deferred beneficiary definition

deferred beneficiary has the meaning set forth in Section 3.01(b).

deferred beneficiary means a former active scheme member who has vested pension rights in a supplementary pension scheme and is not yet in receipt of a supplementary pension from that scheme;

deferred beneficiary means any former scheme member whose pension rights remain dormant under the supplementary pension scheme until the eligibility requirements for receipt of a supplementary pension have been met;

Examples of deferred beneficiary in a sentence

• The provisions set forth in this Article III contain all the obligations of the Retaining Person vis-à-vis the Deferred Beneficiary with respect to the Deferred Transfer Asset and the Retaining Person shall not be bound vis-à-vis the Deferred Beneficiary by any other obligations under Applicable Law.

• As and when any Transfer Impediment is removed, the relevant Deferred Transfer Asset shall forthwith be transferred to its Deferred Beneficiary at no additional cost and in a manner and on terms consistent with the relevant provisions of this Agreement and the Ancillary Agreements, including Section 2.17(b) hereof, and any such transfer shall take effect as of the date of its actual transfer.

• As and when any Transfer Impediment is removed, the relevant Deferred Transfer Asset shall forthwith be transferred to its Deferred Beneficiary at no additional cost and in a manner and on terms consistent with the relevant provisions of this Agreement and the Ancillary Agreements, including Section 2.13(b) hereof, and any such transfer shall take effect as of the date of its actual transfer.

• The provisions set forth in this Article 3 contain all the obligations of the Retaining Person vis-à-vis the Deferred Beneficiary with respect to the Deferred Transfer Asset and the Retaining Person shall not be bound vis-à-vis the Deferred Beneficiary by any other obligations under Applicable Law.

• The Contracting Authority confirms that the period of any contracts awarded under the framework agreement may extend beyond the date of expiry of the agreement.

More Definitions of deferred beneficiary

deferred beneficiary means a former active scheme member who has vested pension rights in an Occupational Retirement Scheme and is not yet in receipt of Retirement Benefits from that scheme;

deferred beneficiary has the meaning set forth in Section 5.01(b).

deferred beneficiary means any former active scheme member whose pension rights remain dormant under the who has vested pension rights in a supplementary pension scheme, until the eligibility requirements for but is no longer an active member of that scheme and is not yet in receipt of a supplementary pension have been met from that scheme;

deferred beneficiary means any person who has vested pension rights in a supplementary pension scheme, but is no longer an active member of that scheme and is not yet in receipt of a supplementary pension from the scheme;

deferred beneficiary means a MEMBER whose benefit is retained in the Fund in terms of Rule 6(12).

deferred beneficiary means Buyer or its applicable Affiliate designated in accordance with Section 2.02(f) that will be entitled to receive the relevant Deferred Assets and the relevant Deferred Liabilities at the applicable Deferred Closing.”

deferred beneficiary means Purchaser or its applicable Affiliate that will be entitled to the Net Economic Benefit of the relevant Deferred Assets or Deferred Liabilities during the applicable Deferred Period (provided that such Affiliate is set forth in a written notice delivered by Purchaser to Seller).