Benefit Payment Date definition

Benefit Payment Date means the date as of which the Participant’s benefit amounts under the Plan shall be payable, as determined in accordance with Section 5.2(d).

Benefit Payment Date means:

Benefit Payment Date means the date the member is paid a benefit which is the first day of the month. Benefits may be paid retroactive to a member's retirement date.

Examples of Benefit Payment Date in a sentence

• Such interest shall be paid in a single sum amount as soon as administratively feasible after such Benefit Payment Date.

• Such delayed monthly benefit amounts and interest shall be paid in a single sum amount as soon as administratively feasible after such Benefit Payment Date.

• In addition, if the Participant’s Benefit Payment Date, as described in Section 5.2(d)(2), is delayed pursuant to the first sentence of Section 5.2(d)(2), then any single sum amount that would have been paid if not for such first sentence will be credited with interest at five percent (5%) per annum through the Participant’s Benefit Payment Date.

• For purposes of this Section, a Participant shall be treated as unmarried and spousal consent shall not be required if the Participant is not married on his Benefit Payment Date.

• Such delayed monthly benefit amounts or single sum amounts and interest shall be paid in a single sum amount as soon as administratively feasible after such Benefit Payment Date.

More Definitions of Benefit Payment Date

Benefit Payment Date means the date on which a Member’s or Vested Former Member’s Retirement Benefit is paid to such Member or Vested Former Member in accordance with Section 3.2 or to such Member’s or Vested Former Member’s Designated Beneficiary in accordance with Section 4.1.

Benefit Payment Date means, for any Participant or Beneficiary of a deceased Participant, the date as of which the first benefit payment from a Participant's Account is due; provided, however, that the Benefit Payment Date applicable to any amount withdrawn pursuant to Section 7.3 will not be taken into account in determining the Participant's Benefit Payment Date with respect to the remainder of his Account.

Benefit Payment Date means the date on which a Member’s Retirement Benefit is paid to such Member in accordance with Section 3.2 or to such Member’s Designated Beneficiary in accordance with Section 4.1.

Benefit Payment Date means each of the dates set forth in a Participant’s Participation Agreement

Benefit Payment Date means the date specified in Article 12 or properly elected by the Participant (or his Beneficiary) on which his Distributable Benefit is to be paid or commence, determined without regard to any delay in payment caused for administrative reasons.

Benefit Payment Date means the date being 30 days following 1 July in any year. Board has the meaning given in clause 19.6.

Benefit Payment Date means the date on which the Trustee disburses the cash lump sum.