Section 409A Participant definition

Section 409A Participant means a Participant who is or would attain “Normal Retirement” eligibility, based on the age and service requirements described in such definition above, on or before December [___].
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Section 409A Participant means a U.S. Participant who accrued benefits under the Prior BMS Plan after December 31, 2004 that are subject to the requirements of Code section 409A. For this purpose, a benefit accrued under the Prior BMS Plan after December 31, 2004 is subject to Code section 409A as follows:
Sample 1

Examples of Section 409A Participant in a sentence

  • A copy of the title and registration of the electric vehicle in the name of the parking permit applicant.

  • Any Award granted to a Section 409A Participant will be subject to the provisions of the US Subplan.

  • V případě jakéhokoliv objevu či jiného práva na duševní vlastnictví, myšleno kromě výsledků Studie či aspektů týkajících se jejího provádění, bude vlastnické právo náležet Zdravotnickému zařízení/Zkoušejícímu.

  • If such surviving spouse is entitled to receive a Pre-Early Retirement Survivor Annuity under Section 4.04(b), payment of such Pre-Early Retirement Survivor Annuity will commence on the later of (i) the first day of the month after the month in which the Section 409A Participant’s death occurs and (ii) the first day of the month in which the Section 409A Participant would have attained his Earliest Retirement Date had he or she survived.

  • To the extent Citigroup deems it necessary or appropriate to amend the Award, the Program or the Plan to conform to Section 409A, Participant shall receive a supplement to the Prospectus describing any such changes and a new Award Agreement incorporating such changes.

  • However, differences related to democratic practice still persist between conservatives and most of the center and left; conservatives are more likely to favor truncated forms of democracy.

  • The normal form of payment for a Section 409A Participant will be an Actuarial Equivalent lump sum payment.

  • Except as otherwise permitted by the Company (and in accordance with Code Section 409A), Participant described in this Section 2.2(b) shall not be permitted to make a deferral election with respect to Bonuses for the first Plan Year he or she is eligible to participate.

  • A Section 409A Participant will paid (or commence payment of) his Retirement Income on or about the first day of the month following the month in which his Separation from Service occurs; except, however, that if his or her Separation from Service occurs prior to his or her Earliest Retirement Date, payment will be made (or commence) on or about the first day of the month following such Earliest Retirement Date.

  • Subject to paragraphs (c) and (d) of this Section 7.03, in the case of a Section 409A Participant whose Separation from Service occurs after the Effective Date, the Retirement Income payable to such Section 409A Participant under the Plan will be paid at the time and in the form of payment set out in paragraph (a) below, unless the Section 409A Participant timely elects an alternate time and/or form of payment in accordance with paragraph (b) below.

Related to Section 409A Participant

  • 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.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Section 409A means Section 409A of the Code and the regulations and other guidance promulgated thereunder.

  • Qualified employee means an individual who:

  • 409A Award means an Award that constitutes a “deferral of compensation” within the meaning of the 409A Regulations, whether by design, due to a subsequent modification in the terms and conditions of such Award or as a result of a change in applicable law following the date of grant of such Award, and that is not exempt from Section 409A of the Code pursuant to an applicable exemption.

  • Qualified employer means the federal government.

  • Covered Employee means an employee who is a “Covered Employee” within the meaning of Section 162(m) of the Code.

  • 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).

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 12 of the Plan.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • 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;

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

  • Specified Employee means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Company if any stock of the Company is publicly traded on an established securities market or otherwise.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Code Section 409A means Section 409A of the Code and the regulations and guidance promulgated thereunder.

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

  • Section 409A Limit means the lesser of two (2) times: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Company’s taxable year preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Qualified employment position means a permanent full-time

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

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • Eligible employer means any municipality with a municipal

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

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

  • California Participant means a Participant whose Award is issued in reliance on Section 25102(o) of the California Corporations Code.