20% Director definition

20% Director means a director of any of the Employers who either alone or together with his spouse and minor children is or becomes or at any time within three years of the specified Normal Retirement Age or earlier retirement or leaving service was the beneficial owner of shares which when added to any shares held by the trustees of any settlement to which the Director or his spouse has transferred assets, carry or carried more than 20% of the voting rights of that one of the Employers relevant to the Director or in a company which controls that one of the Employers.

20% Director means someone who directly or indirectly at any time in the last 3 years owned or controlled more than 20% of the voting rights in the employer company, or in the parent company of the employer company.

20% Director means an individual who, either alone or together with his spouse and minor children, is or was within three years before withdrawal from service of the Employer, the beneficial owner of share which, when added to any shares held by the Trustees or any settlement to which the Director or his spouse had transferred assets carry more that 20% of the voting rights in the Employer or in a company which controls the Employer.

Examples of 20% Director in a sentence

• Bainbridge, Unocal at 20: Director Primacy in Corporate Takeovers, 31 DEL.

• Bainbridge, Unocal at 20: Director Primacy in Corporate Takeovers, 31 Del.

• In addition 15 to these monthly reporting requirements, at any time the 16 Commission makes a written request, the Director must 17 promptly, but in no event later than 5 business days after 18 receipt of the request, provide to the Commission any 19 additional requested information in the possession of the 20 Director concerning employee benefits programs.

• Demographics assumptions take in to account mortality factor as per LIC (1994-96) ultimate criteria, employees turnover at FS 20%, GS 20%, Director, MS, OS-12% and SM, APP 6% normal retirement age at 58.

• No employee of any of the Employers who is or has been a 20% Director shall be eligible for membership of the Scheme.

• SharonDate: , 20 Date: , 20 Director, Advance Pricing Agreement ProgramAPPENDIX A COVERED TRANSACTIONS AND TRANSFER PRICING METHOD (TPM) 1.

• By signing the stipulation, Respondent understands and agrees 19 that he may not withdraw his agreement or seek to rescind the stipulation prior to the time the 20 Director considers and acts upon it.

• CMC7/26 19 Dee Recker; announcement of release of minister; classis Holland; T.D. Kauffman sent to churches 6/29 20 Director of Race Relations - re All Nations Heritage Week Sept 27 to Oct 3, 2010 SC Rept7/10 21 Faith in Action classis report agenda7/13 22 Gerald Dykstra; exec.

• Unless otherwise specified, the tenderers are to deposit the tenders in the tender box of Budget & Planning Section in Room No. 20 Director Office, Pt B D Sharma, PGIMS, Rohtak kept for this purpose.

• This makes it much easier to format an article as you write and easier again if you are asked to change the formatting later.

More Definitions of 20% Director

20% Director means someone who directly or indirectly at any time in the last three years owned or controlled more than 20% of the voting rights in the employer company, or in the parent company of the employer company. The following restrictions apply to 20% directors Continuity of service in company re-organisations: Where an individual is a 20% director prior to and subsequent to a company re-organisation, continuation of service for pension purposes will only be accepted where a claim has been admitted under section 400 TCA, which deals with company reconstructions without change of ownership. See Chapter 13.11 for further details. Early retirement: Generally, where early retirement benefits are taken, all links with the business must be severed, including the disposal of shares in the company (see Chapter 9.6). Final remuneration: Although 20% directors may be paid dividends from their companies, only income taxed under Schedule E is eligible for inclusion as “final remuneration” for pension calculation purposes. The calculation of final remuneration is the average of the total emoluments for any three or more consecutive years ending not earlier than ten years before the relevant date.Revenue will permit dynamised final remuneration provided that the amount of the non-commutable pension payable or remaining payable or payable before the application of rules permitting commutation of the whole of the benefits to the director is not less than two-thirds of the annuity equivalent of all retirement benefits payable to the director (or to which he is entitled) under all schemes of the employer at the time any lump sum benefits are to be paid to him under the rules. Ill-health: (see Chapter 7.5) Where full commutation of a pension is sought, the prior approval of Revenue should be obtained. Investment company: A 20% director cannot be accepted into membership of an approved scheme for that employment. See Chapter 2.5 for further details Lump sum benefits on death: If a 20% director dies in service before normal retirement age, the remuneration may be taken as the rate payable at the time of death, provided it can be verified. (See Chapter 10.1 for further details.) Normal retirement age (NRA): The NRA for 20% directors must be between ages 60 and 70 years. (See Chapter 6.7 for further details.) Refund of contributions: The option to take a refund of contributions in lieu of other benefits on leaving service is not available to 20% directors.

20% Director means any director of the Employer who, either alone or together with his spouse and minor children, is or becomes or at any time within three years of Normal Retirement Age or earlier retirement or leaving service was the beneficial owner of shares which, when added to any shares held by the trustees of any settlement to which the director or his spouse had transferred assets, carry or carried more than 20% of the voting rights in the Employer providing the benefits or in a company which controls the Employer.

20% Director means a Member who at any time after 16th March 1987 and within 10 years before leaving Service is both a director of an Employer and within section 417(5)(b) of the Taxes Act.

20% Director means an individual who, either alone or together with his spouse and minor children, is or was within three years before withdrawal from service of the Employer, the beneficial owner of a shareholding which,