Deferred Vested Pension definition

Deferred Vested Pension means the Pension payable pursuant to Section 3.2.

Deferred Vested Pension means the type of Pension described in Section 5.4.

Deferred Vested Pension means a Pension earned by a Terminated Participant who was under the age of 55 at the time of his Termination but who had completed at least 10 years of Credited Service prior to his Termination (seven and one-half (7 ½) years of Credited Service for Eligible Employees who were Employees on or after January 1, 1998).

Examples of Deferred Vested Pension in a sentence

• The Grantee agrees that it will also notify ARB of any favorable developments which may enable meeting time schedules and objectives sooner or at less cost than anticipated or producing more beneficial results than originally planned.

• If a Participant is not entitled to a Deferred Vested Pension when he incurs a termination of employment, he shall be deemed to have a received a lump sum distribution of the entire vested portion of his Accrued Benefit.

• In the case of a Member electing to receive his Deferred Vested Pension prior to attaining his Normal Retirement Date, the amount of his Pension shall be reduced in accordance with the reduction factors applicable to early commencement of a “Vested Pension” under the PepsiCo Salaried Plan, not the percentage factors which apply to an Early and Special Early Retirement Pension as described in Sections 4.02 and 4.03.

• However, a Member may elect, by filing a written election with the Vice President to have his Deferred Vested Pension commence as of the first day of any month after the date he attains age 55 (or the date of his termination of employment with both his Employer and the PepsiCo Organization, if later).

• In the event that the securities are not registered or inscribed in the name of the local government, such securities shall be delivered in a form suitable for transfer or with an assignment in blank to the Town of Lewisboro or its custodial bank.

More Definitions of Deferred Vested Pension

Deferred Vested Pension means the monthly pension benefit described in Subsection 3.3(d).

Deferred Vested Pension means the payments under the Plan to an Employee who is eligible by reason of age and Vesting Service, pursuant to Section 5.5 and Section 6.3.

Deferred Vested Pension means the payments under this Appendix OO to an Employee who is eligible by reason of age and Vesting Service, pursuant to Section 4.5 and Section 5.3.

Deferred Vested Pension means a Pension described in Section 4.6-J.

Deferred Vested Pension means the monthly benefit for life payable under the Pension Plan to a Participant whose employment terminates before he is eligible for an Early Retirement Pension or Normal Retirement Pension and who has a vested entitlement to benefits under the Pension Plan. Such monthly benefit shall be calculated as of the first day of the month on which the Participant would first be entitled to a monthly Deferred Vested Benefit for life under the Pension Plan.

Deferred Vested Pension means the benefit provided under Section 7.

Deferred Vested Pension means the payments under the Plan to an Employee who is eligible by reason of age and Vesting Service, pursuant to Section 5 of Article IV of this Appendix T and Section 3 of Article V of this Appendix T.