Choice Participant definition

Choice Participant means a Participant who (i) has a “frozen traditional benefit” under RIP as a result of the election made by such Participant to cease accruing a benefit under the traditional benefit formula of RIP and to begin accruing a benefit under the pension equity formula of RIP and (ii) had accrued a Traditional Benefit (as defined in Section 3.2(a)) under this Plan as of June 30, 2003.
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Choice Participant means an individual who:
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Examples of Choice Participant in a sentence

  • Any benefits that become payable to a Choice Participant following Separation from Service shall be paid on the first day of the month that is at least six months after the Participant’s Separation from Service.

  • With respect to a Participant’s Traditional Benefit (as defined in Section 3.2(a)) for a Participant other than a Choice Participant where the Participant does not satisfy the requirements under Section 5.2(d)(1)(i), (ii), (iii), (iv), or (v) as of the Participant’s Separation from Service, the Participant’s Benefit Determination Date shall be the first day of the month following the date that the Participant first satisfies the requirements under Section 5.2(d)(1)(i), (ii), (iii), (iv), or (v).

  • If the Committee receives an initial or revised Deemed Investment Choice that it deems to be incomplete, unclear, or improper, the Participant’s Deemed Investment Choice then in effect shall remain in effect (or, in the case of a deficiency in an initial Deemed Investment Choice, Participant shall be deemed to have filed no Deemed Investment Choice) until the next Designation Date, unless the Committee provides for, and permits the application of, corrective action prior thereto.

  • Key Considerations Partnership Net Yield Fiduciary Risk Favorable Comparability ü ûü Unfavorable Comparability û Similar Comparability Operational Investment ûü Investment Choice Participant Safety / Soundness ûü 33 Note: Based on internal analysis by managementPRELIMINARY DRAFT – CONFIDENTIAL Non-Bank Custodian (NBC) Election Partnering with a leading global financial institution will enhance yield, limit capital outlays and reduce risk Custodial NBC vs.

  • Supplemental Pension Benefit Plan)(As Amended and Restated Effective as of January 1, 2020) Table of Contents (continued)Page election, any benefit amounts under the Plan that become payable to such Choice Participant shall be paid in the forms described in (1) and (2) above, as applicable.

  • Effective for Plan Years beginning on and after January 1, 2012, a Participant who is a Retirement Choice Participant under the Kerr-McGee Corporation Retirement Plan or the Anadarko Retirement Plan shall be entitled to receive a PWA Contribution equal to four percent (4%) of his Base Compensation paid during each payroll period beginning on and after such date.

  • In the case of a Grandfathered Choice Participant, an amount equal to fifty percent (50%) of the Participant’s Elective Deferral Credit for such pay date, Elective Deferral Credits which are over 6% of Compensation won’t be matched.

  • Notwithstanding the provisions of (a) and (b) above, with respect to a Choice Participant who does not make a contrary election Caterpillar Inc.Supplemental Retirement Plan(formerly known as the Caterpillar Inc.

Related to Choice Participant

  • Other Participant means a cooperative project participant other than the United States.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Participant has the meaning specified in Section 10.06(d).

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Study Participant means a person recruited to participate in the Study.

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • Voting Participant has the meaning specified in Section 10.06(d).

  • California Participant means a Participant whose Award is issued in reliance on Section 25102(o) of the California Corporations Code.

  • Defaulting Participant means a Participant which the Project Committee has declared to be in substantial breach of this Consortium Agreement or the PPP Allowance Agreement in accordance with Sections 3.5 and 6.5 of this Consortium Agreement;

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.