Excluded Participant definition

Excluded Participant any (i) Disqualified Lender, (ii) any natural person, (iii) any Defaulting Lender or (iv) the Borrower or any of its Affiliates (other than a bona fide debt fund).
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Excluded Participant means, for an Unpaid Amount applicable to a Clearing Loss, the Clearing Loss Participant, each Capped Out Participant and the Participant who did not pay the Unpaid Amount. When used in the context of an Emergency Assessment that constitutes part of a Chain, “Excluded Participant” also includes each Participant whose failure to pay an Emergency Assessment higher up in the Chain gives rise to another Emergency Assessment in the Chain.[Explanatory Note: this term relates to Emergency Assessments which have been removed from the Rules. Instead ASX Clear has the Recovery Powers set out in the Recovery Rules which may be exercised in certain circumstances]
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Excluded Participant means any participant in an Transferred Entity Benefit Plan who is not a current or former employee of a Transferred Entity.
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Examples of Excluded Participant in a sentence

  • If allowed to provide Work for the Project, this entity must provide all coverage required of an Excluded Participant.

  • The Trustee shall hold the Returned Shares exclusively for the benefit of all or one or more of the Eligible Participants (excluding any Excluded Participant).

  • The Board may, from time to time, at its absolute discretion select any Eligible Participant (other than any Excluded Participant) for participation in the Scheme as a Selected Participant.

  • The Board shall, subject to and in accordance with these rules of the Plan, be entitled (but shall not be bound) to, at any time during the continuation of the Plan, make an Award to any of the Eligible Participants (excluding any Excluded Participant) such number of issued Shares, fully paid or credited as fully paid, as the Board shall determine pursuant to these rules of the Plan.

  • Operation of the SchemeThe Board may from time to time, at its absolute discretion select any Eligible Participant (excluding any Excluded Participant) for participation in the Scheme as a Selected Grantee and grant such number of Awarded Shares to any Selected Grantee and in such number and on and subject to such terms and conditions as the Board may in its absolute discretion determine.

  • See Section III – Supplemental Deferral Program for information regarding your eligibility to enroll in the Supplemental Deferral Program.Transfer to Eligible Participant StatusIf you are employed in an Excluded Participant position and you transfer to an Eligible Participant position, your participation in the University Matching Contribution Program will commence once you satisfy the Program’s participation requirements described below.

  • Grant Subject to the provisions of the Share Award Scheme, the Board may, from time to time, at its absolute discretion select any Participant (other than any Excluded Participant) for participation in the Share Award Scheme as a Selected Participant, and grant such number of Awards to any Selected Participant at such consideration and in such number and on and subject to such terms and conditions as it may in its absolute discretion determine.

  • Award of Shares The Board shall, subject to and in accordance with the rules of the Plan, be entitled to make an Award out of the Share Pool to any of the Eligible Participants (excluding any Excluded Participant) such number of Shares as it shall determine pursuant to the Plan.

  • In the event that (i) a Selected Participant is found to be an Excluded Participant or (ii) a Selected Participant fails to return duly executed transfer documents prescribed by the Trustee for transfer of the Awarded Shares, the relevant part of an Award made to such Selected Participant shall lapse and the relevant Awarded Shares shall not vest on the relevant Vesting Date and shall become Returned Shares, forming part of the Share Pool.

  • An Employee who is regularly scheduled to work less than 25 hours per week, on a part time basis, and who is not an Excluded Participant described below.


More Definitions of Excluded Participant

Excluded Participant means, for purposes of the University Matching Contribution Program, any Employee whose job position as described in Section IV - University Matching Contribution Program renders him or her ineligible to participate in the University Matching Contribution Program.
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Excluded Participant means Xxxxx Xxxxx. 2.23 “Fair Market Value” as it relates to a Unit means the fair market value of a Unit as of the most recent Valuation Date, as determined by the Committee or the Parent Board using a nationally recognized investment bank (or other comparable valuation expert) selected by the Committee or the Parent Board; provided, however, that if, prior to the time at which such
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Excluded Participant means (i) any current or former employee of Rock Creek Golf Club Idaho, LLC or its Subsidiaries, and (ii) any other participant in a Benefit Plan who is not a current or former employee, director or consultant of the Company or its Subsidiaries (or a beneficiary or dependent thereof).
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Excluded Participant means any Participant reasonably determined by DME to be legally or otherwise restricted from participating (in whole or in part) in investments in one or more particular securities or types of investments.
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Related to Excluded Participant

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

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

  • Inactive Employee means an employee who is not actively at work due to approved leave of absence, short-term disability leave or military leave.

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

  • 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).

  • Administrative employee means an employee who normally supervises persons engaged in office administration, construction, security or maintenance work who are represented by another trade union. This definition includes employees who share a community of interest with “supervisors”.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • 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.

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

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

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • 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.

  • 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.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • Eligible Retiree means a retired employee of the GROUP who is receiving retirement benefits from GROUP and is entitled to Medicare part A and enrolled in Medicare part B. If this Agreement includes Group Plan 65, an Eligible Retiree who selects Group Plan 65 shall be eligible as an individual. Such Eligible Retiree shall not be deemed to have any dependents who can select Group Plan 65.

  • Eligible casual employee means a casual employee employed during a period of at least 12 months, either:

  • 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.

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

  • Exempt employee means an at will employee who serves at the discretion of the appointing authority in a position that is exempted by State law, the City Charter or SMC 4.13 from compliance with the provisions of the Personnel Rules or SMC Title 4 related to selection, discipline, termination or appeals of personnel actions to the Civil Service Commission.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • 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;