Early retirement allowance definition

Early retirement allowance means the periodic payment becoming
Sample 1Sample 2Sample 3
Early retirement allowance means the Retirement Allowances payable pursuant to Article II, A(3) of the PM Retirement Plan.
Sample 1Sample 2Sample 3
Early retirement allowance means the periodic payment becoming payable to a member who meets all applicable eligibility requirements for early retirement.
Sample 1Sample 2

Examples of Early retirement allowance in a sentence

  • Payments of the Early Retirement Allowance shall be reduced in accordance with income and employment tax withholding requirements.

  • Section 4.3 shall be amended to add the following new paragraph at the end of such Section: Notwithstanding the foregoing, in calculating a Participant’s Early Retirement Allowance under the terms of this Section 4.3, the Participant’s monthly retirement allowance at his or her Normal Retirement Date for purposes of this Section 4.3 hereof shall be the Participant’s monthly retirement allowance under the Pension Plan as of the Participant’s Normal Retirement Date.

  • A Grandfathered Participant who is eligible to retire on a Full, Deferred or Early Retirement Allowance may make application to the Administrator to receive an Optional Payment with respect to his Grandfathered Supplemental Retirement Allowance in lieu of the Single Sum Payment otherwise payable after his Separation from Service.

  • Early Retirement Allowance means the benefit described in Section 3.02.

  • The SMERP Benefit Payment Date of that portion of a Supplemental Retirement Allowance that is the Grandfathered Supplemental Retirement Allowance payable in the form of an Optional Payment pursuant to an election under Article II, C (6) of the Plan to a Grandfathered Retired Participant shall be the Benefit Commencement Date of the Grandfathered Retired Participant’s Full, Deferred or Early Retirement Allowance under the Salaried Retirement Plan.

  • The Early Retirement Allowance shall be payable in equal or nearly equal monthly installments, or more frequently based on the payroll practices of the Corporation and its Affiliates, until the payment for the month in which the Designated Participant dies.

  • If a Participant dies in active employment but after becoming eligible for either an Early Retirement Allowance or a Normal Retirement Allowance, and is survived by his spouse, a monthly retirement allowance shall be paid to his surviving spouse commencing on the first day of the month coincident with or next following his date of death and continuing on the first day of each month thereafter during his spouse's lifetime.

  • The Early Retirement Allowance shall be payable in equal or nearly equal monthly installments, or more frequently based on the payroll practices of the Corporation and its Affiliates, until the payment for the month in which the Participant dies.

  • If a Participant dies in active employment and prior to becoming eligible for either an Early Retirement Allowance or a Normal Retirement Allowance hereunder, no death benefit shall be payable from this Plan.

  • The benefit described in Section 4.01(a) or (b), as applicable, shall be payable on behalf of a Participant described in the preceding Subsection who dies without having made an election to receive an Early Retirement Allowance or a Normal Retirement Allowance pursuant to the first sentence of this Section 5.01(b).


More Definitions of Early retirement allowance

Early retirement allowance means the SERP retirement benefits payable under Section 4.3 to a Participant who retires prior to attaining Normal Retirement Age.
Sample 1Sample 2Sample 3
Early retirement allowance means the periodic payment becoming payable upon an active member's ceasing to be an employee while eligible for early retirement.
Sample 1Sample 2Sample 3
Early retirement allowance means the benefit described in Section 3.02.
Sample 1Sample 2
Early retirement allowance means the Supplemental Retirement Allowance that is payable to an Active Participant who retires before attaining Normal Retirement Age, but after attaining age 55 with fifteen (15) or more years of Creditable Service, or after attaining an age that, when added to his Creditable Service, totals at least 85 years.
Sample 1
Early retirement allowance means the periodic payment becoming payable upon an active member's ceasing to be an employee while eligible a member who meets all applicable eligibility requirements for early retire- ment.
Sample 1

Related to Early retirement allowance

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Early Retirement means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent Corporation of the Company.

  • Normal Retirement Benefit means an annual benefit payment in the amount of Seventy Two Thousand and Sixty One dollars ($72,061) for a period of fifteen (15) years.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Retirement Age means the earlier to occur of:

  • 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).

  • 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.

  • Normal Retirement Age means the Executive's 65th birthday.

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

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;