Qualified Retiree definition

Qualified Retiree means a retiree who is eligible to receive the annual supplemental benefit set forth in Division 15.
Sample 1Sample 2
Qualified Retiree shall be an Optionee who (a) voluntarily terminates his or her employment with, or is terminated without cause by the Company or one of its subsidiaries and (b) has attained the age of fifty-five (55) and have at least ten (10) years of continuous service, or attained the age of sixty (60) with at least five (5) years of continuous service on his or her last date of employment (the “Retirement Date”). Options unvested at the Retirement Date are forfeited. The Committee shall have the authority in its sole discretion to make any interpretations, determinations, and/or take any administrative actions with respect to whether Optionee shall be deemed a Qualified Retiree.
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Qualified Retiree as used herein means a person within the bargaining unit who has worked full time for the Township for at least twenty (20) years and is at least age sixty-two (62) or who has worked full time for the Township for twenty-five (25) years. Employees hired after January 1, 2005 must have twenty-five years of service and have reached the age of fifty-five (55) or have twenty years of service and have reached the age of sixty-two
Sample 1

Examples of Qualified Retiree in a sentence

  • The original difference spectrum had a reso- lution of ∼0.54 km s−1; this was boxcar-smoothed to, and resampled at, a resolution of ∼4.8 km s−1 to produce this spectrum.

  • Qualified Retiree in APCHA Housing – A person who has reached the retirement age as defined below and who has for at least ten (10) consecutive years immediately prior to retirement met the requirements of an “Employee” and who has owned or leased a deed restricted unit for at least four (4) consecutive years immediately prior to retirement.

  • Any prices charged which are negotiated by a prescription drug plan under Part D of title XVIII, by any MA-PD plan under Part C of such title for covered Part D drugs, or by a Qualified Retiree Prescription Drug Plan (as defined in section 1860D-22(a)(2) of the Act) for such drugs on behalf of individuals entitled to benefits under Part A or enrolled under Part B of Medicare, or any discounts provided by manufacturers under the Medicare coverage gap discount program under section 1860D-14A of the Act.

  • The Qualified Retiree may exercise his or her vested Company Matching Option during the two-year period following the Retirement Date; any portion of the Company Matching Option which is not vested as of the Retirement Date shall be forfeited by the Participant as of the Retirement Date.

  • If the Qualified Retiree retired before October 29, 2002, the Qualified Retiree must have completed 10 years of Service Credit; if the Qualified Retiree retired on or after October 29, 2002, the Qualified Retiree must have completed 5 years of Service Credit.

  • The Plan will determine the Annual Supplemental Benefit of survivor of a deceased Qualified Retiree in the same ratio as the survivor's monthly benefit bears to the Qualified Retiree's Monthly Retirement Allowance.

  • Qualified Retiree employees who receive the retirement health insurance option shall be required to pay 20% of insurance premium as per the Personnel Policy.

  • Section 3.2 is directly taken from the general report and the scenario descriptions and values are based on the general report.

  • Qualified Retiree Medical ReimbursementWhen you reach normal retirement age, the funds in your Retirement HRA account become available to pay for qualified retiree medical expenses allowable under section 213(d) of the Internal Revenue Code and which are not paid by any other health care coverage you may have.

  • CMS Should Clarify That the Prices Negotiated By a Qualified Retiree Prescription Drug Plan for Its Retirees As Well As for the Retiree’s Dependents Are Excluded from Best Price.


More Definitions of Qualified Retiree

Qualified Retiree means a retired Member who is eligible to receive the Annual Supplemental Benefit.
Sample 1
Qualified Retiree includes individuals receiving a retirement benefit, and those individuals who defer retirement, including disabilities, after five (5) years of vesting service.
Sample 1
Qualified Retiree. The District will contribute the cost of single person medical 46 insurance per qualified retiree per year toward the premium of the District’s 1 current employee only medical insurance plan. The District shall pay full medical 3 and shall pay full medical benefits for those retirees who do not qualify for
Sample 1
Qualified Retiree shall be an Optionee who (a) voluntarily terminates his or her employment with, or is terminated without cause by the Company or one of its subsidiaries and (b) has attained the age of fifty-five (55) and have a least ten (10) years of continuous service, or attained the age of sixty (60) with at least five (5) years of continuous service on his or her last date of employment (the “Retirement Date”). Options unvested at the Retirement Date are forfeited. The Committee shall have the authority in its sole discretion to make any interpretations, determinations, and/or take any administrative actions with respect to whether Optionee shall be deemed a Qualified Retiree.
Sample 1

Related to Qualified Retiree

  • Qualified Retirement means a retirement from Service by the Executive in which, at the time of such retirement, the sum of the Executive’s age and aggregate 12-month completed periods of Service (whether or not such completed 12-month periods are consecutive), in each case without giving credit for any partial years, equals or exceeds 75.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Qualified relative, for purposes of item 5, means a spouse, parent, stepparent, brother, sister, stepbrother, stepsister, half-brother, half-sister, uncle, aunt, niece, nephew, first cousin, or any person denoted by the prefix "grand" or "great," or the spouse of any of the persons specified in this definition, even after the marriage has been terminated by death or dissolution.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Eligible Retiree means a retired employee of the GROUP who is receiving retirement benefits from GROUP and is entitled to Medicare part A and enrolled in Medicare part B. If this Agreement includes Group Plan 65, an Eligible Retiree who selects Group Plan 65 shall be eligible as an individual. Such Eligible Retiree shall not be deemed to have any dependents who can select Group Plan 65.

  • Continuing care retirement community means a residential

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Disability retirement for plan 1 members, means the period

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Qualified disability expenses means that term as defined in section 529A of the internal revenue code.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Mandatory Retirement means termination of employment pursuant to the Company’s mandatory retirement policy.

  • Qualified Termination has the meaning set forth in Section 4(b).

  • Qualifying Dependent means, for Dependent Care Flexible Spending Account purposes,

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Retired Employee means an employee of the state who retired after April 29, 1971,

  • Public employees retirement system means the retirement plan and program

  • Qualifying Termination means a termination of Executive’s employment (i) by the Company other than for Cause or (ii) by Executive for Good Reason. Termination of Executive’s employment on account of death, Disability or Retirement shall not be treated as a Qualifying Termination.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.