Examples of Total Disability Date in a sentence
As used in this Agreement, the term "Total Disability" refers to a condition resulting from injury or illness to the Employee Shareholder which prevents the Employee Shareholder from performing the duties he or she has previously performed, and could be reasonably expected to perform on behalf of the Company, for a period of 365 consecutive days (the "Disability Period"), and Total Disability shall be deemed to occur on the first day following the initial 365 day period (the "Total Disability Date").
Notwithstanding the foregoing, if, and only if, a Participant's balance in his Accounts is less than $100,000 on his Termination of Employment or Total Disability Date, then the entire balance shall be paid in a single lump-sum as soon as administratively feasible, but in no event later than ninety (90) days after such date.
Total Disability Date of Termination Date of Termination Immediate vesting & 12 months to exercise Continue up to 12 months or COBRA; accrued and unused vacation days through date of termination are paid.
The initial total disability benefit of a Participant who retires at a Total Disability Date shall be the amount described below for him less the amount of Employer - paid long-term disability benefits, based upon the greater of his rate of Compensation for the calendar year in which his Total Disability occurs or the average rate of Compensation for the three consecutive calendar years ending immediately before the calendar year in which his Total Disability occurs.
A Continuing Participant’s Supplemental Defined Benefit shall be paid in cash in three equal installment payments, which in the aggregate, are the Actuarial Equivalent of the Supplemental Defined Benefit as of the Continuing Participant’s Total Disability Date, provided the Continuing Participant has remained Totally Disabled through the first date of payment.
The Plan benefit of a Participant who terminated employment due to a Total Disability and has reached his Total Disability Date shall be equal to one hundred percent (100%) of the balance of his Account.
The first annual installment shall be paid as soon as administratively possible, but in no event later than ninety (90) days following the Participant's Termination of Employment or his Total Disability Date, and subsequent annual installments shall be paid on the anniversary of the initial payment.
Upon a Participant's Termination of Employment or his Total Disability Date, his vested Accounts shall be distributed in five (5) annual installments as provided in Subsection 9.1(b).
The vested retirement benefit, if any, payable to a Group A Participant who terminates employment before his Early Retirement Date or Total Disability Date shall be the greater of (a) the amount set forth in his Agreement or (b) the amount determined under Section 3.1.1, and shall be paid beginning on the Participant's Deferred Vested Benefit Date.
The vested retirement benefit, if any, payable to a Group B Participant, a Group C Participant or a Group D Participant, who terminates employment before his Early Retirement Date or Total Disability Date, shall be paid beginning on or after the Participant's first possible Early Retirement Date and by his Normal Retirement Date, as elected by the Participant.