DB Member definition

DB Member means a Member who is accruing Credited Service under the DB Provisions.
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DB Member means a Member other than a DC Member.
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DB Member means a Member who participates in the DB Provisions in accordance with Section 3.06.
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Examples of DB Member in a sentence

  • The formulae in this Article 3 are used in the calculation of the annual retirement income in respect of a DB Member, and the amount derived therefrom is the basis on which the actual amount of retirement income shall be determined in accordance with the applicable provisions of the Plan.

  • A DB Member shall be eligible for normal retirement upon attaining age 60 or older with 8 or more years of credited service, or age 50 or older with 25 or more years of credited service.

  • Each Employee who was a Member on December 31, 2010 shall remain a DB Member on and after January 1, 2011.

  • The Actuary shall prepare a report to the University that shows the Transfer Value for each transferring DB Member and describes the methods and assumptions used in determining such Transfer Value.

  • A DB Member who retires in accordance with Section 24.01, 24.02 or 24.03 shall receive an amount equal to his Excess Contributions, if any, determined and payable in accordance with Article 25 using his Retirement Date as the Date of Determination.

  • Except as otherwise provided in Section 2(C) above, with respect to an employee who was a DB Member and entered the Deputy Sheriffs bargaining unit covered under this Agreement on or after July 1, 2013, the monthly benefit formula shall equal one and one-half (1.5%) percent of the employee's final average compensation multiplied by his years of credited service, not to exceed seventy-five percent (75%) of final average compensation.

  • Except as otherwise set forth in this Section 2(C), with respect to an employee who was a DB Member and entered the Deputy Sheriffs bargaining unit covered under this Agreement prior to July 1, 2013, the monthly benefit formula shall equal two and one-half (2.5%) percent of the DB Member's final average compensation multiplied by his years of credited service, not to exceed seventy-five percent (75%) of final average compensation.

  • If the Member fails to make such an election within the allowable time period, the Member shall be deemed to have elected to remain a DB Member.

  • However, the State is still subject to the mandatory requirements of notification by publication of the proposed reclamation or works “in accordance with the rules in the Second Schedule to the LRA”.

  • If an electronic invoice does not comply with the requirements above, the invoice will be rejected and returned as incorrect and no payment will take place .


More Definitions of DB Member

DB Member means a person, who is a member of the Dispute Board and with whom DBMA is concluded.
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DB Member means a Member who was accruing benefits under one of the DB Sections of the Scheme on 31 March 2011.4
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DB Member added by deed of amendment dated 30 March 2011 with effect on and from 1 April 2011.
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DB Member means a Member who accrues or is entitled to benefits under the DB Component.
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Related to DB Member

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Founding Member means any individual who is either:

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Active member means a member of the pension program or the individual account program

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.

  • Former Member means a member that has withdrawn from a qualified authority under this section or a prior member of a qualified authority that has been dissolved under this section.

  • Unit Holder means a person holding units in the scheme of the Mutual Fund.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Inactive member means a member of the pension program or the individual account pro-

  • Employee Member means a member of the “Bargaining Unit”.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Preferred Member means a Member holding Preferred Units.

  • Common Member means a Member holding Common Units.

  • Deferred member means a person who elected to receive deferred vested retirement