FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.
Plan Year means the calendar year.
Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.
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.
Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.
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
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.
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.
Qualified Participant means any Participant or Former Participant who has completed ten (10) Years of Service as a Participant and has attained age 55.
Current Participant means a Class Member who has an Active Account in one or both the Plans as of August 5, 2020.
L/C Participant shall have the meaning provided in Section 3.3(a).
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).
Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.
Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.
Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.
Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.
Bonus Compensation shall have the meaning set forth in Section 3(b).
Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.
Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.
Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the
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 Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.