Participating Unit means a retirement system that elects to come under the provisions of section 6.
Participating Unit means, with respect to any Distribution (or other allocation of proceeds) pursuant to Section 4.1(b) or (c) hereof, any Unit, other than (a) LTIP Units and (b) any Employee Incentive Unit that is not a Participating Employee Unit.
Participating Unit shall have the meaning specified in Section 4.03.
Examples of Participating Unit in a sentence
In the event of withdrawal by any Participating Unit, this Agreement will continue in full force and effect for all remaining Participating Units.
Each Participating Unit shall maintain adequate liability insurance, the minimum limits of which shall be $1 million.
Additionally, the Requesting Unit agrees to hold harmless a Participating Unit in the event of any lawsuit arising out of such assistance.
Said rights, benefits and compensation shall be paid by the Participating Unit and not by the Requesting Unit.
Each Participating Unit shall be individually responsible for providing adequate benefits, coverage and compensation for its members.
More Definitions of Participating Unit
Participating Unit means, in addition to Rayonier Inc., any subsidiary or affiliated company of Rayonier Inc., any designated location(s) only of such subsidiary or affiliated company or any designated unit(s) only of such subsidiary, or affiliated company which has by appropriate action of the Board of Directors been designated as a Participating Unit and the board of directors of any such subsidiary or affiliated company shall have taken appropriate action to adopt the Plan. The Board of Directors shall take action (i) to designate such entity as a Participating Unit, (ii) to 14/168 5 determine that such persons are Employees, and (iii) to establish, by written amendment of the Plan, the terms and conditions under which such Employees are to be included in the Plan.If a group of persons is transferred to or assigned to a Participating Unit or is hired by a Participating Unit as the result of the opening or purchase of a plant or the merger of one unit into another, such persons shall not be deemed to be Employees for purposes of the Plan until further action by the Board of Directors, by written amendment of the Plan, including the determination that such persons are Employees for purposes of the Plan, and the establishment of the terms and conditions under which such Employees are to be included in the Plan.To the extent that the Board of Directors shall have authorized and established the basis for recognition under the Plan of service with a predecessor corporation(s), if any, reference in this Plan to service with a Participating Unit shall include service with the predecessor corporation(s) of such Participating Unit, provided that all or part of the business and assets of any such corporation shall have been acquired by Rayonier Inc. or by a Participating Unit.
Participating Unit means, with respect to any Distribution pursuant to Section 4.1(b), a Class A Common Unit and/or a Participating Class B Common Unit.
Participating Unit means a maritime, land or aerial unit under the responsibility of the host Member State or of a participating Member State that takes part in a sea operation;
Participating Unit means, with respect to any Distribution (or other allocation of proceeds) pursuant to Section 4.1(b) or Section 4.1(c) hereof, any Class A Common Unit.
Participating Unit means a maritime or aerial unit of the host Member State or of a participating Member State;
Participating Unit means, with respect to any Distribution (or other allocation of proceeds) pursuant to Section 4.01(a) or Section 4.02, any outstanding Unit (which includes, for the avoidance of doubt, the Earnout Company Units), but shall exclude any Restricted Common Units prior to their conversion into Common Units upon the occurrence of a Vesting Event, if any.
Participating Unit means a maritime, land or aerial unit under the responsibility of the host Member State or of a participating Member State that according to national and international law has the authority to take the measures foreseen by this Regulationtakes part in a sea operation;