Former Participant definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• Current Participants will not be required to submit a Former Participant Claim Form to receive a settlement payment.

• Complete this claim form and keep a copy of all pages of your Former Participant Claim Form, including page 1 with the address label, for your records.

• The Settlement Notice shall inform Former Participants of the Claims Deadline by which they must file a completed Former Participant Claim Form to be eligible for a distribution in accordance with the Plan of Allocation.

• If the Authorized Former Participant elects to treat the Settlement Distribution as a rollover, the Settlement Administrator shall follow proper rollover instructions provided by the Authorized Former Participant.

• The Former Participant Claim Form shall advise the Authorized Former Participant that any distribution in accordance with the Settlement may be rollover eligible and of their right to roll over such an amount.

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 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 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 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 has been an active Participant, but who has ceased to actively participate in the Plan for any reason.

Former Participant is a person who participated in the Plan during the Class Period and did not have an Active Account on May 11, 2018.