Qualifying Person Sample Clauses

The 'Qualifying Person' clause defines the specific individuals or entities who meet certain criteria to be eligible for rights, benefits, or obligations under an agreement. Typically, this clause outlines the characteristics or requirements—such as residency, legal status, or professional qualifications—that a person or organization must satisfy to be considered a 'Qualifying Person.' For example, it may specify that only citizens of a particular country or licensed professionals in a certain field are eligible. The core function of this clause is to clearly delineate who is entitled to participate in or benefit from the contract, thereby preventing ambiguity and ensuring compliance with legal or regulatory requirements.
Qualifying Person. “Qualifying Person” shall mean and refer to either:
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Qualifying Person. “Qualifying Person” shall mean and refer to either: Tenant; Any equity interest owners of Tenant; Any equity interest owner in any of those persons set forth in Section 1.29.2 Any officer, director, manager, or employee in any of those persons set forth in Sections 1.29.1, 1.29.2, 1.29.3; and Any spouse, parent, child, sibling, aunt, uncle, ▇▇▇▇▇, nephew, cousin, grandchild, grandparent or any parent-in-law, son- or daughter-in-law, or brother- or sister-in-law or any person set forth in Section 1.29.4.
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Qualifying Person. 66 18.3 Claw-back of Tax benefit............................................................66
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Qualifying Person. The relevant Obligor will not have to pay any increased amount under clause 18.1 if the relevant Finance Party is not a Qualifying Person if and to the extent that it exceeds the amount which it would have had to pay if the relevant Finance Party had been a Qualifying Person.
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Qualifying Person. The qualifying person carries out his/her work and research programme within the framework agreed with the supervisors. If necessary, they are subject to the instructions or requirements of the funding bodies within the framework of an employment relationship or external funding. He/she is obliged to report regularly on the progress of the work and on the agreed qualification measures. This also includes reporting obstacles and delays.
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Related to Qualifying Person

  • Qualifying Period If a regular employee is promoted or transferred to a position, then that employee shall be considered a qualifying employee in her new position for a period of ninety (90) calendar days. If a regular employee is promoted or transferred to a position either within or outside the certification and is found to be unsatisfactory, she shall be returned to her previously held position. If a regular employee is promoted to a position, either within or outside the certification, and finds the position to be unsatisfactory, she shall be returned to her previously held position.

  • QUALIFYING USE The Applicant’s Qualified Property described in Section 3.3 qualifies for a tax limitation agreement under Section 313.024(b)(5) of the TEXAS TAX CODE as a renewable energy electric generation facility.

  • Disqualifying Disposition If the Participant disposes of Shares acquired upon exercise of this option within two years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this option, the Participant shall notify the Company in writing of such disposition.

  • Notice of Disqualifying Disposition If the Option is an Incentive Stock Option, I agree that I will promptly notify the Chief Financial Officer of the Company if I transfer any of the Shares within one (1) year from the date I exercise all or part of the Option or within two (2) years of the Date of Option Grant.

  • Notice of Disqualifying Disposition of ISO Shares If the Option granted to Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (1) the date two years after the Date of Grant, or (2) the date one year after the date of exercise, the Optionee shall immediately notify the Company in writing of such disposition. Optionee agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee.