Group Participant definition

Group Participant means anyone who is or was a participant in any plan included in the Aggregated Plans during the Plan Year which includes the Determination Date or any of the four (4) immediately preceding Plan Years, and who received compensation from an Employer during the five (5) year period ending on the Determination Date. Any beneficiary of a Group Participant who has received, or is expected to receive, a benefit from a plan included in the Aggregated Plans shall be considered a Group Participant solely for purposes of determining whether the Plan is a Top-Heavy Plan or Super Top-Heavy Plan.
Sample 1Sample 2Sample 3
Group Participant means anyone who is or was a participant in any plan included in the Aggregated Plans as of the Determination Date or any of the four (4) immediately preceding Determination Dates. Any Beneficiary of a Group Participant who has received, or is expected to receive, a benefit from a plan included in the Aggregated Plans shall be considered a Group Participant solely for purposes of determining whether the Plan is a Top-Heavy Plan or Super Top-Heavy Plan.
Sample 1
Group Participant means an employee who has primarily only Group-wide responsibility and who is approved for participation in the plan by the Committee.
Sample 1

Examples of Group Participant in a sentence

  • Participant covenants that in connection with Participant’s provision of services to the Company Group, Participant shall not breach any obligation (legal, statutory, contractual or otherwise) to any former employer or other person, including, but not limited to, obligations relating to confidentiality and proprietary rights.

  • The terms of the ESRP Share Award shall, in a manner that results in Section 409A Compliance, provide that the award will vest in accordance with Section 4.3 of the Plan and the underlying shares of Stock will be settled to the Operating Group Participant in accordance with Section 4.4 of the Plan, subject, in each case, to Section 7 of the Equity Plan or any successor provision.

  • This Agreement and the Transaction Documents and the obligations hereunder and thereunder shall not be released, discharged, abandoned, changed, waived or modified in any manner, except by an instrument in writing executed by Sellers, if any Group Participant is to be the party to be charged, and by Buyer, if Buyer or IHS is to be the party to be charged.

  • Notwithstanding any provision to the contrary herein, if an Officer Group Participant has entered into an employment agreement with the Issuer or any of its subsidiaries, all Notional Shares credited to such Participant’s Notional Share Account shall vest subject to any vesting provisions set forth in such employment agreement.

  • For a period of one year following the Participant’s service with the Company Group, Participant shall not, other than in the good faith performance of his duties for the Company Group, directly or indirectly through another entity induce or attempt to induce any employee of the Company Group to leave the employ of any member of the Company Group.

  • Notwithstanding the foregoing, in no event shall any indemnity paid by any Co-Manager, severally, exceed the total Co-Manager Fee received by any such Co-Manager, and in no event shall any indemnity paid by an Selling Group Participant, severally, exceed the total Selling Commission received by any such Selling Group Participant, in connection with the offer and sale of the REG A Shares.

  • The monthly amount of the disability benefit provided under this Subsection 9.2.3 to the Transition Group Participant shall be equal to the monthly amount of the retirement benefit that he accrues under the Plan to the date he ceases to be an Employee (determined as if such retirement benefit were paid in the form of a Single Life Annuity that commences as of the Participant’s 65th birthday).

  • If the employment of a Non-Officer Group Participant is terminated following a Change of Control, by such Participant for Good Reason or by the Issuer of any of its subsidiaries without Cause prior to the Vesting Date, all Notional Shares credited to such Participant’s Notional Share Account shall vest effective the date immediately prior to the date of such termination of such Participant’s employment.

  • Notwithstanding any provision to the contrary herein, if a Non-Officer Group Participant has entered into an employment agreement with the Issuer or any of its subsidiaries, all Notional Shares credited to such Participant’s Notional Share Account shall vest subject to any vesting provisions set forth in such employment agreement.

  • If the employment of a Non-Officer Group Participant is terminated by the death or Retirement of such Participant, all Notional Shares credited to such Participant’s Notional Share Account shall vest or be deemed to have vested effective the date immediately prior to the date of such Participant’s death or Retirement.


More Definitions of Group Participant

Group Participant. Anyone who is or was a participant in any Aggregated Plan as of the Determination Date or any of the 4 immediately preceding Determination Dates. Any Beneficiary of a Group Participant who has received, or is expected to receive, a benefit from an Aggregated Plan is considered a Group Participant solely for determining whether the Plan is top-heavy or super top-heavy.
Sample 1
Group Participant means anyone who is or was a Participant in any plan included in the Aggregated Group as of the Determination Date or any of the four (4) immediately preceding Determination Dates. Any Beneficiary of a Group Participant who has received, or is expected to receive, a benefit from a plan included in the Aggregated
Sample 1

Related to Group 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.

  • 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).

  • 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.

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

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

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

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

  • 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.

  • Principal Participant means any of the following entities:

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

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

  • 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;

  • 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).

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

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

  • 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.

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