Former Participant definition

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

• After a Participant acquires a Nonforfeitable interest under the provisions of this Article 5, such Nonforfeitable interest shall carry over and continue after the Participant becomes a Former Participant or a Beneficiary designation with respect thereto becomes applicable, subject to charges, deductions, distributions and Forfeitures under the Plan.

• The Trustee may, but shall not be obligated to, accept from a Participant or Former Participant a “rollover contribution” which the Code permits an Employee to transfer either directly or indirectly from one qualified plan to another qualified plan.

• A Participant, Former Participant or Beneficiary shall acquire a Nonforfeitable interest in the Accounts standing in his or her name only as provided in this Article 5.

More Definitions of Former Participant

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 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 as defined on page 1, and you do nothing, you will be bound by the Settlement of the Class Action as described above in this Settlement Notice if the Settlement is finally approved, BUT YOU WILL NOT RECEIVE ANY MONEY UNLESS YOU SUBMIT A FORMER PARTICIPANT CLAIM FORM.

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 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 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.