Participating Unit definition

Participating Unit means a retirement system that elects to come under the provisions of section 6.
Participating Unit means, with respect to any Distribution (or other allocation of proceeds) pursuant to Section 4.1(b) or (c) hereof, any Unit, other than (a) LTIP Units and (b) any Employee Incentive Unit that is not a Participating Employee Unit.
Participating Unit shall have the meaning specified in Section 4.03.

Examples of Participating Unit in a sentence

  • Any notice given to the Participating Unit by AUL shall be considered notice given to the subsidiary and/or affiliate.

  • The Participating Unit is liable for all premiums due for a subsidiary and affiliate during any period of time the subsidiary and/or affiliate are insured under the Group Policy.

  • Any references to Participating Unit used in the policy shall include Insured Units.

  • TEMPORARY LAY-OFF means a period of time during which You are not Actively at Work due to lack of work and are not terminated from employment with the Participating Unit.

  • PARTICIPATING UNIT’S ANNIVERSARY DATE means the date once a year which marks when the Participating Unit became insured under the policy.


More Definitions of Participating Unit

Participating Unit means, with respect to any Distribution pursuant to Section 4.1(b), a Class A Common Unit and/or a Participating Class B Common Unit.
Participating Unit means, in addition to Rayonier Advanced Materials Inc., any subsidiary or affiliated company of Rayonier Advanced Materials Inc., any designated location(s) only of such subsidiary or affiliated company or any designated unit(s) only of such subsidiary, or affiliated company which has by appropriate action of the Board of Directors been designated as a Participating Unit and the board of directors of any such subsidiary or affiliated company shall have taken appropriate action to adopt the Plan. The Board of Directors shall take action (i) to designate such entity as a Participating Unit, (ii) to determine that such persons are Employees, and (iii) to establish, by written amendment of the Plan, the terms and conditions under which such Employees are to be included in the Plan.If a group of persons is transferred to or assigned to a Participating Unit or is hired by a Participating Unit as the result of the opening or purchase of a plant or the merger of one unit into another, such persons shall not be deemed to be Employees for purposes of the Plan until further action by the Board of Directors, by written amendment of the Plan, including the determination that such persons are Employees for purposes of the Plan, and the establishment of the terms and conditions under which such Employees are to be included in the Plan.To the extent that the Board of Directors shall have authorized and established the basis for recognition under the Plan of service with a predecessor corporation(s), if any, reference in this Plan to service with a Participating Unit shall include service with the predecessor corporation(s) of such Participating Unit, provided that all or part of the business and assets of any such corporation shall have been acquired by Rayonier Advanced Materials Inc. or by a Participating Unit.
Participating Unit means a maritime, land or aerial unit under the responsibility of the host Member State or of a participating Member State that takes part in a sea operation;
Participating Unit means a maritime or aerial unit of the host Member State or of a participating Member State;
Participating Unit means, with respect to any Distribution (or other allocation of proceeds) pursuant to Section 4.01(a) or Section 4.02, any outstanding Unit (which includes, for the avoidance of doubt, the Earnout Company Units), but shall exclude any Restricted Common Units prior to their conversion into Common Units upon the occurrence of a Vesting Event, if any.
Participating Unit means a group of employees of the Company or an Affiliated Company which has been designated by the Senior Vice President - Human Resources and Communications of the Company or his successor (acting on behalf of the Company as settlor) as participating in the Plan. Each such designation shall include the rate, if any, at which Employer Matching Contributions and Discretionary Supplemental Employer Contributions shall be made on behalf of Eligible Employees within that Participating Unit.
Participating Unit means a maritime, land or aerial unit under the responsibility of the host Member State or of a participating Member State that according to national and international law has the authority to take the measures foreseen by this Regulationtakes part in a sea operation;