Sentences with phrase «plan termination date»

For single - employer plans, the limit applies to new benefits and benefit increases added to the plan less than five years before the plan termination date or the bankruptcy filing date, as applicable.

Plan Termination Date (or Date of Plan Termination)- The date a single - employer defined benefit plan ends.

For participants already retired, the maximum guaranteed benefit is based, in part, on the retiree's age on the plan termination date or bankruptcy filing date, as applicable.

PBGC uses the plan termination date when calculating the present value of pension benefits owed to participants in a PBGC - trusteed single - employer plan.

PBGC normally pays a lump sum only if the total value of the benefit payable by PBGC is $ 5,000 or less at the plan termination date.

Estimated Benefit (for Single - Employer Plans only)- For a PBGC - trusteed single - employer plan, benefit payments made by PBGC or a plan administrator on or after the plan termination date and before PBGC determines the final benefit amount.

PBGC's single - employer plan guarantee applies only to benefits earned on or before the plan termination date or the bankruptcy filing date, as applicable.

Generally, the maximum guarantee for a single - employer defined benefit plan is fixed as of the plan termination date.

For a PBGC - trusteed single - employer plan, Due and Unpaid Employer Contributions (DUEC) are the unpaid amount of minimum funding contributions, with appropriate interest, that was due to the plan for the period before the plan termination date.

PBGC guarantees USERRA benefits, up to legal limits, even if the participant is reemployed after the plan termination date or bankruptcy filing date (to learn which date applies, see «Are there any special rules if my plan ends in bankruptcy?»

During the twelve months prior to the Fund's planned termination date, its yield will generally tend to move toward prevailing money market rates, and may be lower than the yields of the bonds previously held by the Fund and lower than prevailing yields for bonds in the market.»

Not exact matches

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and

The 1947 — 1948 Civil War in Mandatory Palestine lasted from 30 November 1947, the date of the United Nations General Assembly vote for the Part ition Plan for Palestine, [3] to the termination of the British Mandate itself on 14 May 1948.

ALBANY — Gov. Andrew Cuomo's administration pushed forward Wednesday with its plan to lay off up to 9,800 state workers, setting July 15 as the date for the first wave of terminations, according to a memo obtained by the Times Union.

Gov. Andrew Cuomo is pushing ahead with plans to lay off up to 9,800 workers by setting a date for the first wave of terminations: July 15.

The special enrollment period triggered by loss of coverage begins 60 days before your existing plan's termination date, so it's possible to get a new ACA - compliant plan without any gap in coverage.

The plan terminations will begin March 1, and will be effective as of the plan renewal date - so if your grandfathered Humana plan has a renewal date of August 1, you can keep your plan through the end of July.

This is especially important to understand if you have coverage under a short - term plan, as those policies have pre-determined termination dates, and as of 2017, they can't be more than 90 days in duration (that's likely to change with President Trump's October 2017 executive order).

\ nA renewable policy allows the policyowner to renew the coverage simply by paying additional premiums before the termination date without having to provide evidence of insurability (i.e. proving good health) Note: most insurance providers limit the number of times you can renew such a policy or set an age limit for renewals so make sure to pay attention to this when shopping for term life insurance if you plan on renewing your policy for some time.

The effective date of the new plan and the expiration or termination date of the old have to match up.

The decision maker of the recruiting service may state that they will approve the person as a foster carer on a specific date in the future, which could be planned to coincide with the termination of their existing approval at the expiry of the 28 day notice period.

He argued that the termination provision in the Professional Marketing Plan and Warranty conflicted with the expiry date in the listing agreement.

After 90 days have passed from the date of recording, and / or all challenges to the Plan have been resolved, the Termination Trustee sells the property and distributes the sales proceeds as instructed in the Termination Plan.