Payment Eligibility Date definition

Payment Eligibility Date means the first day of the month following the end of the calendar quarter in which a Participant terminates employment for any reason with all Employers or dies.

Payment Eligibility Date means the first day of the month following the day on which a Participant terminates employment or dies.

Payment Eligibility Date means the first day of the month following the end of the quarter following the quarter in which a Participant terminates employment or dies.

Examples of Payment Eligibility Date in a sentence

• In the event that the Committee is unable to locate a Participant or Beneficiary within two years following the Participant’s Payment Eligibility Date, the amounts allocated to the Participant’s Deferral Account shall be forfeited.

• Such installment payments shall commence on the Participant's Payment Eligibility Date or as soon thereafter as is practicable and shall continue on the first day of each of the 59 calendar quarters thereafter.

• The amount payable to the Participant shall be the amount credited to his or her Deferral Account as of his or her Payment Eligibility Date.

• Each Participant (or, in the case of his or her death, Beneficiary) shall be entitled to receive a distribution of benefits under this Plan as soon as practicable following his or her Payment Eligibility Date.

• Upon the Payment Eligibility Date, the Institution shall pay the Director an annual benefit equal to Six Thousand and 00/100th Dollars ($6,000.00).

More Definitions of Payment Eligibility Date

Payment Eligibility Date means the first day of the month following the day on which a Participant terminates employment or dies; provided, however, that if a Participant is a Key Employee and his or her employment terminates for any reason other than death, then the Payment Eligibility Date shall mean the last day of the six-month period immediately following the Participant’s termination of employment (or, if the Participant dies prior to the end of such six-month period, the date of the Participant’s death). Notwithstanding the foregoing, a termination of employment shall not be deemed to have occurred for any purpose under the Plan unless such termination of employment constitutes a “separation from service” as defined under Section 409A (or other applicable section) of the Code and any regulations promulgated thereunder.

Payment Eligibility Date means the first day of the month following the end of the calendar quarter in which a Participant has a Separation from Service with the Bank for any reason, including by reason of Disability or death, subject to the provisions of Section 3.1(h).

Payment Eligibility Date means the first day of the month following the end of the calendar quarter in which a Participant ceases to provide service to the Bank as an Eligible Director, incurs a Disability or dies.

Payment Eligibility Date means the first day of the month following the end of the calendar quarter in which a Participant ceases to be employed by the Bank, incurs a Disability or dies.

Payment Eligibility Date means the date elected by the Participant pursuant to Section 3.1(h).

Payment Eligibility Date means (1) with respect to a Participant who is not a Key Employee, the first day of the first calendar quarter following the termination of the Participant’s employment with the Company, or (2) with respect to a Participant who is a Key Employee, the first day of the seventh month following the termination of the Participant’s employment with the Company.

Payment Eligibility Date means the date (which shall be the first day of a calendar quarter) specified by the Participant on a form provided by the Committee prior to July 30, 1995 or, if later, within 30 days of the date on which such person becomes a Participant. If the Participant specifies no Payment Eligibility Date, the Payment Eligibility Date shall be the first day of the calendar quarter following the Participant's death, Disability, or Termination of Employment.