Commencement of Benefit Payments. Benefits under the Weekly Indemnity Benefit Plan shall commence on the first day of absence due to non- compensable accident and on the earlier of the fourth day of absence or the loss of twenty-four regularly scheduled hours, due to illness. The employee must consult a licensed doctor of medicine during the first three (3) days of absence. Otherwise, the first day of absence will be established as being two (2) days prior to the date that the doctor was consulted. However, if the employee is hospitalized during the first fourteen (14) days of a continuous period of absence, benefits will commence from the first day of absence provided the employee was continuously disabled from the same or related disability from the first day of absence to the date of hospitalization, the first day of absence being established as indicated in the preceding sentence.
Commencement of Benefit Payments. If a Participant dies or becomes Disabled prior to receiving his or her entire Deferred Compensation Benefit, then the remainder of such Deferred Compensation Benefits payable to the Participant shall be paid to the Participant, the Participant’s beneficiary, or the Participant’s guardian (as the case may be) in a single lump sum amount thirty (30) days following the date on which the Administrator is notified of the Participant’s death or Disability and the Administrator confirms said death or Disability, as applicable.
Commencement of Benefit Payments. A Member’s benefit payments shall be deemed to commence on his or her Normal Retirement Date, Disability Retirement Date, or Deferred Retirement Date. The first and last monthly benefit payment shall be adjusted, as applicable, if the Member was not eligible to receive a full month of benefits for such month. The amount of such adjusted benefit shall be determined by multiplying the Member’s monthly benefit amount by a fraction. For a Member’s first monthly benefit payment, the numerator of this fraction shall be the number of days occurring between the Member’s Normal Retirement Date, Disability Retirement Date or Deferred Retirement Date and the last day of the month, and the denominator shall be the number of days in the month. For a Member’s final monthly benefit payment, the numerator of this fraction shall be the number of days occurring between the first day of the month and the day on which the Member’s death occurs, and the denominator shall be the number of days in the month. Payments shall generally be made on the twenty-sixth (26th) day of the month, although the City shall have discretion to make all payments on an earlier date for purposes of administrative convenience.
Commencement of Benefit Payments. Notwithstanding any other provision of this Plan to the contrary, no benefits shall be paid under this Article V until 30 days after an appropriate application therefor has been made.
Commencement of Benefit Payments. Except as provided in Subsection 5.1(d) and Section 6.1 below, the payment of a Participant’s Deferred Compensation Benefit shall commence thirty (30) days after the date on which the earliest of the following events occurs:
(a) The expiration of the deferral period provided under the Participant’s Agreement;
(b) The Participant incurs an Unforeseeable Emergency (as determined by the Administrator in accordance with the Plan’s terms) and elects receipt of all or a portion of his or her Account to satisfy such Unforeseeable Emergency; provided, however, that any payment made as a result of an Unforeseeable Emergency shall be limited to the amount reasonably necessary to satisfy such Unforeseeable Emergency;
(c) The Company undergoes a Change in Control; or
(d) The Participant experiences a Separation from Service with the Company for any reason, regardless of the deferral period otherwise elected by the Participant; provided, however, in the event that the Participant is determined to be a Specified Employee, then his or her distribution under this Section 5.1 resulting from the Participant’s Separation from Service shall not commence until at least six (6) months following such Employee’s Separation from Service.
Commencement of Benefit Payments. (a) Notwithstanding any other provision of this Article or Article VI, in determining any retirement benefits payable out of the Pension Fund to any employee retired on or after January 1, 1962, no benefit shall be payable for any month for which the retired employee is receiving weekly accident or sickness benefits under any plan to which the Company shall have contributed; for any month for which the retired employee is receiving such accident or sick- ness benefits for part of the month, a proportionate amount of any monthly retirement benefits other- wise payable shall be paid for that part of the month for which the retired employee receives no such accident or sickness benefits. This Section shall have no application with respect to Extended Disability Benefits payable under the group insurance program to which the Company contributes.
(b) If the present value of an employee’s vested accrued benefit derived from employer contributions ex- ceeds (or at the time of any prior distribution exceeded) $3,500, and the accrued benefit is imme- diately distributable, the employee and the employ- ee’s spouse (or where either the employee or the spouse has died, the survivor) must consent to any distribution of such accrued benefit. The consent of the employee and the employee’s spouse shall be obtained in writing within the 180-day period ending on the annuity starting date. The annuity starting date is the first day of the first period for which an amount is paid as an annuity or any other form. The Plan Administrator shall notify the employee and the employee’s spouse of the right to defer any distribu- tion until the employee’s accrued benefit is no longer immediately distributable. Such notification shall include a general description of the material fea- tures, and an explanation of the relative values of, the optional forms of benefit available under the Plan in a manner that would satisfy the notice require- ments of section 417(a)(3) of the Internal Revenue
Commencement of Benefit Payments. Except as provided in Section 6.1 below, the payment of a Participant’s Deferred Compensation Benefit shall commence thirty (30) days after the date on which the earliest of the following events occurs:
(a) The expiration of the deferral period provided under the Participant’s Agreement;
(b) The Participant incurs an Unforeseeable Emergency (as determined by the Administrator in accordance with the Plan’s terms) and elects receipt of all or a portion of his or her Account to satisfy such Unforeseeable Emergency; provided, however, that any payment made as a result of an Unforeseeable Emergency shall be limited to the amount reasonably necessary to satisfy such Unforeseeable Emergency; or
(c) The Participant experiences a Separation from Service with the Company for any reason, regardless of the deferral period otherwise elected by the Participant.
Commencement of Benefit Payments. Benefits under the Weekly Indemnity Benefit Plan shall commence on the first day of absence due to non- compensable accident and on the earlier of the fourth day of absence or the loss of twenty-four regularly scheduled hours, due to illness. The employee must consult a licensed doctor of medicine during the first three (3) days of absence. Otherwise, the first day of absence will be established as being two (2) days prior to the date that the doctor was consulted. However, if the employee is hospitalized during the first fourteen
Commencement of Benefit Payments. (a) Upon the Participant's Death
(i) Generally - Death Benefits - Benefit payments pursuant to Article IX hereof shall commence as soon as practicable after the Participant's death but may be deferred upon the request of a beneficiary.
Commencement of Benefit Payments. Except as provided in Section 6.1 below, the payment of a Participant’s Deferred Compensation Benefit shall commence thirty (30) days after the date on which the earlier of the following events occurs:
(a) The expiration of the deferral period provided under the Participant’s Agreement.
(b) The Participant incurs an Unforeseeable Emergency (as determined by the Administrator in accordance with the Plan’s terms).
(c) The Participant experiences a Separation from Service with the Company for any reason.
