Retirement Election Period definition

Retirement Election Period means, with respect to any Participant, the 90-day period that ends on his or her Annuity Starting Date.
Sample 1Sample 2Sample 3
Retirement Election Period. 6.2 "Top-heavy Group" 7.2 -13-
Sample 1

Examples of Retirement Election Period in a sentence

  • Note that, interfaces should represent all the constraints about the environment that are relevant to the behavior of interest, i.e., the interfaces should provide all the information about the environment that is necessaryto verify the behavior.

  • If not previously provided to the Participant, the Committee shall provide him with such explanation within 30 days of his request by one of the methods described in paragraph (1) or (2) above, and the Participant's Retirement Election Period shall be extended, if necessary, to include the 90th day next following the date on which he receives such explanation.

  • Such elections shall be effective upon receipt by the Plan Committee, which shall not be later than the last day of a Participant's Retirement Election Period.

  • A Participant's "Retirement Election Period" with respect to the revocation of the Single Life Annuity or Joint and Survivor Annuity means the 90-day period ending on his Annuity Starting Date, except as otherwise provided by Code section 417(a)(7).

  • Any elections permitted during the Retirement Election Period shall be made, in writing, on forms acceptable to the Plan Committee.

  • A Participant may rescind any prior revocation of the Single Life Annuity or Joint and Survivor Annuity form at any time during the applicable Retirement Election Period.

  • A Participant's elections hereunder shall become irrevocable as of the last day of his or her Retirement Election Period.

  • The terms "Restoration Benefit," "Retirement Election Period," "Cause," "Adverse Determination," and "Death Benefit" shall have the respective meanings set forth below.

  • The term "Retirement Election Period" shall mean the 180-day period prior to the Participant’s Benefit Commencement Date as determined under Section 4.2 of the Plan.

  • A Participant may revoke payment in the Single Life Annuity or Joint and Survivor Annuity form and elect an optional form of benefit payment (as described below) by filing a written election with the Committee during the applicable Retirement Election Period (as described below) in such form as the Committee shall require.

Related to Retirement Election Period

  • Payment Election means an election pursuant to Section 5.1.

  • 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

  • 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.

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • 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.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

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

  • Plan Year means the calendar year.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • 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.

  • 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.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • 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.

  • Retirement Age means the earlier to occur of:

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • 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.

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