DCPF Participant definition

DCPF Participant means each Eligible Employee covered under the Defined Contribution Pension Formula. A DCPF Participant includes a Management DCPF Participant, a Local 3 Employee, Local 503, and a Local 1-2 Employee covered under the Defined Contribution Pension Formula.
Sample 1

Examples of DCPF Participant in a sentence

  • In the case of a DCPF Participant, the amount of DCPF Contributions for a Plan Year will be equal to (a) the contribution amount that would have been credited to a DCPF Participant under the DCPF if (i) the Thrift Savings Plan included such DCPF Participant’s Annual Incentive Award in determining the contribution, and (ii) there was no Statutory Compensation Limit in effect, minus (b) the amount actually credited to a DCPF Participant under the Thrift Savings Plan.

  • Amendment Number 5 Effective January 1, 2017, the amount of any Annual Variable Pay Award to be counted and included in the Employer Compensation Credit for a Management DCPF Participant has been increased from 25% to 36% of the Management DCPF Participant’s rate of base annual salary or pay in effect as of December 31st of the Plan Year prior to the Plan Year in which the Annual Variable Pay Award is paid.

  • Effective January 1, 2017, the Company will establish a separate Defined Contribution Pension Account for each Management DCPF Participant, including each such person rehired, reemployed, reinstated, returning after a break to or otherwise on the active payroll on or after January 1, 2017, and each Management Employee who exercised his or her Pension Choice in favor of participating in the DCPF (each a “Management DCPF Participant”).

  • Participant may also include a DCPF Participant and a DCPF Section 415 Participant when the context requires.1.51 Pension Choice means such term as defined in the Retirement Plan.

  • Amendment Number 6 Article XV, Defined Contribution Pension Formula, Section 15.01, Definitions Applicable to the Defined Contribution Pension Formula, Subsection 15.01(b) DCPF Participant is amended, by adding at the end of the Subsection, the following sentence: Effective January 1, 2019, A DCPF Participant also includes CEB Direct Hires.

  • For Plan Years beginning on or after January 1, 2017, a DCPF Participant who is either automatically covered under the DCPF or made an election under the Pension Choice Program to be covered under the DCPF, must elect to defer at least 8% of his or her Compensation earned in such Plan Year as a Basic Salary Deferral.

Related to DCPF Participant

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Participant has the meaning specified in Section 10.06(d).

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Eligible employer means any municipality with a municipal

  • Other Participant means a cooperative project participant other than the United States.

  • Current Participant means a Class Member who has an Active Account in one or both the Plans as of August 5, 2020.

  • Participants is defined in Section 12.2.1.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Study Participant means a person recruited to participate in the Study.

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.