Mid-Year Participant definition

Mid-Year Participant means any Participant in the Plan who does not commence participation on the first day of the Fiscal Year.
Sample 1Sample 2Sample 3
Mid-Year Participant means any Participant in the Plan who does not commence participation on the first day of the Performance Cycle.
Sample 1

Examples of Mid-Year Participant in a sentence

  • Each Mid-Year Participant shall give written notice to the Committee or its representative, of his or her election to become a Participant in the Plan for the remainder of such Plan Year, on a form to be provided by the Company.

  • If a Mid-Year Participant fails to give such written notice of election within 30 days of being notified of his or her eligibility, such failure will be deemed an election not to become a Participant for the remainder of such Plan Year.

  • If a Mid-Year Participant fails to give such notice by the time provided in the foregoing sentence, such failure will be deemed an election not to become a Participant for the remainder of such Plan Year.

  • Notwithstanding anything in this Section 4.2 to the contrary, with respect to any Mid-Year Participant who is a Covered Employee, in no event shall Performance Objectives be established after the earlier of (a) the expiration of the 90-day period immediately following commencement of the applicable performance period and (b) the date on which twenty-five percent (25%) of the applicable performance period has elapsed.

  • Each Mid-Year Participant shall give written notice to the Committee or its appointed representative, of his/her or her election to become a Participant in the Plan for the remainder of such Plan Year, on a form to be provided by the Company, by the relevant time or times provided in Section 2.4 or, if later, within 30 days of being notified of his/her or her eligibility.

  • Notwithstanding anything in this Section 3.2 to the contrary, with respect to any Mid-Year Participant who is a Covered Employee, in no event shall Performance Objectives be established after the earlier of (a) the expiration of the 90-day period immediately following commencement of the applicable performance period and (b) the date on which twenty-five percent (25%) of the applicable performance period has elapsed.

  • Prior to the beginning of each Fiscal Year (except in the case of a Mid-Year Participant, in which case within 30 days after he becomes a Mid-Year Participant), each Participant will prepare jointly with his immediate supervisor (subject to the approval of the Chief Executive Officer) a list of such Participant’s personal performance goals and objectives for the upcoming Fiscal Year (the “Individual Performance Targets”).

  • Each Mid-Year Participant shall give written notice to the Committee or its appointed representative, of his or her election to become a Participant in the Plan for the remainder of such Plan Year, on a form to be provided by the Company, by the relevant time or times provided in Section 2.4 or, if later, within 30 days of being notified of his or her eligibility.

  • No later than six (6) months after the beginning of such Fiscal Year, the Chief Executive Officer may also recommend to the Committee for participation in the Plan any person who was not an Executive Employee as of the beginning of such Fiscal Year but who is an Executive Employee at the time of such recommendation (a "Mid-Year Participant").

Related to Mid-Year Participant

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

  • 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.

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

  • 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.

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

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

  • 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.

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

  • 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).

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

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

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

  • 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.

  • Eligible employer means any municipality with a municipal

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

  • Plan Year means the calendar year.

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

  • 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.

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

  • 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.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • 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.

  • Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • 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).