Elected Payment Date definition

Elected Payment Date means the date (if any) elected by a Non-Employee Director pursuant to Section 5 of this Plan for the payment of vested Restricted Stock Units or Stock-Based Awards.

Elected Payment Date means the first day of any month after a Participant’s Separation from Service elected by the Participant (i) for the commencement of payment of his Grandfathered Benefit in accordance with Section 5.2 and/or (ii) for the commencement of payment of his 409A Benefit in accordance with Section 5.3, Section 7 or Appendix B; provided, however, that the Elected Payment Dates for the portion of a Participant’s Plan Benefit payable in the DCP Option shall be determined in accordance with the applicable terms of the DCP.

Elected Payment Date means the date specified on a Participant’s Election Form indicating when a Base Salary Deferral and earnings thereon will be paid or commence to be paid to the Participant. Notwithstanding the foregoing or any language to the contrary set forth on any Participant’s Election Form filed on or before December 31, 2006, to the extent an Election Form indicates a payment is to be made or commence upon “retirement”, the term “retirement” shall mean Termination of Employment by the Participant on or after reaching Normal Retirement Age, as defined herein.

Examples of Elected Payment Date in a sentence

• A Participant shall not be permitted to specify an Elected Payment Date for his Grandfathered Benefit if such Grandfathered Benefit is payable in the Lump-Sum Option.

• Such Participant shall not be permitted to select an Elected Payment Date or an Elected Payment Form; provided, however, that such Participant shall be permitted to make a redeferral election in accordance with Section 7.

• Such Puerto Rico Participant shall not be permitted to select an Elected Payment Date or an Elected Payment Form; provided, however, that such Puerto Rico Participant shall be permitted to make a redeferral election in accordance with Section 7.

• An Elected Payment Date for an annuity shall not be earlier than the first day of the month coincident with or next following the month in which a Participant attains age 55, and shall not be later than the Participant’s Normal Retirement Date (or, if the Participant’s Separation from Service is later, the first day of the month following the month in which occurs the Participant’s Separation from Service).

• If the Payment Form for a Participant’s Grandfathered Benefit is other than the Lump-Sum Option or the DCP Option, the payment of the Participant’s Grandfathered Benefit shall commence on the Participant’s applicable Normal Payment Date, unless the Participant has specified an Elected Payment Date.

More Definitions of Elected Payment Date

Elected Payment Date means (i) with respect to the Grandfathered Benefit, the first day of any month after a Participant’s Separation from Service elected by the Participant in accordance with Section 5.2 and/or (ii) with respect to the 409A Benefit, the Normal Payment Date, unless the Participant elects the DCP Option in accordance with Section 5.3, or elects to redefer his 409A Benefit into the DCP in accordance with Section 7, in which case Elected Payment Dates shall be determined in accordance with the applicable terms of the DCP.

Elected Payment Date means that date between January 1, 2000 and June 30, 2002 that is elected by Scorpion, by written notice to Speizer two (2) days in advance of such date.

Elected Payment Date means the date elected by a Non-Employee Director pursuant to Section 7 of this Plan.

Elected Payment Date means the date set forth on a Participant’s Election Form indicating when the Participant will receive a lump sum payment of the Deferral, or in the case of an installment payment election, the date the installment payments of the Deferral shall commence. Notwithstanding the foregoing or any language to the contrary set forth on any Participant's Election Form filed on or before December 31, 2007, if a Participant elected to be paid (or for payments to commence) upon “Retirement Due to the Attaining of Age 70”, “Retirement” or “Retirement Pursuant to Board Policy”, each of those terms shall be interpreted to mean “Mandatory Retirement Age”, as defined herein.

Elected Payment Date means the tenth day of the next month following the payment date elected by a Participant pursuant to Section 2.04(a).

Elected Payment Date means the date elected by the Eligible Director or otherwise determined pursuant to Section 8(h) with respect to the applicable Stock Units credited after December 31, 2005, which shall be his or her Payment Date with respect to such Stock Units unless (i) the Eligible Director’s death occurs before the Payment Date so elected or otherwise determined pursuant to Section 8(h) or (ii) in the case of an Eligible Director who has not elected a later Elected Payment Date pursuant to the next to last sentence of Section 8(h) with respect to the applicable Stock Units, the Eligible Director’s Retirement Date occurs before the Payment Date so elected or otherwise determined pursuant to Section 8(h).

Elected Payment Date means the first day of any month following a Participant’s Separation from Service elected by the Participant for the commencement of his Plan Benefit in accordance with Section 6.1 or Article 8, as applicable.