Disability Retirement Benefit definition

Disability Retirement Benefit means the benefit payable to Director following a determination that he is no longer able, properly and satisfactorily, to perform his duties as Director. Said benefit shall be payable monthly for a fifteen (15) year period which, subject to the provisions of Subsection 4.4, shall begin not more than thirty (30) days following the above-mentioned disability determination.

Disability Retirement Benefit means the benefit payable pursuant to Section 4.8.

Disability Retirement Benefit means the benefit described in Section 6.2 of the Plan Document.

Examples of Disability Retirement Benefit in a sentence

• Benefit Amount: The Service-Connected Disability Retirement Benefit payable to Members is equal to the greater of 50% of their Final Compensation or – if the Member is eligible at disability for a Service Retirement Benefit – the Service Retirement Benefit accrued on the date of disability.

• In the case of a claim for a Disability Retirement Benefit, the notice of an extension shall specifically explain the standards on which entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim, and the additional information needed to resolve those issues, and the claimant shall be afforded at least 45 days within which to provide the specified information.

• Such disabled Participant shall, however, be entitled to Early or Normal Retirement benefit payments upon qualification by the Participant under the requirements set forth in Section 3.1 and Section 3.2. In no event, however, shall any Participant be entitled to receive both a Disability Retirement Benefit and an Early or Normal Retirement Benefit, it being intended that there should be no duplication of retirement benefits.

• If while actively employed on a full-time basis with Employer, Employee incurs a Disability Retirement, Employee is entitled to a Disability Retirement Benefit which shall commence payment within sixty (60) days following the Disability Retirement and be paid monthly until the December 31st immediately following Employee’s eightieth (80th) birthday.

• Failure or refusal of a Participant to submit to medical examination as requested by the Company shall be cause of cancellation of the Disability Retirement Benefit.

More Definitions of Disability Retirement Benefit

Disability Retirement Benefit means the benefit as set forth in Section 3.4.

Disability Retirement Benefit means the benefit, if any, described in Section 5.5 or for certain Participants who became Participants as a result of certain acquisitions or mergers, the disability benefit described in the applicable Appendix.

Disability Retirement Benefit means a benefit

Disability Retirement Benefit means the benefit payable under the Disability Retirement section.

Disability Retirement Benefit means the disability benefit provided to a Participant or Vested Terminated Participant who qualifies and elects to receive benefits under Article 7.

Disability Retirement Benefit means the benefit described in Section 4.5.

Disability Retirement Benefit means the benefit payable under Section 7.1 of the Plan.