Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.
Former Participant means a Participant whose employment has Terminated or a Participant who is no longer an Eligible Employee, but whose Account has a balance greater than zero.
Former Participant means any previous Participant whose participation has terminated but who has a vested interest in the Plan which has not been distributed in full.
Examples of Former Participant in a sentence
Each Former Participant (or the Beneficiaries or Alternate Payees of Former Participants) will have the opportunity to elect a tax-qualified rollover of his or her Entitlement Amount to an individual retirement account or other eligible employment plan, which he or she has identified on the Former Participant Rollover Form, provided that the Former Participant supplies adequate information to the Settlement Administrator (as requested on the form) to effect the rollover.
Upon completing the calculation of each Class Member’s Entitlement Amount and no later than forty (40) calendar days following the Effective Date, the Settlement Administrator shall issue a check from the Settlement Fund to each Non-Rollover-Electing Former Participant, in the amount of each Former Participant’s Entitlement Amount (less any withholdings), as long as the Entitlement Amount exceeds $5.00.
More Definitions of Former Participant
Former Participant means a person who had been an active Participant in Part I or Part II of the Plan (as applicable), but who has ceased to accrue further Credited Service for any reason.
Former Participant means a member of the Settlement Class who does not have an Active Account as of the date the Preliminary Approval Order is entered by the Court.
Former Participant means a person on whose behalf an Account is maintained, who was an Eligible Employee but who is not entitled to accrue a benefit under this Plan because he or she has ceased to be eligible to participate in the Plan for any reason.
Former Participant means a person who has been an active Participant, but who has ceased to actively participate in the Plan for any reason.
Former Participant means a Class Member who participated in the Plans during the Class Period but did not have an Active Account as of August 5, 2020.
Former Participant means a person who had an active account with a positive balance in the Plan during the Class Period but who did not have an account with the Plan with a balance greater than $0 as of [INSERT PRELIMINARY APPROVAL DATE]. “Beneficiary” or “Alternate Payee” means, for the purposes of this Former Participant Claim Form, a Beneficiary or Alternate Payee of a participant in the Plan who maintained a positive account balance in the Plan during the Class Period, but did not have an active account in the Plan as of [INSERT PRELIMINARY APPROVAL DATE]. Participant Information Name Address Address 2 City State Zip Participant’s Social Security Number Phone (Preferred) Phone (Alternate) Participant’s Date of Birth Email Address Beneficiary or Alternate Payee Information (ONLY PROVIDE IF THIS PERSON SHOULD RECEIVE PAYMENT INSTEAD OF THE PARTICIPANT) Your Name Address Address 2 City State Zip Your Social Security Number Phone (Preferred) Phone (Alternate) Your Date of Birth Email Address Payment Election (choose only one) I WANT A CHECK MADE PAYABLE TO ME AND MAILED TO ME. Choosing this option entails the Settlement Administrator withholding 20% or more of your total payment for tax withholdings. The Settlement Administrator will mail your check to the Name and Address listed above. OR 🞏 I WANT A CHECK MADE PAYABLE TO MY RETIREMENT ACCOUNT AS A ROLLOVER DISTRIBUTION. PLEASE MAKE THE CHECK PAYABLE TO: Account Name Account Number Contact or Trustee (if required) Address Line 1 Address Line 2 City, State, Zip NOTE: There is no promise or assurance that these funds are eligible for rollover or tax- preferred treatment. The decision to seek rollover treatment is yours alone. Any questions about taxation or rollover treatment must be directed to your tax advisor or accountant. No one associated with this case can provide you with assistance or advice of any kind in this regard or answer any tax questions.
Former Participant means an employee who has not completed five (5) or more years of Credited Service at the time his employment with the Corporation or an Affiliate terminates or at the time he was removed, upon written notice by the Chief Executive Officer of the Corporation and with the approval of the Committee, from further participation in the Plan.