DROP participation period definition

DROP participation period means the time that an employee participates in the DROP while actively employed by the City.
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DROP participation period means a period of years during which a participant participates in the DROP while employed by the Sheriff’s Office of the County as a covered individual under the Plan.
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DROP participation period means the period of time elected by a DROP Participant to participate in DROP.
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Examples of DROP participation period in a sentence

  • The Member receives service credit for the DROP participation period in lieu of any DROP benefit.

  • If, at the end of my DROP participation period, I have any unused sick leave, I will not receive any additional creditable service and my retirement allowance will not be adjusted.

  • You can always terminate employment and retire prior to the end of your announced DROP participation period; however, once announced, you are not permitted to work beyond your originally stipulated DROP ending date even if such date fell short of the maximum period allowed for DROP participants.

  • These contributions are based on the retirement option elected upon entering the DROP participation period.

  • Benefit Escalation The applicable escalator provisions apply from the member’s actual date of retirement at the end of the DROP participation period.

  • If you elect to participate in DROP, you must terminate your employment with the City of Boynton Beach Police Department and retire from service no later than the end of the DROP participation period you designate.

  • TheDROP accumulation of an elected officer exercising this option shall remain in the FRS Trust Fund until termination of their elected office and shall not accrue additional interest or benefits after the DROP participation period ends.Accumulated DROP benefits and interest are distributed after your termination of employment is verified by your FRS employer.

  • At the end of the DROP participation period, one half of participants are assumed to retire; the other half are assumed to work three additional years.RETIREMENT RATES FOR ACTIVE The table of these rates is included later in the FORMER DROP PARTICIPANTS: report.

  • A Member that completes two (2) years of DROP participation before the 2007 adoption of the ad hoc cost-of-living adjustment will receive a two percent (2.00%) cost-of-living adjustment related to such DROP participation period.

  • An election to participate in the DROP constitutes an irrevocable election to resign from the service of the City not later than the maximum permissible DROP participation period provided for in the Plan.


More Definitions of DROP participation period

DROP participation period means the period oE time a
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DROP participation period means the period of time a
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Related to DROP participation period

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

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

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Underlying and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 15 November 2017 is 100% (in any case, it will not be below 80%).

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Revolving Period means the period beginning on the Closing Date and ending at the close of business on the day immediately preceding the earlier of the day the Controlled Accumulation Period commences or the day the Early Amortization Period commences.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).