Examples of Termination from Service Date in a sentence
A Lapse in Apache Employment means the period commencing on an individual’s Termination from Service Date and ending on the date he again begins to perform services as an Employee.
Once his or her Termination from Service Date has been determined, the Committee shall determine his or her vested percentage.
If, upon a Participant's Termination from Service Date, or on an annual basis thereafter, or at the time of any distribution from the Plan, the Participant's vested Account Value is not in excess of five thousand dollars ($5,000) (or such greater amount as permitted under the Code), the Plan, to the extent permitted by law and applicable regulations, shall make a single lump sum payment to the Participant or Beneficiary entitled to such benefit.
Once his Termination from Service Date has been determined, the Committee shall determine his vested percentage.
A Participant may elect, subject to the Spouse’s consent as provided in Section 8.7, a Beneficiary other than the Spouse by filing an election with the Plan Administrator at any time within the period beginning on the earlier of: (i) the first day of the Plan Year in which the Participant attains age 35 (or becomes a Participant, if later); or (ii) a vested Participant’s Termination from Service Date; and ending on the Participant’s death.
A Period of Service shall also include the period between an Employee's Termination from Service Date and his or her Reemployment Commencement Date if the Employee does not incur a one-year Lapse in Apache Employment between such dates; however, the period between the first and second anniversaries of an Employee's absence from work because of parental leave (as explained in paragraph 1.44(b)(i)) shall not be included in the Employee's Period of Service.
Notwithstanding anything in Section 3.2(b) to the contrary, the Retirement Benefit of a Participant (x) who incurs a Termination from Service Date pursuant to Section 3.2(a) and (y) whose Benefit Starting Date is deferred pursuant to Section 4.2(c)(ii), shall be an amount equal to the Actuarial Equivalent of the Retirement Benefit determined in accordance with Section 3.2(b).
If the Retirement Benefit is paid in an Actuarially Equivalent Lump Sum, then the payment shall be made on the first day of the seventh calendar month in which the Termination from Service Date occurs and shall include interest for the period from the Benefit Starting Date to the payment date at the rate used to determine Actuarial Equivalence.
Periods of Service shall not include any period following a Participant's Termination from Service Date solely because of a severance payment of payments made to an individual with respect to his or her termination of employment.
The vested Account balance of any Participant whose Termination from Service (“separation from service” as defined Code Section 409A) occurs on or after January 1, 2005 shall be paid in a lump sum no later than thirty [30] days after later of (a) the date that is six (6) months following the Participant’s Termination from Service Date; or (b) the January 1 next following the Participant’s Termination from Service Date.