ESCP Participant definition

ESCP Participant means an Eligible Employee who has been designated as an ESCP Participant in ESCP by the ESCP Committee in its sole and absolute discretion.
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Examples of ESCP Participant in a sentence

  • If the Surviving Spouse dies before expiration of the guaranteed minimum benefit period, one hundred percent (100%) of the ESCP Participant’s semi-monthly ESCP Benefit amount shall be paid to the Surviving Spouse’s Beneficiary or estate until such time as the total combined months of benefit payments made to the ESCP Participant, ESCP Participant’s Surviving Spouse and Surviving Spouse’s Beneficiary, or estate equal the guaranteed minimum benefit period.

  • The ESCP Participant will be considered to be intended to contract with the Company again if the Company’s contracting is conditioned only on incurring a need for the services or the availability of funds or both.

  • Should Nestlé S.A. cease to hold Majority Ownership of the an Alcon Affiliated Company by which an ESCP Participant is employed, such ESCP Participant shall be paid an annual benefit equal to the Vested Percentage as determined under subparagraphs 5.01(a) or (b) of such ESCP Participant’s Averaged Annual Base Salary, for the ESCP Participant’s lifetime, and a fifty percent (50%) ESCP Benefit shall be paid to the affected ESCP Participant’s Surviving Spouse upon the ESCP Participant’s death.

  • Claims under the ESCP by an ESCP Participant or anyone claiming through an ESCP Participant shall be presented to the ESCP Committee, which shall either arrange for payment of the claim or otherwise dispose of it.

  • The first payment made to such ESCP Participant who is a Specified Employee shall be made on the second day following the expiration of six months following such ESCP Participant’s Separation from Service and such first payment shall equal six monthly payments of ESCP Benefits and thereafter the payments shall be made as otherwise provided herein on a monthly basis.

  • Notwithstanding the above, for any ESCP Participant who is a Specified Employee for the year, no payment shall be made from this Plan for six months after such ESCP Participant Separates from Service.

  • Amounts paid to an ESCP Participant or his/her designated Beneficiary under the ESCP shall be net of any taxes or other amounts required to be withheld by the payor under any applicable law, rule, or regulation.

  • ESCP provides a Reduced Normal Retirement Benefit to each ESCP Participant who Separates from Service or dies with a Vested Percentage prior to having attained Normal Retirement Age.

  • My business associates sign agreements toprotect the privacy of your information and are not allowed to use or disclose any information other than as specified in our contract.There are some situations in which I am legally obligated to take actions, which I believe are necessary to attempt to protect others from harm, and I may have to reveal some information about a patient's treatment:1.

  • Notwithstanding the above, a ESCP Participant is considered to be continuing to be an employee while the Participant is on military leave, sick leave or another bona fide leave of absence if the duration of such leave does not exceed six (6) months, or if longer, the duration of the leave continues as long as the individual’s rights to reemployment with the Company is provided either by statute or contract.

Related to ESCP Participant

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • 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.

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

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

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

  • Active Participant means a Participant who has satisfied the eligibility requirements under Section 3 and who has at least 1,000 Hours of Service during the current Plan Year. However, a Participant shall not qualify as an Active Participant unless (i) he is in active Service with an Employer as of the last day of the Plan Year, or (ii) he is on a Recognized Absence as of that date, or (iii) his Service terminated during the Plan Year by reason of Disability, death, or Normal Retirement.

  • 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.

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

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

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

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

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

  • 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.

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

  • 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.

  • Qualified Participant means any Participant or Former Participant who has completed ten (10) Years of Service as a Participant and has attained age 55.

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

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

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

  • Nonparty participant means a person, other than a party or mediator, that participates in a mediation.

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

  • 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).

  • Principal Participant means any of the following entities:

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows: