Disability retirement for plan 1 members, means the period
Covered Employer means the City of Cambridge or a Beneficiary of Assistance.
Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.
Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.
Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.
Eligible employer means any municipality with a municipal
Safe Harbor Election has the meaning set forth in Section 10.2(d).
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.
Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.
Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.