Vested Former Participant definition

Vested Former Participant means an employee who completed five (5) or more years of Credited Service at the time his employment with the Corporation or an Affiliate terminated or at the time he was removed, upon written notice by the Chief Executive Officer of the Corporation and with the approval of the Committee, from further participation in the Plan.
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Vested Former Participant means a former Participant who completed five (5) or more years of Vesting Service while he or she was a Participant.
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Vested Former Participant means a former participant who retains entitlement to normal retirement as provided in section 6.
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Examples of Vested Former Participant in a sentence

  • No Participant, Former Participant or Vested Former Participant shall be entitled to receive any part of the Contributions made by the City or payments required to be made by the Trust, in lieu of such benefits provided under the Plan as determined by the Trustees in accordance with the Trust.1:304.

  • Neither the City, nor any Participant, Former Participant or Vested Former Participant shall have any right to the return of any money properly paid into the Trust, except as otherwise specifically provided in this Trust, or to money improperly paid which has already been invested or distributed.

  • Notwithstanding Section 3.3(c) or Article VIII of this plan document, if a Participant, Vested Former Participant or Former Participant dies and no pension becomes payable on account of the death, the deceased's Accumulated Participant Contributions shall be paid to the Refund Beneficiary named in the most recent designation of Refund Beneficiary on file with the Plan Administrator, unless that beneficiary is deceased.

  • Commencing November 1, 1989, Credited Service shall be forfeited if an individual who is not a Vested Former Participant incurs a break in participation of more than sixty (60) consecutive months.

  • SECTION 3 ELIGIBILITY FOR BENEFITS 3.01 Each Participant or Vested Former Participant is eligible for an annual Retirement Benefit under this Plan upon Retirement, or upon Termination of Employment with the Corporation before Retirement after completing five (5) or more years of Credited Service.

  • A written request to the Plan Administrator by a Vested Former Participant to be paid Accumulated Participant Contributions shall result in forfeiture of Credited Service and all rights to any benefits of the DB Retirement Plan other than payment of the Accumulated Participant Contributions.

  • If the actuarial present value of a Vested Former Participant's deferred pension is less than $5,000 (or such other amount set forth in IRC Section 411(a)(11)(A)), the Vested Former Participant shall be paid the greater of the actuarial present value of the deferred pension and the amount of the Vested Former Participant's Accumulated Participant Contributions.

  • These concepts reflect our belief that all people should fully participate in the “culture’s construction of the good and the real” (Gergen, 1994, p.

  • The Accumulated Participant Contributions of a Vested Former Participant or a Participant on leave of absence from the City as a consequence of the entry into active duty with the Armed Forces of the United States shall be paid to the individual upon written request to the Plan Administrator.

  • A Participant or Vested Former Participant may elect to have pension payments made under any one of the forms of payment provided in this Article and name a Survivor Pension Beneficiary.


More Definitions of Vested Former Participant

Vested Former Participant means a former volunteer firefighter and Participant who has ten (10) or more years of incentive service as a volunteer firefighter for the City, but has not reached the requisite age requirement for commencement of benefits from the Plan.
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Vested Former Participant means a Former Participant who retains entitlement to normal or early retirement as provided in Article VI.
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Vested Former Participant means a former Participant who completed five (5) or more years of Vesting Service.
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Related to Vested Former Participant

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Participant has the meaning specified in Section 10.06(d).

  • Eligible employer means an employer that:

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Current Participant means a person who participated in the Plans during the Class Period and had an Active Account.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Single Allocation Platform;

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Participants is defined in Section 12.2.1.