Benefit Eligibility Date means the date on which the Executive is entitled to receive any benefit(s) pursuant to Section(s) III or V of this Agreement. It shall be the first day of the month following the month in which the Executive attains his Benefit Age.
Benefit Eligibility Date means the date on which the Director is entitled to receive any benefit(s) pursuant to Section(s) III or V of this Agreement. It shall be the first day of the month following both the attainment of the Directors’ Benefit Age and his actual retirement from the Board of Directors.
Benefit Eligibility Date shall be the date on which an Executive is entitled to receive the maximum Supplemental Retirement Income Benefit available under the Plan. It shall be the 1st day of the month following the month in which the Executive attains the age sixty-five (65).
Examples of Benefit Eligibility Date in a sentence
Such benefit payments shall commence on the Executive's Benefit Eligibility Date.
The balance of the Retirement Income Trust Fund, measured as of the Executive's Benefit Age, shall be paid to the Executive in a lump sum on his Benefit Eligibility Date.
Such benefit payments shall commence on the Director's Benefit Eligibility Date.
The balance of the Executive's Accrued Benefit Account (if applicable), measured as of the Executive's Benefit Age, shall be paid to the Executive in a lump sum on his Benefit Eligibility Date.
Such benefit payments shall commence on the Executive’s Benefit Eligibility Date.
More Definitions of Benefit Eligibility Date
Benefit Eligibility Date shall be the date on which a Director is entitled to receive his Deferred Compensation Benefit. It shall be the 1st day of the month coincident with or next following the month in which the Director attains the Benefit Age designated in his Joinder Agreement.
Benefit Eligibility Date shall be the date on which Executive is entitled to commencement of benefits under the Agreement.
(a) In the event benefits become payable on account of Executive’s Separation from Service, the Benefit Eligibility Date shall be the date of the Executive’s Separation from Service, subject to Section 1.6(d).
(b) In the event the Survivor’s Benefit becomes payable under Section 2.4 on account of Executive’s death, the Benefit Eligibility Date shall be the first business day of the first month following Executive’s death.
(c) In the event the Account Balance becomes payable pursuant to Section 2.6 on account of Executive’s Separation from Service (other than for Cause) in connection with or within two (2) years following a Change in Control, the Benefit Eligibility Date shall be the date of the Executive’s Separation from Service, subject to Section 1.6(d).
(d) Notwithstanding anything in this Section 1.6 to the contrary, if Executive is a “specified employee” (within the meaning of Code Section 409A and the regulations and other guidance issued thereunder) and the payment(s) are due to Executive’s Separation from Service (other than due to death), then the Benefit Eligibility Date shall be the first day of the seventh month following Executive’s Separation from Service (if later than the date otherwise specified as the Benefit Eligibility Date).
Benefit Eligibility Date shall be the date on which Executive is entitled to commencement of benefits under the Plan.
(a) In the event benefits become payable on account of Executive’s Separation from Service on or after his Normal Retirement Age, the Benefit Eligibility Date shall be the first day of the second month following Executive’s Separation from Service, subject to Section 1.5(f).
(b) In the event the Accrued Benefit becomes payable to Executive in the event of Executive’s Separation from Service prior to his Normal Retirement Age, the Benefit Eligibility Date shall be the first day of the second month following the attainment of his Normal Retirement Age, subject to Section 1.5(f).
(c) In the event the Survivor’s Benefit becomes payable under Section 2.3(a) of the Plan on account of Executive’s death, the Benefit Eligibility Date shall be the first day of the second month following Executive’s death.
(d) In the event a benefit becomes payable pursuant to Section 2.5 of the Plan on account of Executive’s Involuntary Separation from Service or resignation for Good Reason coincident with or within two (2) years following a Change in Control, the Benefit Eligibility Date shall be the first day of the second month following Separation from Service, subject to Section 1.5(f) below.
(e) In the event Executive suffers a Disability while employed by the Bank, the Benefit Eligibility Date shall be the first day of the second month following the date Executive attains his Normal Retirement Age.
(f) Notwithstanding anything in this Section 1.5 to the contrary, if Executive is a Specified Employee of a publicly-traded company and the payment(s) are due to Executive’s Separation from Service (other than due to death or Disability), then the Benefit Eligibility Date shall be the first day of the seventh month following Executive’s Separation from Service (if later than the date otherwise specified as the Benefit Eligibility Date). The payments that otherwise would have been received from the date of Separation from Service to the Specified Employee’s Benefit Eligibility Date shall be aggregated and shall be paid on the same date as the initial payment (e.g., on the first day of the seventh month) and all remaining payments shall be made as otherwise scheduled. For purposes of Section 409A of the Code, the payments due hereunder shall be deemed a single payment.
Benefit Eligibility Date means the date the benefit ineligibility period ends. If there is no benefit ineligibility period, the benefit eligibility date is the waiver benefit issue date.
Benefit Eligibility Date shall be the later of (1) the 1st day of the month following the month in which the Executive attains the Benefit Age, or (ii) the 1st day of the month following the month in which the Executive actually retires.
Benefit Eligibility Date. [April 1, 2022] This Rider is a part of the Contract. It is not a separate contract. It changes the Contract only as and to the extent stated. In all cases of conflict with the other terms of the Contract, the provisions of this Rider shall control. Signed for us at our office as of the date of issue. [ ] [ ]
Benefit Eligibility Date means the 1st day of the month that a Bargaining Unit Member is eligible to participate in the benefit plan options provided by the College.