Partial Participation definition

Partial Participation means that only the percentage of the Shareholder’s Shares specified as participating in the Participation Notice are Participating Shares, rounded down to the nearest whole number of Shares to the extent necessary (subject to the Minimum Participation Holding (if any) and the Maximum Participating Holding (if any)). For the avoidance of doubt, the percentage is applied to the number of Shares held by the Shareholder as at each applicable Dividend Record Date, subject to:

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Partial Participation means where a Shareholder participates in the Plan in respect of only some of the Shares registered in that Shareholder’s name.

Partial Participation means a degree of participation in the DRP under which less than all of a Participant’s Shares from time to time are Participating Shares.

Examples of Partial Participation in a sentence

• The Sponsoring Employer shall designate the Trustees as the Trustee Administrator to perform those functions applicable to Plans of Partial Participation as set forth in the Agreement.

• Effective as of October 24, 1994, the Employer (a) added an investment fund to the Prior Plan consisting of common stock of the Employer, (b) established the Plan as a Plan of Partial Participation as defined under the Agreement and (c) adopted a Separate Agreement establishing a separate trust to hold the common stock of the Employer and designated a Separate Agency to serve as trustee.

• Effective as of the Conversion Date (the date of conversion of the Employer from mutual to stock ownership), the Employer adopted resolutions which (i) added an investment fund to the Plan consisting of common stock of the Sound Federal Bancorp and (ii) established the Plan as a Plan of Partial Participation as defined under the Agreement.

• Neither the Trust nor the Trustees shall be responsible for the sufficiency of any Plan Interest (and any Separate Assets in the case of a Plan of Partial Participation) to provide the benefits of the Plan of Participation funded thereby.

• Such Plan of Participation shall be a Plan of Partial Participation under Article XVIII.

• Effective as of February 8, 1996, the Employer adopted resolutions which (a) added an investment fund to the Plan consisting of common stock of the Employer and (b) established the Plan as a Plan of Partial Participation as defined under the Agreement.

• The benefits of each Plan of Participation shall be provided solely from the Plan Interest of such Plan of Participation (and any Separate Assets in the case of a Plan of Partial Participation) to the extent of the sufficiency thereof, and the Participants and beneficiaries shall look only to such Plan Interest (and any Separate Assets in the case of a Plan of Partial Participation) for the provision of their benefits.

• In the event the Plan of Participation established by a Full Participating Employer is not a Plan of Partial Participation, a person or persons other than the Trustees may be designated as Investment Fiduciary to perform the functions specified in this Agreement and Declaration of Trust and/or in the Plan of Participation and Adopting Resolutions.

More Definitions of Partial Participation

Partial Participation means that only:‌

Partial Participation has the meaning set out in rule 4.2(b). Dividend Reinvestment Plan Participant means a Shareholder some or all of whose Shares are Participating Shares.