Excess benefit participant definition

Excess benefit participant means any retired member whose retirement benefits as determined on the basis of all qualified plans without regard to the limitations of Section 25(b) of this article and comparable provisions of other qualified plans would exceed the maximum benefit permitted under Section 415 of the code.
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Excess benefit participant means any member whose retirement benefit, as determined on the basis of all qualified plans without regard to the limitations of R.S. 11:1458 and comparable provisions of other qualified plans of the employer, would exceed the maximum benefit permitted under Section 415 of the Internal Revenue Code.
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Excess benefit participant means any retiree whose retirement benefits, as determined on the basis of all qualified plans without regard to the limitations provided by Section 23 of this Act and comparable provisions of other qualified plans, would exceed the maximum benefit permitted under Section 415, Internal Revenue Code of 1986, as amended.
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More Definitions of Excess benefit participant

Excess benefit participant means an Employee who has satisfied the eligibility requirements of Section II, as indicated pursuant to an action taken by the Committee, and is eligible for benefits in accordance with Section IV.
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Excess benefit participant means any member 72-39 whose retirement benefits as determined on the basis of all 72-40 qualified plans without regard to the limitations of Section 8.01 72-41 of this article and comparable provisions of other qualified plans 72-42 would exceed the maximum benefit permitted under Section 415 of the 72-43 code.
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Excess benefit participant means an Employee who has satisfied the eligibility requirements of Section II, as indicated on Schedule B attached hereto and as updated from time to time, and is eligible for benefits in accordance with Section IV.
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Excess benefit participant means any member whose retirement benefit is determined on the basis of all qualified plans maintained by the city without regard to the limitations set forth in the pension plan and comparable provisions of other qualified plans of the city, that exceed the maximum benefit under section 415 of the Internal Revenue Code.
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Related to Excess benefit participant

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • SERP Benefit means the benefit described in Section 5.1.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Employee Participant means an Employee who holds an outstanding Award under the terms of the Plan.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Accrued Benefit have the meanings specified in ERISA.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Eligible employer means an employer that:

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.