Evergreen Plan definition

Evergreen Plan means a Plan under which the Employer establishes and maintains a Participant’s Account, which may have sub-accounts depending on the Employer’s election, on behalf of each Eligible Employee including, if applicable, but are not limited to a (1) Salary Reduction Contribution Account, (2) Performance-Based Compensation Contribution Account (3) Matching Contribution Account, and (4) Nonelective Employer Contribution Account to which (1) Salary Reduction Contributions, (2) Performance-Based Compensation Contributions, (3) Matching Contributions, and (4) Nonelective Employer Contributions shall be credited.
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Evergreen Plan means a Plan under which the maximum number of securities issuable is set as a percentage of the listed issuer’s issued and outstanding securities from time to time, and which provides that the number of securities reserved for issuance is automatically replenished as securities are issued pursuant to the exercise of options granted under the Plan;
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Examples of Evergreen Plan in a sentence

  • In that event the benefits of this Evergreen Plan may be reduced under this section.

  • It is then charged against any applicable benefit limit of this Evergreen Plan.

  • When this Section Applies This section applies when, in accordance with the prior section, Order of Determination Rules, this Evergreen Plan is a Secondary Plan as to one or more other Plans.

  • This COB provision applies to this Evergreen Plan (Plan is defined for purposes of this Section 5 below) when a Member has health care coverage under more than one Plan.

  • Those rules determine whether the benefits of this Evergreen Plan are determined before or after those of another Plan.

  • Each person claiming benefits under this Evergreen Plan must give Evergreen any facts it needs to pay the claim.

  • Except where prohibited by law, the benefits under this Evergreen Plan are secondary to Medicare.

  • The above reduction is described in the Effect on the Benefits section of this Evergreen Plan Agreement.

  • If the benefits of this Evergreen Plan are reduced, each benefit is reduced in proportion.

  • Reduction in this Evergreen Plan’s Benefits When this Evergreen Plan is the Secondary Plan, the benefits under this Evergreen Plan may be reduced so that the total benefits that would be payable or provided by all the other Plans do not exceed 100% of the total Allowable Expenses.