Examples of Election Window in a sentence
An Election Window is any period commencing on the third business day following the Company's release of a quarterly or annual summary statement of sales and earnings and ending on the twelfth business day following such release.
A Qualifying Participant may elect to receive his accrued benefit as an immediate single lump sum payment, but only during the Benefit Election Window.
If the election form is not returned by the Eligible Participant during the Election Window or if the Eligible Participant does return the form but does not properly elect on the form to receive a lump sum payment, the Eligible Participant will only be eligible to receive in the future or to continue receiving, as the case may be, annuity based payments under the Plan.
An Eligible Participant whose Lump Sum Amount is $5,000 or more and who wishes to participate in the Program must make the election referred to in subsection (c) above during the Election Window.
For any Qualifying Participant who makes a valid Special Benefit Election, the following provisions will apply in determining his or her benefits during this Benefit Election Window: (1)For Participants who have not yet attained age 55 as of December 1, 2014, the single life annuity will be equal to the Actuarial Equivalent of the accrued benefit payable at Normal Retirement Date.
If an Eligible Participant who is receiving annuity payments as of December 10, 2008 elects to receive a lump sum payment during the Election Window, the annuity payments will continue to the Participant, or the Participant’s survivor annuitant, if any, through the June 2009 payment.
An Eligible Terminated Participant who satisfies the requirements of this Section and who so elects during the Temporary Election Window, shall be entitled to receive an immediate distribution of the Eligible Terminated Participant’s Accrued Benefit according to the provisions of this Section.
The Eligible Participant must make the lump-sum-payment election during the Election Window by completing the lump sum option on an election form, dating and signing the form and delivering it to the Company during the Election Window.
The term “Special Benefit Election” shall mean the valid election made by a Qualifying Participant to receive or commence to receive his or her vested accrued benefit pursuant to the Benefit Election Window.
A Qualifying Participant’s benefit must be definitely determinable based on the data available to the Plan Administrator as of December 1, 2015, in order to be paid in accordance with the Benefit Election Window provisions set forth in this Section 3.7.