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.

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

  • 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.

  • 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

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

  • 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 Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.