Covered Class definition

Covered Class means the class consisting of each Employee who (a) is regularly employed by Arrow at a Berks County, Pennsylvania plant, or by any Participating Company at a designated plant; (b) receives compensation from the Participating Company, on a stated hourly basis other than a pension, severance pay, retainer or fee under a contract, and who is not paid on an hourly or piecework basis; (c) is not covered by a collective bargaining agreement, unless such agreement specifically provides for participation hereunder; and (d) is not covered by another qualified defined benefit pension plan to which the Participating Company makes contributions. An Employee who is such solely by reason of being a leased employee within the meaning of section 414(n) or 414(o) of the Code shall not be in the Covered Class. The determination of whether an Employee is in the Covered Class shall be made by the Benefits Group on a uniform basis consistent with the intent expressed hereunder.

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Covered Class means a class of Employees defined as eligible under the Policy. Covered Classes are shown in the Schedule of Benefits.

Covered Class means the class(es) identified on the Application and Schedule of Benefits.

Examples of Covered Class in a sentence

In the event the ACS Group Subclass A-1 Securities or any other Covered Class A Securities are redeemed in full, the Policy shall be surrendered to the Policy Provider for cancellation.
Any such nomination or act of voting shall not in and of itself be deemed a Transfer of any Covered Class B Stock, a Third Party Conversion Triggering Event or an Additional Conversion Triggering Event, nor shall ▇▇.
Each certificate (or book-entry share) evidencing Covered Class B Stock shall bear a restrictive legend substantially to the effect of the following (or appropriate comparable notations with respect to book-entry shares): THE SECURITIES REPRESENTED BY THIS INSTRUMENT ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND VOTING SET FORTH IN A SECOND AMENDED AND RESTATED GOVERNANCE AGREEMENT, DATED AS OF APRIL 15, 2019, BETWEEN EXPEDIA GROUP, INC.
In connection with such payment, the Uncovered Class D-1 Investor Interest shall be reduced by the amount of such payments and the Covered Class D-1 Investor Interest shall be increased by the amount of such payments.
Settlement Class Members’ challenges to their dates of employment for the Covered Class Workweeks or for the Covered PAGA Pay Periods listed on the Class Notice shall be sent directly to the Settlement Administrator at the address indicated on the Class Notice.
In connection with such deemed transfer, the Covered Class D-1 Investor Interest shall be reduced by the amount of such payments and the Uncovered Class D-1 Investor Interest shall be increased by the amount of such payments.
If such reduction would cause the Uncovered Class D-1 Investor Interest to be a negative number, the Uncovered Class D-1 Investor Interest will be reduced to zero, and the Covered Class D-1 Investor Interest will be reduced by the amount by which the Uncovered Class D-1 Investor Interest would have been reduced below zero (but for the proviso in the definition thereof).
If any Reimbursement Amount remains after reimbursing the Covered Class D-1 Investor Interest, the Uncovered Class D-1 Investor Interest will be increased by the amount of such remaining Reimbursement Amount, but not in excess of any unreimbursed Class D-1 Reduction Amount allocated to the Uncovered Class D-1 Investor Interest.
The subordination provisions contained in Section 3.08, Section 3.09 and Article X hereof may not be amended or modified without the consent of the Policy Provider (so long as any subclass of Covered Class A Securities remain outstanding or any Policy Provider Obligations remain due and owing), each provider of an Eligible Credit Facility, each Hedge Provider, each Holder of the subclass of Securities affected thereby and each Holder of any subclass of Securities ranking senior thereto.
Settlement Class Members will have the right to challenge only their dates of employment for the Covered Class Workweeks or for the Covered PAGA Pay Periods as shown on the Class Notice.

More Definitions of Covered Class

Covered Class means the class consisting of each Employee who (a) is either (i) regularly employed by Arrow at its North Carolina plant; (ii) regularly employed by Arrow at its New Jersey plant; (iii) regularly employed by Arrow at its Massachusetts plant, or (iv) regularly employed by a Participating Company at a designated plant, if any; (b) receives compensation from a Participating Company on a stated hourly basis, other than a pension, severance pay, retainer or fee under a contract; (c) is not covered by a collective bargaining agreement, unless such agreement specifically provides for participation hereunder; and (d) is not covered by another qualified defined benefit pension plan to which a Participating Company makes contributions. An Employee who is such solely by reason of being a leased employee within the meaning of section 414(n) or 414(o) of the Code shall not be in the Covered Class. The determination of whether an Employee is in the Covered Class shall be made by the Benefits Group on a uniform basis consistent with the intent expressed hereunder.

Covered Class means the class consisting of each Employee who (a) is employed by a Participating Company, and (b) is not covered by a collective bargaining agreement, unless such agreement specifically provides for participation hereunder, and (c) is not covered by another qualified defined benefit pension plan to which the Participating Company makes contributions. An Employee who is such solely by reason of being a leased employee shall not be in the Covered Class.