SBM Participant definition

SBM Participant means a participant in the SBM Plan who had an undistributed account thereunder immediately prior to the Merger.
View Source

Examples of SBM Participant in a sentence

  • Each SBM Participant who is not then employed by an Employer shall become a Member on August 1, 2000, but solely with respect to his SBM Account unless he otherwise qualifies as Member under the Plan.

  • After attaining age 59-1/2, an SBM Participant who is employed by an Employer or Affiliate may elect, no more frequently than once in any six-month period, to withdraw from the Plan all or any portion of any of his benefit amounts attributable to his Elective and Matching Subaccounts (including investment earnings allocable thereto).

  • An SBM Participant who is employed by an Employer or Affiliate may elect, no more frequently than once in any six-month period, to withdraw from the Plan all or any portion of any of his benefit amounts attributable to his Rollover Subaccount (including investment earnings allocable thereto).

  • Each SBM Participant who is employed by an Employer on July 1, 1999 shall become a Member of the Plan on that date.