Grandfathered Participant definition

Grandfathered Participant means an Inactive Participant who, on or before December 31, 1991, entered into a written agreement with the Company to terminate service to the Company or gives written notice of intention to terminate service to the Company, regardless of the actual date of termination of service.

Grandfathered Participant means a Participant who (i) is an employee of a Participating Employer on July 1, 1997, and (ii) has both attained age 50 and completed at least ten years of vesting service under the Retirement Plan on such date.

Grandfathered Participant means a Participant who on December 31, 1998 (i) was employed by the Employer, (ii) participated in the Plan and (iii) had completed at least five years of Credited Service and attained age 50.

Examples of Grandfathered Participant in a sentence

• An eligible Grandfathered Participant's monthly disability retirement benefit shall be equal to his Accrued Benefit determined as of his Annuity Starting Date; provided, however, that if the Grandfathered Participant is eligible to elect to begin benefit payments before his Normal Retirement Date the amount of such benefit shall be reduced for early commencement in the same way as provided in Section 6.2 with respect to an early retirement benefit.

• A Disabled Grandfathered Participant shall be credited with Service and Credited Service while he is Disabled based on his Hours of Service credited in accordance with the provisions of Section 2.1(d).

• A Disabled Grandfathered Participant's Accrued Benefit shall be determined under the provisions of the Plan in effect on the date the Disabled Grandfathered Participant ceases to be credited with Hours of Service under Section 2.1.

• Without the consent of his designated non-Spouse Beneficiary, such Grandfathered Participant may revoke or change his designation at any time prior to his Annuity Starting Date.

• Each Grandfathered Participant who retires from employment with his Employer and all Affiliated Companies prior to his Normal Retirement Date due to Disability shall be eligible for a disability retirement benefit.

More Definitions of Grandfathered Participant

Grandfathered Participant means an eligible Employee who satisfies both of the following requirements: (i) the eligible Employee was an active participant in the Predecessor Plan as of August 1, 2008 who was accruing a Predecessor Plan benefit that is calculated under Article VI of the Funded Plan or the CNI formula set forth in Exhibit A; and (ii) the Eligible Employee was grandfathered in 1998 in his/her right to have his/her benefit under the Predecessor Plan calculated using the benefit formula set forth under Article VI of the Funded Plan or was grandfathered in 2002 in his/her right to have his/her benefit under the Predecessor Plan calculated using the benefit formula set forth in Exhibit A.

Grandfathered Participant means a Participant who was a participant in the Grandfathered Plan immediately prior to the Effective Date.

Grandfathered Participant means a Participant listed on Exhibit I to the Plan.

Grandfathered Participant means a Participant designated as a "Grandfathered Participant" under the Pension Plan.

Grandfathered Participant means a Director of the Company who was a participant in the Grandfathered Plan immediately prior to the Effective Date.

Grandfathered Participant means any Participant who had a Separation from Service before January 1, 2015.

Grandfathered Participant means an Eligible Employee included on the ------------------------- Grandfathered Participant Schedule adopted by the Compensation Committee who (a) had an accrued benefit under the Cyanamid SERP on December 31, 1993, or (b) the Compensation Committee elects to grandfather status and grants an accrued benefit under this Plan equal to the benefit the Eligible Employee would have had under the Cyanamid SERP on December 31, 1993 if the Eligible Employee had been a member of the Cyanamid