Current Participant definition

Current Participant as defined on page 1, or (2) an “Authorized Former Participant” (a “Former Participant” as defined on page 1 who submitted a completed, satisfactory Former Participant Claim Form that is postmarked by the deadline), or (3) a beneficiary, alternate payee, or attorney-in-fact of persons identified in (1) or (2). The Plan of Allocation will allocate the Net Settlement Fund among Current and Authorized Former Participants as follows:
Current Participant as defined on page 1 or (2) an “Authorized Former Participant” (a “Former Participant” as defined on page 1 who submitted a completed, satisfactory Former Participant Claim Form that is postmarked by the deadline), or (3) a beneficiary, alternate payee, or attorney-in-fact of persons identified in (1) or (2). The Net Settlement Amount will be divided into three portions based on the alleged damages: (1) 47% to the Money Market Fund Portion (“MMF Portion”); (2) 47% to the Recordkeeping and Investment Fee Portion (“Fee Portion”); and (3) 6% to the Principal Diversified Real Asset Fund Portion (“Principal Fund Portion”). The MMF Portion will be allocated among Class Members during the Class Period as follows: a percentage of the MMF Portion that is the product of the sum of the participant’s quarter-ending account balances invested in the MMF for each quarter during the Class Period divided by the sum of quarter-ending net asset value of the MMF for each quarter during the Class Period. The Fee Allocation will be allocated among Class Members during the Class Period as follows: a percentage of Fee Portion that is the product of the sum of the participant’s quarter-ending total account balances for each quarter during the Class Period divided by the sum of the quarter-ending net asset value of the Plan for each quarter during the Class Period. The Principal Fund Portion will be allocated among Class Members during the Class Period as follows: a percentage of the Principal Fund Portion that is the product of the sum of the participant’s quarter-ending account balances invested in the Principal Fund for each quarter during the Class Period divided by the sum of the quarter- ending net asset value of the Principal Fund for each quarter during the Class Period. No amount shall be distributed to a Class Member that is five dollars ($5.00) or less, because such an amount is de minimis and would cost more in processing than its value. The method of making these calculations is described in the Plan of Allocation, found in Article 6 of the Settlement Agreement and available at [WEBSITE]. There are approximately 50,000 Class Members. Note that if you are an alternate payee pursuant to a Qualified Domestic Relations Order, you will receive a check if and to the extent you are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under the Settlement Agreement in accordance with the plan of allocation as if you are a Curre...
Current Participant means a person who participated in the Plan during the Class Period and on September 30, 2020 had an Active Account balance.

Examples of Current Participant in a sentence

  • For each Zero Account Balance Current Participant, the Settlement Administrator shall issue a check from the Qualified Settlement Fund and mail the check to the address of the Zero Account Balance Current Participant then on file.

  • For each Current Participant who has an account balance of zero as of the date the settlement payments are made, the Settlement Administrator shall issue a check from the Qualified Settlement Fund and mail the check to the address of the Current Participant then on file with the recordkeeper for the Plan.

  • A Current Participant who has an account balance of zero as of the date the settlement payments are made need not complete a Former Participant Claim Form.

  • Whether you need to submit a claim form to receive your distribution depends on whether you are considered a “Current Participant” or a “Former Participant.” According to our records, you are a Current Participant.

  • Records indicate that you are or may be a Current Participant, Former Participant, Beneficiary or Alternate Payee of a Participant or Former Participant, of the Plan at any time on or after January 21, 2016, through and including [INSERT PRELIMINARY APPROVAL DATE] (the “Class Period”).1 You are receiving this Notice because you have a right to know about the proposed settlement of a class action lawsuit in which you are potentially a Class Member before the Court decides whether to approve the Settlement.


More Definitions of Current Participant

Current Participant means any ICSD employee represented by ITA who, on or before June 30, 2019: (a) is unmarried; (b) is a participant in the ICSD’s dental and/or vision plan(s); (c) has a same-sex, domestic partner who is also covered by said dental and/or vision plan(s) subject to the terms and conditions required for such coverage. In the future, if such same-sex domestic partnership ends with that individual, then the employee would be subject to the terms and conditions then in effect for “family” coverage.
Current Participant means a person who participated in the Plan during the Class Period and had an Active Account as of June 30, 2019.
Current Participant means a Participant who, for the calendar year, has elected, in accordance with Section 5 below, to participate in the Program and is, therefore, subject to mandatory payment of a portion of his or her compensation for the calendar year by grant of Stock Units under the Program.
Current Participant means a member of the Settlement Class who has an Active Account, as defined above.
Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.
Current Participant means a Class Member who has an Active Account in one or
Current Participant means a Settlement Class Member who had an Active Account as of September 1, 2020.