Examples of Plan Payment Date in a sentence
If a Participant dies prior to a separation from service or after a separation from service but before the Plan Payment Date for Post-409A Benefits and such death occurs between January 1 and June 30, the Post-409A Benefits payable to the Beneficiary shall be paid between July 1 and December 31 of the same calendar year as the Participant’s death.
All Post-409A Benefits shall be paid in a single lump sum on the Plan Payment Date for Post-409A Benefits.
The lump sum interest rate and mortality table applicable to Participants who separate from service or die on or after age 55 after November 30, 2009 with a Plan Payment Date for Post-409A Benefits in the last six months of a calendar year shall be the applicable lump sum interest rate and mortality table under the Retirement Plan during the year in which the Plan Payment Date for Post-409A Benefits occurs.
The amount of any Post-409A Benefits paid to a Participant shall be determined on the Plan Payment Date for Post-409A Benefits using the lump sum death benefit calculation methodology described in Section E.6.(A)(1) of the Retirement Plan for final average pay benefits or Section 3.8(A) of the Retirement Plan for cash balance benefits, as applicable, and the lump sum methodology and actuarial methods in effect under the Retirement Plan.
The term "Initial Plan Payment" will refer to and mean sums deposited into the Unsecured Creditor Distribution Account on the Initial Plan Payment Date.
Thereafter, within five days after Pension Plan Payment Date such excess assets less costs and expenses, will be transferred to the EBS Pension, L.L.C. The exact amount of excess assets that will be transferred to the replacement plan and to the Debtors can only be determined after all benefit liabilities under the Pension Plan have been satisfied.
Subject to the following provisions of this Section, on and after a Participant's "Distribution Eligibility Date", his Account balances (determined as of the Accounting Date coincident with or next preceding his "Plan Payment Date" (as defined below) after all adjustments required under subsection II-5.1 as of that date have been made) will be distributable to him in a single, cash, lump sum payment as of his Plan Payment Date.
Except to the extent otherwise ordered by the Bankruptcy Court, the Reorganization Case will be deemed to be closed at the later of the time that the Reorganized Debtor makes the payments due on the Initial Plan Payment Date or all objections to Claims have been resolved by the Bankruptcy Court.
Payments to holders of Allowed Class 10 Claims will be due on the Initial Plan Payment Date.
A Participant's election pursuant to the foregoing sentence must be made not less than 30 nor more than 90 days prior to the date that he elects to be his Plan Payment Date.