Examples of Termination Benefit in a sentence

The payout shall not exceed the lesser of the Participant's Account Balance, calculated as if such Participant were receiving a Termination Benefit, or the amount reasonably needed to satisfy the Unforeseeable Financial Emergency.
Termination Benefit means the benefit payable to a Participant under the Plan following the Participant’s Separation from Service prior to Retirement.
A Participant who is entitled to receive a Termination Benefit shall receive payment of such benefit in a single lump sum.
Upon the Participant’s Separation from Service for reasons other than death or Retirement, he or she shall be entitled to a Termination Benefit.
Upon the Participant’s Separation from Service for reasons other than death, Disability or Retirement, he or she shall be entitled to a Termination Benefit.

More Definitions of Termination Benefit

Termination Benefit means the benefit set forth in Article 5 which shall be paid following a Participant’s Termination of Employment.

Termination Benefit means the benefit set forth in Section 7.3.

Termination Benefit means the benefit set forth in Section 6.2.

Termination Benefit means the benefit set forth in Article 7 of this Plan.

Termination Benefit means the termination benefit provided for in Section 7.2.

Termination Benefit means a benefit equal in amount to the balance of credits in the member’s Defined Benefit Supplement account that is payable to the member in a lump–sum when the member has terminated all employment to perform creditable service subject to coverage by the plan.

Termination Benefit means the lump sum amount payable to an Eligible Employee who ceases to be an Employee pursuant to Article 6.5.