In Pay Status definition

In Pay Status means that a participant is entitled to remuneration from a member organization under the terms of his or her appointment.

In Pay Status means earning pay through the City’s active employee payroll system.

In Pay Status means, with respect to a benefit, that an Executive or Beneficiary has met all of the requirements to receive such benefit, and it is being paid or is about to be paid to such Executive or Beneficiary. No benefit can be paid under this Plan unless the Executive has incurred a Separation from Service.

Examples of In Pay Status in a sentence

• An Executive who has a Separation from Service before he is In Pay Status and subsequently is re-employed by the Company or an Affiliate shall not resume his status as an Executive unless approved by the Committee.

• An Executive who is In Pay Status following a Separation from Service and is subsequently re-employed by the Company or an Affiliate shall remain In Pay Status.

• In order to recognize longevity of service, employees with more than five (5) years of continuous service shall earn personal leave hours as follows: Year of Employment Per Hr. In Pay Status Max.

• Accordingly, the Plan shall terminate and existing Account balances and other benefits In Pay Status shall be paid in a single, actuarially equivalent lump-sum and no further benefits, vested or non-vested, shall be paid hereunder in the event it is determined by a court of competent jurisdiction or by an opinion of counsel that the Plan constitutes an employee pension benefit plan within the meaning of Section 3(2) of ERISA which is not so exempt.

• Except as otherwise provided in this Section, no benefit of any kind shall accrue or vest hereunder with respect to any Executive or Beneficiary until such benefit is In Pay Status.

More Definitions of In Pay Status

In Pay Status means earning pay.

In Pay Status means, with respect to a benefit under the Plan, that a Participant or Beneficiary has met all of the requirements to receive such benefit and it is being paid or is about to be paid to such Participant or Beneficiary.

In Pay Status means an employees’ regular wages (including benefit leave pay) is greater than zero. All annual leave accruals must be exhausted prior to taking leave without pay.

In Pay Status means a benefit under the Plan that is currently being paid or that is about to be paid to a Participant or Beneficiary under Section 5.01, 6.03, 6.04 or 6.05.

In Pay Status means time worked and time off work but for which the employee is compensated because of a holiday, use of any kind of leave with pay, or because of use of compensatory time credits.

In Pay Status. Defined. For the purposes of this Section, benefits shall be deemed "in pay status" if the Participant's Benefit Commencement Date occurs on or before the date of his/her death.

In Pay Status means hours during a pay period for which an employee is entitled to pay. It includes time worked, paid holidays, all forms of paid leave, compensatory time, and suspension with pay.