Sole Employee definition
Sole Employee means the individual described in the self-employed Employer’s Adoption Agreement as being eligible to participate in this Plan, and if such individual is no longer employed by the Employer then the individual described in the self-employed Employer’s amended Adoption Agreement. The term “Sole Employee” does not include the following: (a) any self-employed individual as defined in Code Section 401(c); (b) any partner in a partnership and
Examples of Sole Employee in a sentence
The Plan shall reimburse the Sole Employee for the cost of Eligible Medical or Dental Expenses (as defined under Internal Revenue Code Section 213 and as further described below), subject to an annual limit of $ .
The Sole Employee is eligible to participate in and become Participant under the Plan immediately upon satisfying the Plan's eligibility requirements.