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

• Former Participants who are entitled to a distribution of $5.00 or less (the Former Participant De Minimis Amount) will not receive a distribution from the Net Settlement Amount.

• Any Preliminary Entitlement Amount not paid because of the Former Participant De Minimis Amount shall revert to the Qualified Settlement Fund, as provided in Section 6.5. However, if the calculation of Preliminary Entitlement Amounts indicates that the sum of Former Participant De Minimis Amounts will exceed 5% of the Net Settlement Amount, the Settlement Administrator shall recalculate the entitlement amounts, excluding those Former Participants who are entitled to a distribution of $5 or less.

• However, if the calculation of Preliminary Entitlement Amounts indicates that the sum of Former Participant De Minimis Amounts will exceed 5% of the Net Settlement Amount, the Settlement Administrator shall recalculate the entitlement amounts, excluding those Former Participants who are entitled to a distribution of $5 or less.

• Prior to expiration of the original check, when a Former Participant requests that an undeposited check be re-issued the Settlement Administrator will void the original check and reissue the payment.

• If you are a Former Participant (i.e., no longer a participant in the Plan) and are a Settlement Class member, such funds shall be paid directly to you by the Settlement Administrator.

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 any Class Member who had a Plan account with a balance greater than $0.00 during the Class Period but who does not have a Plan account with a balance greater than $0.00 as of the date of the Preliminary Approval Order.