment, any employment as an ironworker (of the type described in the Collective Bargaining Agreement for which contributions would be due to the Pension Plan), or any employment with the Employer he was working for at his Retirement or an employer required to be aggregated with that Employer under Code Section 414(b), (c), (m) or (o), the determination of whether the Participant has been retired for a six-month period following his Retirement shall be determined from the date of his subsequent Retirement from said emplo...
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Before Normal Retirement Age. (A) A Pensioner’s monthly benefits shall be suspended for any month in which he engages in Totally Disqualifying Employment, which means employment or self- employment that is: (1) employment in an industry covered by the Plan when the Pensioner’s benefit began, (2) in the geographic area covered by the Plan when the Pensioner’s benefit began, and (3) in any occupation covered by the Plan at the time the Pensioner’s benefit began.

Related to Before Normal Retirement Age

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Early Retirement Age The age set by the Employer in the Adoption Agreement, not less than age fifty-five (55), at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan.

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

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