Commencement of Benefit Sample Clauses

Commencement of Benefit. Notwithstanding any other provision, unless the Participant elects otherwise, distribution of benefits will begin no later than the 60th day after the latest of the close of the Plan Year in which: a. the Participant attains Normal Retirement Age; b. occurs the 10th anniversary of the year m which the Participant commenced participation in the Plan; or c. the Participant incurs a Termination of Employment. Notwithstanding the foregoing, the failure of a Participant and spouse to consent to a distribution while a benefit is immediately distributable, within the meaning of Section 6.02(B) of the Plan, shall be deemed to be an election to defer commencement of payment of any benefit sufficient to satisfy this Section.

Commencement of Benefit. On the first of the month following sixty (60) calendar days of employment.

Commencement of Benefit. Provided the Company is timely notified, a participant's benefit will begin the first day of the month following his or her termination date. In general, benefits will be paid monthly.

Commencement of Benefit. This benefit will commence on the first of the month following sixty (60) days of employment. Should a Staff member not enroll within the first sixty (60) days of employment, said Staff member must complete a health history questionnaire that will be forwarded to the insurance company. The insurance company may deny entrance into the plan.

Commencement of Benefit. Staff members shall begin accruing PTO on their date of hire, or date of eligibility and may begin using it on the sixty-first (61st) day of eligibility.

Commencement of Benefit. If the Participant Terminates prior to age 65, the Participant elects that benefits shall commence: o Promptly following Termination (but not earlier than age 55) (default) o Age _____ (but not earlier than age 55 or later than age 65)

Commencement of Benefit. The QPSP provided under this Section shall commence as follows: (i) Unless the surviving Spouse elects payment at a later date, the QPSP, with respect to a Participant who dies on or before the date he attains age 55, shall be paid to the Participant's surviving Spouse beginning on the first day of the month coinciding with or immediately following the date the Participant would have attained age 55, if he had survived. (ii) The QPSP payable with respect to a Participant who dies after he attained age 55 shall begin as of the first day of the month following the month the Participant died. The surviving Spouse may elect to delay the commencement of payments to a date not later than the date the Participant would have attained age 70-1/2.

Commencement of Benefit. Payment of the Supplemental Retirement Benefit shall commence on the same date as payment of the Normal Retirement Benefit under the Qualified Plan. Any election under the Qualified Plan made by Xx. Xxxxxxx with respect to the commencement of payment of the Normal Retirement Benefit will also be applicable with respect to the commencement of payment of his Supplemental Normal Retirement Benefit.

Commencement of Benefit. Payment of the Supplemental Benefit to a Participant shall commence on the same date as payment of the Qualified Plan Benefit to the Participant commences. Any election under the Qualified Plan made by the Participant with respect to the commencement of payment of his Qualified Plan Benefit shall also be applicable with respect to the commencement of payment of his Supplemental Retirement Benefit.

Commencement of Benefit. The supplemental retirement benefit will start as of the same day as the benefit paid to you under the PEP.