Early Benefit Date definition

Early Benefit Date means the later of (i) the first day of the month following a Participant’s 55th birthday or (ii) twelve (12) months after the Participant’s initial deferral into the Plan.
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Early Benefit Date means the date of Termination of Service of the Participant for reasons other than death or disability prior to attainment of age sixty-five but after the earliest of the date on which the Participant:
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Early Benefit Date means the date of Termination of Service of the Participant on or after he/she attains age 55 and has 10 Years of Service with the Company and before attaining age 65.
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Examples of Early Benefit Date in a sentence

  • In the event that Executive is actively employed by the Corporation at the time of such termination, he shall be entitled to the Early Benefit Amount described in Article 2, except that the date of the Agreement's termination shall be substituted for the date of the Executive's death as the Early Benefit Date.

  • Payment of the Supplemental Benefit described in this Article 2 shall be made in accordance with the schedule provided in Section 1.2, except that the date of the Executive's death (the "Early Benefit Date") shall be substituted for the Benefit Date and the first day of the second calendar month coinciding with or next following the Early Benefit Date (the "Early Benefit Payment Commencement Date") shall be substituted for the Retirement Payment Commencement Date.

  • Beginning with the Early Benefit Date and continuing through the first day of the month in which the Director's death occurs, said benefit shall be paid in equal monthly installments (each 1/12th of the annual benefit) on the first day of each month beginning with the Early Benefit Date.

  • Such date shall be selected prior to the Early Benefit Date or the Normal Benefit Age and shall occur subsequent to such.

  • Subject to Subparagraph VIII (i) hereinbelow, in the event that the service of the Director shall terminate prior to the Early Benefit Date, by the Director's voluntary action, or by the Director's discharge by the Institution without cause, then this Agreement shall terminate upon the date of such termination of service.

  • Early Benefit Date shall mean a benefit from service which is effective prior to the Normal Benefit Age stated herein, provided the Director has attained age sixty-two (62).

  • Should the Director elect Early Benefit subsequent to the Early Benefit Date [Subparagraph III (C)], the Director shall be entitled to receive an annual benefit payment of Six Thousand and 00/100th Dollars ($6,000.00) actuarially reduced based on the liability account balance.

  • Subject to Section 4.8 below, upon a Participant’s Early Benefit Date or Normal Benefit Date, he/she shall be entitled to receive the amount of his/her Deferred Benefit Account determined under Section 3.8 using the Retirement Interest Yield.

  • Payment of the Supplemental Benefit described in this Article 2 shall be made in accordance with the schedule provided in Section 1.2, except that the date of the Executive's death (the "Early Benefit Date") shall be substituted for the Benefit Date and the first day of the second calendar month coinciding with or next following the Early Benefit Date (the "Early Benefit Payment Commencement Date" ) shall be substituted for the Retirement Payment Commencement Date.

Related to Early Benefit Date

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Accrued Benefit have the meanings specified in ERISA.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Retirement Benefit means the benefit set forth in Article 5.

  • SERP Benefit means the benefit described in Section 5.1.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Early Retirement Date means: the day on which a Participant who has attained age fifty-five (55), but has not reached age sixty-five (65), with ten (l0) or more years of Credited Service, retires. A Participant is eligible for early retirement on the first day of the calendar month coincidental with or immediately following the attainment of age fifty-five (55) and the completion of ten (l0) years of Credited Service, and "early retirement" shall mean retirement by an eligible Participant at the Early Retirement Date.

  • Termination Benefit means the benefit set forth in Article 7.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Extended benefit period means a period which:

  • Disability Benefit means the benefit set forth in Article 8.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.