Savings Participant definition

Savings Participant means a Participant in the Savings Plan to the extent of his participation in the Savings Plan.
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Savings Participant means a Participant who has satisfied the requirements for Savings Participation under Sections 2.2(a)(i) or (iii), 2.2(b)(ii) or 2.4 of this Plan.
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Examples of Savings Participant in a sentence

  • In return, the Bank Savings Participant is entitled to receive the Bank Savings Participation Redemption Available Amount from the CBC.

  • In return, the Insurance Savings Participant is entitled to receive the Insurance Savings Participation Redemption Available Amount from the CBC.

  • In the Bank Savings Participation Agreement the Bank Savings Participant has undertaken to pay to the CBC amounts equal to all amounts received as Bank Savings Deposit.

  • In the Insurance Savings Participation Agreement the Insurance Savings Participant has undertaken to pay to the CBC amounts equal to all amounts received as Savings Premium on the Savings Insurance Policies, with respect to de Volksbank, with the Savings Alternative.

  • Ethnic Albanian leaders may be united by the common goal of independence for Kosovo, but beyond that single outcome, they are bitterly divided by personal and ideological differences, petty rivalries and the desire for power.

  • Pursuant to the Bank Savings Participation Agreement, an Initial Settlement Amount and Further Settlement Amounts will be payable by ING as Bank Savings Participant to the Issuer in return for a Participation.

  • In addition, the Bank Savings Participant will pay to the Issuer an amount equal to the Bank Savings Bonus Amount, if and when accrued.

  • The amount of the Bank Savings Participation is equal to the amounts of Bank Savings Deposit received by the CBC plus the accrued yield on such amount (see section Participation Agreements below), provided that the Bank Savings Participant will have paid all amounts equal to the amounts due under the Bank Savings Participation Agreement to the CBC.

  • To mitigate the risk of set-off or defenses with respect to Bank Savings Mortgage Loans, the Security Trustee and the Bank Savings Participant have entered into the Bank Savings Participation Agreement.

  • If the Bank Savings Participant is no longer able to meet its obligations in respect of the relevant Bank Savings Account, for example as a result of bankruptcy, this could result in the balance standing to the credit of the relevant Bank Savings Account either not, or only partly, being available for application in reduction of the Mortgage Receivable.

Related to Savings Participant

  • 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.

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

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

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

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

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

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

  • 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.

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

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

  • 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.

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

  • 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.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

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

  • 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.

  • 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).

  • Eligible employer means any municipality with a municipal

  • 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 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.

  • 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.

  • Study Participant means a person recruited to participate in the Study.

  • 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.

  • Participants is defined in Section 12.2.1.

  • Other Participant means a cooperative project participant other than the United States.