Current Participant means a Class Member who has an Active Account in one or both the Plans as of August 5, 2020.
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 means a member of the Settlement Class who had an Active Account as of the date the Preliminary Approval Order is entered by the Court.
Examples of Current Participant in a sentence
We have not included a claim form in your notice because Current Participants do not need to submit a claim form, and our records indicate that you are a Current Participant.
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 the Plan’s records, you are a Current Participant.
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.
In the event that the amount credited to an ASF Current Participant's Annuity Savings Fund account as of the Effective Date is less than such participant's Annuity Savings Fund Excess Amount, the ASF Current Participant will be treated as an ASF Distribution Recipient to the extent of the shortfall.
More Definitions of Current Participant
Current Participant means a member of the Settlement Class who has an Active Account, as defined above.
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 on September 30, 2020 had an Active Account balance.
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: The Net Settlement Amount shall be divided into two portions: (1) the Insperity Horizon Risk- Managed Funds Portion (“Horizon Funds Portion”) shall be ninety percent (90%) of the Net Settlement Amount; and (2) the Administrative and Investment Fee Portion (“Fee Portion”) shall be ten percent (10%) of the Net Settlement Amount. The Horizon Funds Portion will be allocated among Class Members as follows: a percentage of the Horizon Fund Portion that is the product of the sum of the participant’s quarter-ending account balances invested in the Insperity Horizon Risk-Managed Funds for each quarter from December 31, 2012 through March 31, 2017 divided by the sum of the quarter-ending balances of all Current and Authorized Former Participants in the Insperity Horizon Risk-Managed Funds for each quarter during that period. The Fee Portion will be allocated among Class Members as follows: a percentage of the Fee Portion that is the product of the participant’s quarter-ending account balances for each quarter from December 31, 2009 through March 31, 2019 divided by the sum of the overall quarter- ending balances of all Current and Authorized Former Participants for each quarter during that period. No amount shall be distributed to a Class Member that is ten dollars ($10.00) 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 xxx.Xxxxxxxxx000xxxxxxxxxxxxxxx.xxx. There are over 100,000 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 Current Participant or Authorized Former Participant.
Current Participant means a person who had an Active Account in the Plan during the Class Period and had a balance greater than $0 in the Plan as of March 31, 2019.
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 by the deadline), or (3) a Beneficiary or Alternate Payee of a person identified in (1) or (2). The Net Settlement Amount will be divided pro rata among Class Members based on each eligible Class Member’s Average Account Balance invested in the Plan during the Class Period. For purposes of making this determination, the Average Account Balance shall be calculated based on the quarter-ending account balance for each Authorized Former Participant and Current Participant for each quarter during the Class Period. Note that if you are an Alternate Payee pursuant to a Qualified Domestic Relations Order, your portion of the Settlement will be distributed pursuant to the terms of that order. The Net Settlement Amount will also depend on the amount of any Attorneys’ Fees and Costs, Administrative Expenses, and Class Representatives’ Compensation that are awarded by the Court, as these will be paid out of the Gross Settlement Amount of $10,000,000. Class Counsel will file a motion for an award of Attorneys’ Fees and Costs, Administrative Expenses, and Class Representatives’ Compensation at least 30 days prior to the objection deadline. This motion will be considered at the Fairness Hearing. Class Counsel will limit their application for Attorneys’ Fees to not more than one-third of the Gross Settlement Amount. Class Counsel also will seek to recover all actual and anticipated litigation costs and administrative expenses associated with the Settlement. In addition, Class Counsel will seek compensation for the Class Representatives of no more than $10,000 each. The Court will determine the amount of Attorneys’ Fees and Costs, Administrative Expenses, and Class Representatives’ Compensation that will be awarded, if any. All papers filed in this action, including Class Counsel’s motion for Attorneys’ Fees and Costs, Administrative Expenses, and Class Representatives’ Compensation, will be available for review via the Public Access to Court Electronic Records System (PACER), available online at xxxx://xxx.xxxxx.xxx.
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.