Transferring Participant definition

Transferring Participant means a Participant in the Plan who is a current or former employee of the Company's specialty products business or a corporate office employee who is being hired by Zep Inc. in connection with the Spin-off.
Sample 1Sample 2Sample 3
Transferring Participant means a Participant who proposes to Transfer, or who Transfers, all or any part of its Participating Interest in accordance with this Agreement; and
Sample 1Sample 2
Transferring Participant has the meaning set forth in Section 4.4(a).
Sample 1

Examples of Transferring Participant in a sentence

  • Upon receipt by the Company of four (4) counterparts of this Transfer Supplement (to each of which is attached a fully completed Schedule I and Schedule II, and each of which has been executed by the Transferring Participant and by the Purchasing Participant), the Company will transmit to the Transferring Participant and the Purchasing Participant a transfer effective notice substantially in the form of Schedule III to this Transfer Supplement (a “Transfer Effective Notice”).

  • Effective upon receipt by the Transferring Participant of the Purchase Price from the Purchasing Participant, the Transferring Participant hereby irrevocably sells, assigns and transfers to the Purchasing Participant, without recourse, representation or warranty (express or implied) except as set forth in Section 5 hereof, and the Purchasing Participant hereby irrevocably purchases, takes and assumes from the Transferring Participant, the Transferring Participant’s Interests.

  • At or before 12:00 o’clock noon, local time at the Transferring Participant’s office specified in Schedule III, on the Transfer Effective Date, the Purchasing Participant shall pay to the Transferring Participant, in immediately available funds, an amount equal to the purchase price, as agreed upon between the Transferring Participant and the Purchasing Participant (the “Purchase Price”), for the Transferring Participant’s Interests.

  • All principal under the Participation Agreement that would otherwise be payable from and after the Transfer Effective Date to or for the account of the Transferring Participant in respect of the Transferring Participant’s Interests shall, instead, be payable to or for the account of the Purchasing Participant.

  • All principal payments, interest, fees and other amounts that would otherwise be payable from and after the Transfer Effective Date to or for the account of the Transferring Participant in respect of the Transferring Participant’s Interests shall, instead, be payable to or for the account of the Purchasing Participant.

  • The term Transferring Participant shall have the meaning ascribed thereto in Section 2.9.2.1 hereof.

  • Any tax imposed on the Transfer of the Transferring Participant’s Participating Interest (and the Joint Venture Property, if the Transferring Participant is the Operator) will be borne by the Transferring Participant.

  • If the Transferring Participant does not sell the Offered Interests to either the Participant Transferee or the other Participants in accordance with the terms set forth in the Transfer Notice within such forty-five (45) day period, any subsequent offer of the Offered Interests shall again be subject to this Section.

  • The closing may occur earlier, and shall be held at a location mutually agreed upon by the Transferring Participant and the Participant purchasers.

  • Each of the other Participants shall be entitled to elect to purchase that portion of the Offered Interests that bears the same ratio to the Offered Interests as such other Participant's Participant Percentage bears to the Participant Percentages of all other Participants, not including the Participant Percentage of the Transferring Participant.


More Definitions of Transferring Participant

Transferring Participant means a transferring non-retired participant or a transferring pensioner;
Sample 1
Transferring Participant means any Participant transferring a Participating Interest under this agreement (whether voluntary or otherwise). Unanimous Consent means any decision made, voted, resolved or passed at any time with the prior consent of:
Sample 1
Transferring Participant means employer, self-employed participant, employee member or deferred member who participated in the Merging Scheme immediately before the Merger." (as inserted by DOV 18.05.2016) CONTRIBUTIONS
Sample 1

Related to Transferring Participant

  • Transferring Employee means an employee at the airport who timely transfers to the regional authority by the transfer date.

  • Transferring Party has the meaning given such term in Section 5.2(b).

  • Requesting Participant means a Participant initiating an RFQ.

  • Transferring Member has the meaning set forth in Section 9.4.

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

  • Other Participant means a cooperative project participant other than the United States.

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

  • 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).

  • Transferring Stockholder has the meaning assigned to such term in Section 3.4(a).

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Study Participant means a person recruited to participate in the Study.

  • Transferring Shareholder has the meaning set forth in Section 5.2(a).

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

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

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

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

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

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Participating Stockholder means a “Participating Stockholder” under the HBB Stockholders’ Agreement, HY Stockholders’ Agreement and NACCO Stockholders’ Agreement, to the extent the Partnership owns HBB Class B Shares, HY Class B Shares or NACCO Class B Shares. A Partner shall cease to be a Participating Stockholder under this Agreement and shall be deemed to be a Former Partner immediately prior to any event or lapse of time that causes such Partner to no longer be a “Participating Stockholder” under such applicable stockholders’ agreements.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • 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.

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.