Phase 2 employer definition

Phase 2 employer means all other employers.
Sample 1Sample 2Sample 3

Examples of Phase 2 employer in a sentence

  • You will receive a payment of one hundred and eleven percent of your transfer basis if you are employed in an eligible position by a Phase 2 employer and you transfer to Plan 3 during the Phase 2 transfer period.

  • The Corporation shall convert the Series D Preferred Stock and issue the Common Stock Issued at Conversion effective as of the Conversion Date.

  • If you are employed by a Phase 2 employer, in an eli- gible position, the first January you can transfer is January 2004.

  • The transfer amount is the sum of:♦ Peggy's $10,000 account balance on March 1, 2002;♦ Approximately $140 in contributions between March 1st and November 1st;♦ Approximately $420 in interest in Plan 2 at 5.50% annual- ly, compounded quarterly.• Peggy continues working for her Phase 2 employer through June 2003, including the month of February 2003*.

  • Concurrent Employment in Phase 1 and 2:Example 5: Using example 2A, Chris also accepts employment for a county (Phase 2 employer) on April 1, 2002, prior to transferring to Plan 3.

  • If you separate from employment and did not exer- cise your choice rights, and you are not employed by a Phase 2 employer during Phase 2, you retain choice rights if you begin another period of employment in an eligible position with a Phase 2 employer after May 31, 2003.(b) You have choice rights if your initial PERS member- ship began on or after September 1, 2002, with a Phase 2 employer in an eligible position.

  • If you are employed by a Phase 2 employer, in an eligible po- sition, the first January you can transfer is January 2004.

  • If you separate from employment and did not exercise your plan choice rights, and you are not employed by a Phase 2 employer during Phase 2, you retain plan choice rights if you begin another pe- riod of employment in an eligible position with a Phase 2 employer af- ter May 31, 2003.(b) You have plan choice rights if your initial PERS membership began on or after September 1, 2002, with a Phase 2 employer in an el- igible position.

  • Since Chris is con- currently employed at a Phase 1 and a Phase 2 employer, Chris must wait for the Phase 2 window ((before he can)) to transfer to Plan 3.

  • See subsections (3)(c) and (9) of this section.Public Employees' Retirement System 415-108-432 Concurrent Employment in Phase 1 and 2:Example 5: Using example 2A, Chris also accepts employment for a county (Phase 2 employer) on April 1, 2002, prior to transferring to Plan 3.

Related to Phase 2 employer

  • Large employer means, in connection with a group health plan or health insurance coverage with

  • Related Employer means the Employer and (a) any corporation that is a member of a controlled group of corporations as defined in Code Section 414(b) that includes the Employer and (b) any trade or business that is under common control as defined in Code Section 414(c) that includes the Employer.

  • Eligible employer means any municipality with a municipal

  • Public employer means any officer, board, commission,

  • School employer means a board of school directors, the

  • New Employer means, after a Change in Control, a Participant’s employer, or any direct or indirect parent or any direct or indirect majority-owned subsidiary of such employer.

  • Affiliated Employer means any corporation which is a member of a controlled group of corporations (as defined in Code Section 414(b)) which includes the Employer; any trade or business (whether or not incorporated) which is under common control (as defined in Code Section 414(c)) with the Employer; any organization (whether or not incorporated) which is a member of an affiliated service group (as defined in Code Section 414(m)) which includes the Employer; and any other entity required to be aggregated with the Employer pursuant to Regulations under Code Section 414(o).

  • Small employer means any employer that had total revenue of less than $500,000 during the preceding taxable year. For purposes of this division, "total revenue" means receipts of any type or kind, including, but not limited to, sales receipts; payments; rents; profits; gains, dividends, and other investment income; compensation; commissions; premiums; money; property; grants; contributions; donations; gifts; program service revenue; patient service revenue; premiums; fees, including premium fees and service fees; tuition payments; unrelated business revenue; reimbursements; any type of payment from a governmental unit, including grants and other allocations; and any other similar receipts reported for federal income tax purposes or under generally accepted accounting principles. "Small employer" does not include the federal government; any state government, including any state agency or instrumentality; any political subdivision; or any entity treated as a government for financial accounting and reporting purposes.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Participating Employer means any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company identified in the Adoption Agreement.

  • Covered Employer means the City of Cambridge or a Beneficiary of Assistance.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • City Managerial Employee means the City Manager, the Assistant City Manager, the City Clerk, and any City department head or director. In the event CONTRACTOR violates the provisions of this paragraph, CONTRACTOR shall be required to pay damages to OWNER in an amount equal to any and all compensation which is received by the former Elected Officer or City Managerial Employee of OWNER from or on behalf of the contracting person or entity, or an amount equal to the former Elected Officer's or City Managerial Employee's last two (2) years of gross compensation from OWNER, whichever is greater.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • Post-Employment Period is defined in Section 8.2.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • relevant employer means any company incorporated or registered under the Companies Act (Cap. 50) or any person registered under the Business Names Registration Act 2014;

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Managerial employee means an employee of the State of Oregon or a public university

  • The Employer or “The Purchaser” means the "Registrar General, High Court of Madhya Pradesh, Jabalpur" and the "District Judge" of the District Courts.

  • Multi-employer Plan means a "multi-employer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding six (6) years contributed to by the Borrower or any ERISA 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.

  • Separated employees means persons who separate from