Applicable Election Period definition
Applicable Election Period means, with respect to an election described in Section 11.3 to waive the Normal Form, a period of time beginning 90 days before the Payment Date and ending with the Payment Date, or if later, at any time prior to the expiration of the 7-day period that begins the day after the explanation of the Qualified Joint and Survivor Annuity is provided to the Participant.
Applicable Election Period means: (i) in the case of an election to waive the qualified joint and survivor annuity form of distribution, the 90day period ending on the date the Participant’s benefits from the Account begin; or (ii) in the case of an election to waive the qualified pre-retirement survivor annuity, the period that begins on the first day of the calendar year in which the Participant attains age 35 and ends on the date of the Participant’s death. If the Participant separates from service before the first day of the calendar year in which he or she attains age 35, the applicable election period for purposes of (ii) shall begin on the date of the Participant’s separation from service.
Applicable Election Period. (i) subject to (2) below means with respect to an election to waive the Qualified Joint and Survivor Annuity form of benefits the 90 day period ending on the annuity starting date and (ii) means with respect to an election to waive the Qualified Preretirement Survivor Annuity form of benefits, the period which begins on the first day of the Plan Year in which the Participant attains age 35 and ends on the date of the Participant's death, except in the case of a Participant who is Separated from Service such election period with respect to benefits accrued before the date of such Separation from Service shall not begin later than such date.
Examples of Applicable Election Period in a sentence
In the event the Participant waives the minimum 30-day requirement for the written explanation, the Applicable Election Period shall not end before the period ending thirty (30) days after the Participant receives the written explanation.
A Participant may, during the Applicable Election Period, (i) elect to waive the Qualified Joint and Survivor Annuity form of benefit, and (ii) elect an alternate Beneficiary.
The written explanation shall be provided to the Participant during the Applicable Election Period.
For this subsection, the term "Applicable Election Period" is the 90-day period ending on the Annuity Starting Date.
The Plan amendment is not applicable with respect to an Optional Form of Distribution with an Annuity Starting Date that is earlier than the number of days in the maximum Applicable Election Period after the date that the amendment is adopted.
More Definitions of Applicable Election Period
Applicable Election Period means, in the case of an election to waive the spousal death benefit provided in Section 7.5, the period beginning when a person becomes a Participant and ending on the date of his death.
Applicable Election Period means, with respect to a Qualified Joint and Survivor Annuity, the 90-day period ending on the first date on which the Participant is entitled to commencement of payment from the Fund. In the event the Participant waives the minimum thirty (30) day requirement for the written explanation, the “applicable election period” shall not end before the period ending thirty (30)-days after the Participant receives the written explanation. Notwithstanding the foregoing, if the Participant receives the written explanation of the Qualified Joint and Survivor Annuity and affirmatively elects a form of distribution, the payments from the Fund may commence less than thirty (30) days after the Participant receives the written explanation provided that the Participant may revoke the affirmative distribution election until the later of the time payments from the Fund are to begin or the expiration of the seven (7) day period which begins on the day after the Participant receives the written explanation. With respect to a Qualified Preretirement Survivor Annuity, the “applicable election period” shall mean the period which begins on the first day of the Plan Year in which the Participant attains age 35 and ends on the date of the Participant’s death. In the case of a married Participant, no election (other than an election to receive payment in the form of a Qualified Optional Survivor Annuity in lieu of a Qualified Joint and Survivor Annuity) shall be effective unless:
Applicable Election Period means, in the case of an election to waive a Qualified Joint and Survivor Annuity or Single Life Annuity, (1) the 90-day period ending on the Annuity Starting Date or (2) the 30-day period beginning on the date the Plan Administrator provides the Participant with the written explanation described in Section 7.08, whichever ends later. "Applicable Election Period" means, in the case of an election to waive the Qualified Preretirement Survivor Annuity, (1) the period that begins on the first day of the Plan Year in which the Participant reaches age 35 and ends on the date of the Participant's death or (2) if a Participant's employment is earlier terminated, with respect to benefits accrued before the termination, the period that begins not later than the date of the termination and ends on the date of the Participant's death. An election to waive the Qualified Preretirement Survivor Annuity before a Participant's employment terminates and before the first day of the Plan Year in which the Participant reaches age 35 will be considered made during the "Applicable Election Period" provided that the Plan Administrator provides the Participant with the written explanation described in Section 7.08 before the election is made and provided further that the election will become invalid and ineffective as of the first day of the Plan Year in which the Participant reaches age 35.
Applicable Election Period means, in the case of an election to waive the Qualified Joint and Survivor Annuity form of benefit, the ninety (90) day period ending on the Annuity Starting Date.
Applicable Election Period means with respect to the Qualified Joint and Survivor Annuity described in subsection (b)(i), the ninety day period ending on the date benefit payments are to commence; and, with respect to the Qualified Pre-Retirement Survivor Annuities described in subsections (b)(ii) and (b)(iii), the period which begins on the first day of the Plan Year in which the Member attains age 35 or, if earlier, the date of his or her Termination of Service and ends on the date of the Member's death.
Applicable Election Period means, in the case of an election to waive a Qualified Joint and Survivor Annuity or Life Annuity (a) the 90-day period ending on the Annuity Starting Date or (b) the 30-day period beginning on the date the Committee provides the Member with the written explanation described in Section 7.06, whichever ends later. In the case of an election to waive the Qualified Preretirement Survivor Annuity, "Applicable Election Period" means (a) the period that begins on the first day of the Plan Year in which the Member reaches age 35 and ends on the date of the Member's death or (b) if a Member's employment is earlier terminated, with respect to benefits accrued before the termination, the period that begins no later than the date of the termination and ends on the date of the Member's death.
Applicable Election Period means the period described in Code §417(a)(6), to wit: with respect to an election to waive the Qualified Joint and Survivor Annuity, the period that begins not later than 180 days prior to the Annuity Starting Date (unless future guidance requires/permits otherwise).