Adopting Employer definition

Adopting Employer means a state or political subdivision thereof that adopts this Plan by completing and executing an Adoption Agreement, which may include a joint powers agreement.

Adopting Employer means the Executive Branch of the Federal Government. Adopting Employer also means an Employer that signs an adoption agreement, accepted by OPM, to participate in this Plan. An Employer remains an Adopting Employer until the Plan terminates, the Adopting Employer withdraws from the Plan, or OPM terminates the Adopting Employer’s participation in the Plan.

Adopting Employer means an eligible employer under §457(e) of the Code and Article XII herein which elects to adopt this plan on behalf of its employees through execution of an adoption agreement with the County of Kern.

Examples of Adopting Employer in a sentence

• Participants in the Plan shall have the status of general unsecured creditors of the Company or the Adopting Employer, as applicable.

• Participating Employer means the Company and each Adopting Employer.

• Adopting Employer means an Affiliate who, with the consent of the Company, has adopted the Plan for the benefit of its eligible employees.

• Any amounts set aside to defray the liabilities assumed by the Company or an Adopting Employer will remain the general assets of the Company or the Adopting Employer and shall remain subject to the claims of the Company’s or the Adopting Employer’s creditors until such amounts are distributed to the Participants.

• Transfer of employment, without interruption, between an Adopting Employer and another Adopting Employer or the Employer shall not be considered an interruption of service.

More Definitions of Adopting Employer

Adopting Employer means (a) any business entity in which the Company owns a majority interest upon the Effective Date or (b) any other business entity, which, following the Effective Date, is authorized by the Board to adopt the Plan.

Adopting Employer means an Affiliate who, with the consent of the Company, has adopted the Plan for the benefit of its Executives.

Adopting Employer means the entity which executes an Adoption Agreement to establish a Plan. The Adopting Employer can be a corporation (Subchapter C or Subchapter S), a partnership (general or limited), a limited liability corporation, a sole proprietorship, a governmental entity, or an organization which is exempt from tax under Subtitle A of the Code.

Adopting Employer means any business organization or corporation affiliated with the Sponsor through ownership by the Sponsor which is authorized by the Board of Directors of the Sponsor to adopt the Plan, and which subsequently adopts the Plan in writing.

Adopting Employer means any entity which adopts this Plan with the consent of the Sponsoring Employer. In addition to all other terms and conditions in the Plan, Adopting Employers will be, and must comply with, the terms and conditions set forth in Article 10. If the Plan is utilizing a standardized Adoption Agreement, then any Affiliated Employer is automatically considered to be an Adopting Employer. If the Plan is utilizing a non-standardized Adoption Agreement, then an Affiliated Employer is not considered an Adopting Employer unless such Affiliated Employer has specifically adopted the Plan.

Adopting Employer means a corporation that has adopted the Plan for the benefit of its eligible employees pursuant to Section 1.5.

Adopting Employer means the entity that adopts this Plan by completing and executing an Adoption Agreement, which may include a joint powers agreement.