Rehired Participant definition

Rehired Participant means a Participant who, subsequent to Retirement or Layoff, is rehired by the Company, or any subsidiary of the Company, and whose employment status is classified as regular full-time or its equivalent.
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Rehired Participant means, with respect to any rehired or transferred employee, an Eligible Employee who at any time during the 24-month period ending on the Eligible Employee's new Commencement Date participated in or was eligible to participate in the Plan or an Aggregated Plan.
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Rehired Participant means an individual who terminates Employment with an Employer and begins employment with an Employer, Affiliate or Subsidiary on a date later than the next regularly scheduled work day and would have his prior service reinstated under the reinstatement rules set forth in Section 5.3(b) had he been rehired by an Employer.
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Examples of Rehired Participant in a sentence

  • In the event a Participant is a Rehired Participant, he/she will be eligible to receive notifications as specified in Section 2 and will be eligible to submit an Indication of Preference or Election to Defer as specified in Section 3, if the Participant agrees to the suspension of payments from his/her Deferred Compensation Account during the period of reemployment by the Company.

  • Any Rehired Participant (including former Grandfathered Participants and former participants in The Phoenix Companies, Inc.

  • This Section 4.3 applies to any Rehired Participant who as of the time of his Commencement Date has an Account balance in the Plan or has a Deferral Election on file for the calendar year.

  • In the calculation of the Accrued Benefit attributable to the Pension Benefit for a Rehired Participant, all Credited Service shall be taken into account, and all Periods of Service shall be taken into account in determining Average Annual Earnings, subject at any future Annuity Starting Date to the offset described in this Section 2.3B.

  • Section 2.3B Re-employment -- Calculation of Accrued Benefit and Suspension of Benefit Payments Any Rehired Participant shall have annuity payments from the Plan suspended upon his Re-employment Commencement Date, and the provisions of Section 6.2A shall apply.

  • A Rehired Participant described in this Section 4.3(a) shall not be permitted to make a Payment Election in accordance with Section 4.1(a).

  • Notwithstanding anything in the Plan to the contrary, the value of all prior distributions from the Plan shall reduce the Actuarial Equivalent value of the Accrued Benefit for a Rehired Participant, and any of his FAP Benefit, Pension Equity Benefit, and any Cash Balance Benefit under the Plan, according to the source of the prior distribution.

  • In the calculation of the Accrued Benefit attributable to the Cash Balance Benefit for a Rehired Participant, the Cash Balance Account of such Rehired Participant shall be restored, adjusted according to the Periodic Interest Rate from any Annuity Starting Date, subject at any future Annuity Starting Date to the offset described in this Section 2.3B.

  • This Section 3.1 applies to each Newly Eligible Participant whose Commencement Date occurs after the first day of a calendar year but prior to November 1 of such calendar year (or such earlier date as specified by the Committee from time to time), excluding any Rehired Participant who as of the time of his Commencement Date has an Account balance in the Plan or has a Deferral Election on file for the calendar year.

  • In all other respects the Payment Election will comply with the requirements of Section 4.1(b) as to the form of payment that may be elected by the Rehired Participant.


More Definitions of Rehired Participant

Rehired Participant means a Participant as defined in Section 4.3.
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Rehired Participant means a Participant who subsequent to Retirement or Layoff is rehired by the Company, ConocoPhillips, or any other subsidiary of ConocoPhillips and whose employment status is classified as regular full-time or its equivalent.
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Rehired Participant means any Participant who has incurred a Termination of Employment, and subsequently commences employment with an Employer.
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Rehired Participant. A former Participant whose employment with the Employer was terminated for any reason and who is rehired by the Employer shall re-enter the Plan immediately upon reemployment unless the former Participant makes a written election not to participate.
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Related to Rehired Participant

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Participant has the meaning specified in Section 10.06(d).

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Administrative employee means an employee who normally supervises persons engaged in office administration, construction, security or maintenance work who are represented by another trade union. This definition includes employees who share a community of interest with “supervisors”.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Other Participant means a cooperative project participant other than the United States.

  • Eligible employer means any municipality with a municipal

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Inactive Employee means an employee who is not actively at work due to approved leave of absence, short-term disability leave or military leave.

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.