KERP Participant definition

KERP Participant shall have the meaning set forth in Section 9.10(h) hereof.
Sample 1

Examples of KERP Participant in a sentence

  • The KERP proposed to make retention payments ranging from two to nine months’ wages to each KERP Participant who remained employed by the Arcapita Group through the earlier of the effective date of a chapter 11 plan, or termination without cause.

  • The Retention Component represents fixed cash amounts payable in three postpetition installments based on continued employment of the KERP Participant through the applicable payment dates.

  • Each KERP Participant will be paid at the most practical payroll processing date, but in no event later than 45 days following the quarter end.

  • Potential payments under the Incentive Component are based on achievement of the same specified performance metrics used by the Debtors for the KEIP program and subject to continued employment of the KERP Participant through the end of each performance period (except as provided below).

  • In each case, the KERP Payment would be in full and final satisfaction of any and all claims the KERP Participant might have had for severance or termination pay under statute or common law, provided that a KERP Participant may file a claim for its unused vacation pay.

  • Each KERP Participant will be paid at the most practical payroll processing date following termination.

  • A KERP Participant terminated “without cause” would receive full payment.

  • If a KERP Participant is terminated “for cause” or quits during the Chapter 11 Cases, that KERP Participant will forfeit his or her opportunity to receive a KERP award hereunder.

  • No KERP Participant has a job title of Executive Director or above.

  • We use a comparative case study methodology to gain deeper insights, selecting two of the leading firms in their sector and comparing their experiences over decades.

Related to KERP Participant

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

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

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

  • 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.

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

  • 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.

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

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

  • 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.

  • 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).

  • 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.

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

  • 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.

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

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

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

  • 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.

  • 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.

  • 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.

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

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

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

  • 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: