Deferred Vested Benefit definition

Deferred Vested Benefit means the benefits described in Section 3.2(b) hereof.

Deferred Vested Benefit means the benefit payable pursuant to Section 6.04.

Deferred Vested Benefit means the benefit payable under the Deferred Vested Benefits" article.

Examples of Deferred Vested Benefit in a sentence

• Notwithstanding the foregoing, no benefit shall be payable under this Section 5.2 to the extent a Retirement Benefit or Deferred Vested Benefit was previously paid to a Member or Vested Former Member in the form of a lump sum.

• The QPSA shall begin on the first day of the month following the date of death, or if later, the first day a Participant could have elected early payment of an Early Retirement Benefit or a Deferred Vested Benefit, if applicable.

• The Deferred Vested Benefit shall begin on the first day of the month following the Participant’s Normal Retirement Date.

• Form of Benefit: The Deferred Vested Benefit will be paid monthly beginning at retirement and for the life of the Member; in the event of the Member’s death, 60% of the benefit will continue for the life of the Member’s spouse or to the age of majority of dependent minor children if there is no spouse.

• Eligibility: A Member is eligible for a Deferred Vested Benefit upon termination of employment after earning five years of Credited Service, including reciprocity service from another system.

More Definitions of Deferred Vested Benefit

Deferred Vested Benefit means the benefit to which a vested Member would be entitled after a Severance Date, if the Member is not eligible to receive an Early Retirement Benefit as of such date under the terms of the Plan.

Deferred Vested Benefit means the benefit, if any, described in Section 5.2(c).

Deferred Vested Benefit means the retirement benefit provided to a Participant or Vested Terminated Participant who qualifies and elects to receive benefits under Article 9.

Deferred Vested Benefit means the benefit to which a vested Participant would be entitled after a Break in Service, as calculated in accordance with Article 5 and Article 6.

Deferred Vested Benefit means, when referring to a participant, the benefit described in Article VII of this Plan.

Deferred Vested Benefit means a benefit determined pursuant to Section 4.02E (under benefit formulas prior to January 1, 1998) and payable to a Participant who is vested under the Pension Plan at the time of his or her termination of employment, and who is not Service Pension Eligible as of the date specified by the relevant provision of this Plan.

Deferred Vested Benefit benefit service", "highest average annual earnings", "earnings" and "retirement date" as used in this subsection (c) shall have the same meanings as defined and used in the SERP. The Company shall also pay the Executive interest on his deferred vested benefit calculated from the Date of Termination until the deferred vested benefit is paid to the Executive at a rate equal to the prime rate as published in The Wall