Regular Retirement Plan definition

Regular Retirement Plan means any retirement plan maintained by the Company that qualifies as a defined benefit plan under the terms of ERISA.
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Examples of Regular Retirement Plan in a sentence

  • A Nominee who becomes eligible for retirement benefits under the Company's Regular Retirement Plan shall be eligible to commence Retirement Benefits under this Plan.

  • Except as set forth in Section 6, the first payment of Retirement Benefits will be due on the first day of the month following retirement under the provisions of a Regular Retirement Plan, and payments will continue on the first of each month thereafter so long as the Nominee is alive.

  • In the event that the Nominee dies prior to retirement but after having 25 years of service or satisfying the age and service requirements for early or normal retirement under the Company's Regular Retirement Plan, the amount of the Family Protection Benefit shall be equal to one-half of the benefit calculated in accordance with Section 5 that would have been payable if the Nominee had been deemed to have satisfied the eligibility requirements under this Plan as of the date of death.

  • In the event that the Nominee dies prior to retirement and before having 25 years of service or satisfying the age and service requirements for early or normal retirement under the Company's Regular Retirement Plan, the amount of the Family Protection Benefit shall be equal to the full benefit calculated in accordance with Section 5 that would have been payable if the Nominee had been deemed to have satisfied the eligibility requirements under this Plan as of the date of death.

  • A Nominee who is not eligible to receive benefits under the Company's Regular Retirement Plan may receive Retirement Benefits under this Plan if declared eligible to receive such benefits by the Board of Directors.

  • Credited Service means credited service as defined in the Regular Retirement Plan.

  • Regular Retirement Plan means the Shenandoah Telephone Company Retirement Plan as amended for the applicable time.

  • Actuarial Equivalent means, when used in reference to any form of benefit, a form of benefit which has the same value as the referenced benefit based on actuarial assumptions and methods employed in determining actuarial equivalence under the Regular Retirement Plan.

  • Hour of Service means hour of service as defined in the Regular Retirement Plan.

  • Credited Service means credited service as defined in the Regular Retirement Plan (or the similar plan of a subsidiary of Chesapeake under which a Participant is covered) unless otherwise specified by the Committee; provided, however, that a New SERP Participant’s service after December 31, 2006, shall not be recognized as Credited Service.

Related to Regular Retirement Plan

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • 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.

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • 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.

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

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • 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.

  • 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.

  • 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.

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

  • Disability retirement for plan 1 members, means the period

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty-Six Thousand Three Hundred and Seventy-Three Dollars ($66,373.00) for a period of fifteen (15) years.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Retirement Eligibility with respect to this Award means a Participant attaining age sixty (60) and completing five (5) Full Years of Continuous Service with the Employer; and

  • 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.

  • Regular Employee is one who works on a full-time or part-time basis on regularly scheduled shifts of a continuing nature:

  • 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.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • 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.