DROP Effective Date definition

DROP Effective Date means the date on which the Participant’s DROP Election becomes effective. The DROP Effective Date must be the first day of a calendar month.
Sample 1Sample 2Sample 3
DROP Effective Date means April 1, 2007.
Sample 1
DROP Effective Date means the date on which the Participant's DROP Election becomes effective. The DROP Effective Date must be the first day of a calendar month.
Sample 1

Examples of DROP Effective Date in a sentence

  • If the DROP Election is in effect at the close of regular business hours on the seventh calendar day after the date on which the Participant signs the DROP Election, the DROP Election (including, without limitation, the DROP Effective Date and the commitment to terminate employment and retire on the date specified) shall thereupon become irrevocable.

  • An eligible Participant who voluntarily elects to have the provisions of this Section 4.06 apply shall irrevocably elect to retire no later than three years following the DROP Effective Date on which the Participant makes a DROP Election in accordance with Section 4.06(c).

  • The proposed DROP Effective Date selected by the Participant shall be subject to approval of the Board of Trustees.

  • On and after the DROP Effective Date, the Participant shall cease to be eligible for a Disability Retirement Pension under Article 5.

  • A DROP Election using the form provided by the Benefits Office must be filed with the Benefits Office at least sixty (60) days prior to the proposed DROP Effective Date.

  • If a Participant makes a valid DROP Election, the amount accrued by a Participant after his or her DROP Effective Date and the amount payable with respect to the Participant’s Normal Retirement Pension shall be determined solely and exclusively by the provisions of this Section 4.06 and, except as otherwise specifically provided herein, the Participant shall not be entitled to any other payment, benefit or amount with respect to his or her Normal Retirement Pension.

  • If a Member elects Option #1, during the DROP Period, an amount equal to the monthly annuity benefit amounts that the Member would have received during the DROP Period if the Member had retired on the DROP Effective Date, as calculated below, will be credited each month to the Member’s DROP Account.

  • If a Participant who makes a DROP Election dies before the DROP Effective Date, the DROP Election shall be inoperative, and the death benefits, if any, payable on account of the Participant’s death shall be determined in accor- dance with the remaining provisions of the Plan.

  • If the DROP Election is in effect at the close of regular business hours on the seventh calendar day after the date on which the Participant signs the DROP Election, the DROP Election (includ- ing, without limitation, the DROP Effective Date and the commitment to terminate employ- ment and retire on the date specified) shall thereupon become irrevocable.

  • If a Participant makes a valid DROP Election, the amount accrued by a Participant after his or her DROP Effective Date and the amount payable with respect to the Participant’s Normal Retirement Pension shall be determined solely and exclu- sively by the provisions of this Section 4.06 and, except as otherwise specifically provided herein, the Participant shall not be entitled to any other payment, bene- fit or amount with respect to his or her Normal Retirement Pension.


More Definitions of DROP Effective Date

DROP Effective Date means January 1, 2019.
Sample 1

Related to DROP Effective Date

  • Target Effective Date has the meaning specified in Section 2.01(a).

  • IPO Effective Date means the date upon which the Securities and Exchange Commission declares the initial public offering of the Company's common stock as effective.

  • SEC Effective Date means the date the Registration Statement is declared effective by the Commission.

  • Plan Effective Date means the occurrence of the effective date of the Plan according to its terms.

  • Merger Effective Date means the date on which the Merger is consummated.

  • the Effective Date means each date that the Registration Statement and any post-effective amendment or amendments thereto became or become effective. "Execution Time" shall mean the date and time that this Agreement is executed and delivered by the parties hereto. "Basic Prospectus" shall mean the form of basic prospectus relating to the Securities contained in the Registration Statement at the Effective Date. "Prospectus" shall mean the Basic Prospectus as supplemented by the Prospectus Supplement. "Registration Statement" shall mean the Registration Statement referred to in paragraph (a) above, including incorporated documents, exhibits and financial statements, as amended at the Execution Time. "Rule 415" and "Rule 424" refer to such rules under the Act. Any reference herein to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 which were filed under the Exchange Act on or before the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be; and any reference herein to the terms "amend", "amendment" or "supplement" with respect to the Registration Statement, the Basic Prospectus, the Prospectus Supplement or the Prospectus shall be deemed to refer to and include the filing of any document under the Exchange Act after the Effective Date or the issue date of the Basic Prospectus, the Prospectus Supplement or the Prospectus, as the case may be, deemed to be incorporated therein by reference.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • PAL effective date generally means the date of issuance of the PAL permit. However, the PAL effective date for an increased PAL is the date any emissions unit that is part of the PAL major modification becomes operational and begins to emit the PAL pollutant.

  • Contract Effective Date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.

  • Initial Effective Date means the date that the Initial Registration Statement has been declared effective by the SEC.

  • Required Effective Date means the relevant Initial Required Effective Date or Increased Required Effective Date (as those terms are defined below).

  • Restatement Effective Date has the meaning assigned to such term in the Amendment and Restatement Agreement.

  • Extension Effective Date has the meaning specified in Section 2.06(c).

  • Original Effective Date means the Effective Date under, and as defined in, the Original Credit Agreement.

  • Policy Effective Date means the commencement date of these Terms and Benefits which is specified as "Policy Effective Date" in the Policy Schedule.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Additional Effective Date means the date the Additional Registration Statement is declared effective by the SEC.

  • Effective Date has the meaning set forth in the preamble.

  • Order Form Effective Date means the date on which an Order Form comes into effect as indicated in that Order Form.

  • Amendment No. 4 Effective Date has the meaning assigned to such term in Amendment No. 4.

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Amendment No. 7 Effective Date has the meaning assigned to such term in Amendment No. 7.

  • First Restatement Effective Date means the “Restatement Effective Date” as defined in the First Amendment Agreement.

  • Amendment No. 5 Effective Date has the meaning set forth in Amendment No. 5.

  • Amendment Effective Date is defined in Article III.