Retirement Distribution Option definition

Retirement Distribution Option means the Distribution Option pursuant to which benefits are payable in accordance with Section 7.1.
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Retirement Distribution Option means the Distribution Option pursuant to which benefits are payable in accordance with Section 6.5.
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Examples of Retirement Distribution Option in a sentence

  • Benefits under the Retirement Distribution Option shall be paid to a Participant as follows.

  • Any deferrals to be paid in accordance with the Retirement Distribution Option shall be maintained in the Retirement Distribution Account.

  • The Eligible Employee may elect that deferrals be paid either in accordance with the Retirement Distribution Option, or the In-Service Distribution Option.

  • For Plan Years ending on or before December 31, 2006, “Bonus Compensation Deferral” meant that portion of Bonus Compensation to which an Eligible Employee made an annual irrevocable election to defer receipt of until the date specified under the In-Service Distribution Option and/or the Retirement Distribution Option.

  • In the Enrollment Agreement filed with the Committee prior to the beginning of each Plan Year or Distribution Option Period, an Eligible Employee shall irrevocably allocate his deferrals and Matching Contributions between the Retirement Distribution Option and the Flexible Distribution Option in increments of ten (10) percent; provided, however that an Eligible Employee may allocate 100 percent of his deferrals and Matching Contributions to one or the other of the two Distribution Options.

  • For Plan Years ending on or before December 31, 2006, “Base Salary Deferral” meant that portion of the Base Salary which an Eligible Employee made an annual irrevocable election to defer receipt of until the date specified under the In-Service Distribution Option and/or the Retirement Distribution Option.

  • For Plan Years beginning on or after January 1, 2007, “Retirement Distribution Account” means the Account maintained for a Participant for each Plan Year to which the Company Matching Contributions, Base Salary and/or Bonus Compensation deferred by a Participant pursuant to the Retirement Distribution Option are credited.

  • Long-Term Incentive Program as to which an Eligible Employee has made an irrevocable election, prior to the end of the second fiscal year within the performance period attributable to such award, or such other time as determined by the Committee, to defer receipt of until the date specified under the In-Service Distribution Option and/or the Retirement Distribution Option.

  • In each Enrollment Agreement, the Participant shall allocate his or her Base Salary Deferral and/or Bonus Compensation Deferral (and related Matching Contributions) for the Plan Year between the Distribution Options described in Section 5.2 ( i.e., Retirement Distribution Option or In-Service Distribution Option) in increments of one percent, provided, however that 100 percent of such deferrals and Matching Contributions may be allocated to one or the other of the Distribution Options.

  • Distribution Option" means the two distribution options which are available under the Plan, consisting of the Retirement Distribution Option and the In-Service Distribution Option.

Related to Retirement Distribution Option

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Distribution Date.

  • Compensation Options has the meaning ascribed thereto on the face page of this Agreement;

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

  • Retirement fund means the "Washington law enforcement

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Pre-Distribution Period means any Tax Period ending on or before the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Distribution Date.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Car sharing period means the period of time that:

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Current Distribution Date means a Distribution Date specified as a reference date for calculating the Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

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

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Income Distribution shall be calculated as set forth in subparagraph (A), below, unless the Prospectus provides for the averaging of income distributions, in which case, "Income Distribution" shall be shall be calculated as set forth in subparagraph (B), below. Accordingly, the Unitholder's "Income Distribution" shall be equal to: