Examples of Participant Payment Date in a sentence
Except as otherwise provided herein, benefits under the Plan shall be payable in respect of a Participant at the Participant Payment Date applicable to the Participant and only by reason of the circumstances provided in Sections 4.1 through 4.4 hereof.
The Owner Participant Payment Date, and each January 2 and July 2 commencing July 2, 1996.
The period commencing on the Delivery Date and ending at the end of the day on the day immediately preceding the Owner Participant Payment Date.
With respect to Payment Dates under the Indenture (except a date for payment of defaulted interest), March 4, 1996 for the Owner Participant Payment Date, December 18 for January 2 Payment Dates and June 17 for July 2 Payment Dates, whether or not such date is a Business Day.
The Participant is required to pay any net debit shown in a Settlement Statement on the corresponding Market Participant Payment Date and shall be entitled to receive any net credit shown in a Settlement Statement on the corresponding IESO Payment Date, whether or not there is any outstanding disagreement regarding the amount of the debit or credit, in accordance with the IESO Market Rules.
In the event a Participant in the Service of an Employer dies prior to incurring a Disability or attaining his Normal Retirement Date, such Participant’s beneficiary shall be vested in the Actuarial Equivalent of the Participant’s Accrued Benefit, which shall be paid in the manner set forth in Section 5 hereof at the Participant Payment Date provided in Section 1.18(c) hereof.
Within the three-month period ending 30 days prior to the applicable Participant Payment Date of a Participant, a Participant may submit a request to the Committee in writing to be paid the Accrued Benefit payable to the Participant commencing upon the applicable Participant Payment Date in the form of a lump sum.
The normal form of distribution of the benefit payable to a Participant pursuant to this Section 5.1, commencing upon the Participant Payment Date of the Participant, shall be a monthly pension, payable, in the case of a Participant who is married on such date, under a joint and survivor annuity that represents the Actuarial Equivalent of a single life annuity, and in the case of a Participant who is unmarried on such date, under a single life annuity.
We expect that our common stock will be quoted on the OTC Bulletin Board following the distribution under the symbol “ _.” In reviewing this information statement, you should carefully consider the matters described under the caption “Risk Factors” beginning on page 10.
In the event of the termination of the Service of a Participant hereunder by an Employer without “cause” (as defined herein), such Participant shall be vested upon the effective date of such termination of Service in that amount equal to: (i) the Actuarial Equivalent of the Participant’s Accrued Benefit, multiplied by (ii) the Participant’s Participation Ratio, which amount shall be paid in the manner set forth in Section 5 hereof at the Participant Payment Date provided in Section 1.18(d) hereof.