Deferred Participant definition

Deferred Participant means an Eligible Deferral Participant who has filed a timely Deferral Election form, and has not been paid all of his Deferred Benefit at the time of reference; provided, further, without limitation, that a Deferred Participant shall also be either a Category I Participant or a Category II Participant.
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Deferred Participant means an individual in the accompanying exhibit who:
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Deferred Participant means a person who:
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Examples of Deferred Participant in a sentence

  • A Participant or Deferred Participant who qualifies for a Supplemental Pension under subsection 5.01 or subsection 5.02 and who retires on their Early Retirement Date, will receive the annual Supplemental Pension calculated under subsection 5.01 or subsection 5.02, as applicable, but reduced by one half of one percent (1/2%) for each month between the Participant’s or Deferred Participant’s actual Retirement Date and the Participant’s or Deferred Participant’s Normal Retirement Date.

  • A Participant, Deferred Participant or Pensioner or a Spouse or former Spouse of any such person may apply to receive the information required to have the Supplemental Benefit earned during the spousal relationship valued for purposes of determining family assets upon spousal relationship breakdown.

  • A Limited Participant may elect to receive an unreduced Separate Pension on or after the date the Participant, the Deferred Participant or the Pensioner has attained, or would have attained if he or she was alive, their Normal Retirement Date.

  • Retirement Date" means the date on which a Participant, a Deferred Participant or a Limited Participant has opted for pension payments to commence under the Supplemental Plan.

  • A Limited Participant may elect to receive a reduced Separate Pension on or after the date the Participant or the Deferred Participant has attained, or would have attained if he or she was alive, the age of fifty years.

  • A Participant, or a Deferred Participant, must elect to retire no later than on December 31st of the calendar year in which the Participant or Deferred Participant attains age 71.

  • An individual who is a Spouse or former Spouse of a Participant, a Deferred Participant or a Pensioner may become a Limited Participant entitled to a Separate Pension on the date a division of the Supplemental Benefits of the Participant, the Deferred Participant or the Pensioner is effected under Article 8.

  • Separate Pension” means the share of the Supplemental Benefits of a Participant, a Deferred Participant or a Pensioner to which the Spouse or former Spouse of the Participant, the Deferred Participant or the Pensioner is entitled in accordance with the Supplemental Plan.

  • In no event shall such date be later than December 31st of the year in which the Participant or Deferred Participant attains age 71.

  • Where a Limited Participant dies prior to commencing receipt of a Separate Pension, the Personal Representative of the Limited Participant is entitled to receive 0.5 times the share of contributions, plus interest, made by the Participant, Deferred Participant or Pensioner to the Base Plan which are attributed to the Spouse or former Spouse upon division of benefits under the Base Plan in respect of the same period of MLA service during which the individual was a Participant.


More Definitions of Deferred Participant

Deferred Participant means an individual who has ceased to be a Participant but who retains an entitlement to a Deferred Supplemental Pension.
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Deferred Participant means a person who has separated from service and has at least five (5) years of credited service in HMEPS but has not met the eligibility requirements for a normal retire- ment pension under the Statute, and who has made a written election to receive a deferred retire- ment benefit that has been approved by the Board.
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Related to Deferred Participant

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

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

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

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

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

  • 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.

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

  • 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).

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

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

  • Eligible employer means any municipality with a municipal

  • 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.

  • 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.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

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

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

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

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

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • 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.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

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