Examples of Married Participant in a sentence
However, a Married Participant shall change his Beneficiary designation only in accordance with Section 9.02.
The spouse of a Married Participant shall automatically be his Beneficiary unless the Participant designates another Beneficiary pursuant to Section 9.02.
All such withdrawals will be made in accordance with Section 11.7. Notwithstanding the foregoing, a Married Participant shall not withdraw any amount of Employer Contributions without obtaining the written, notarized consent of his Spouse within the 90 day period ending on the date the withdrawal is made.
Section 9.02 — Change in Designation: Married Participant In the case of a Married Participant, any designation of a Beneficiary or any revocation or change in Beneficiary under Section 9.01 which has the effect of designating a person as Beneficiary who is not such Married Participant’s spouse will not be valid unless the spouse consents in writing to such designation, revocation, or change.
This benefit is intended to make-up for the reduction in monthly Basic Plan benefits due to Joint and Survivor coverage and is equal to the difference, if any, between the monthly Basic Plan benefit payable immediately in the single life form and the monthly Basic Plan benefit payable immediately in the Joint and Survivor Annuity for Married Participant form.