Special Associate definition

Special Associate means any person or entity associated with the Plan Sponsor pursuant to a special written agreement, who is engaged in the sale of the products of the Plan Sponsor and is paid on a commission basis, and whose Active Association with the Plan Sponsor has not been terminated.
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Special Associate when used to indicate a relationship with any Person, means any one of the following: (i) any corporation or organization, other than Parent or a Subsidiary of Parent, in which the Person is an officer, director, or partner, or is, directly or indirectly, the Beneficial Owner of ten percent or more of any class of equity securities; (ii) any trust or other estate in which the Person has a beneficial interest of ten percent or more or as to which the Person serves as trustee or in a similar fiduciary capacity in connection with the trust or estate; or (iii) any relative or spouse of the Person, or any relative of the spouse, who has the same home as the Person or who is a director or officer of Parent or any of its Affiliates.
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Examples of Special Associate in a sentence

  • Special Associate Member Assessment shall be assessed by the Joint Board to Associate Members who are not parties to this Agreement and may not vote but have requested information and/or support the Coalition Communities efforts.

  • The applicable percentage of First Year Premiums to be contributed with respect to Bonus Policies sold by a Special Associate shall be determined in accordance with the written agreement between the Special Associate and the Plan Sponsor.

  • Special Associates shall be eligible to participate in this Plan only if so provided in the written agreement between the Special Associate and the Plan Sponsor.

  • Notwithstanding anything to the contrary in this Article 5, if the written agreement between the Plan Sponsor and a Special Associate includes provisions regarding vesting, distribution and forfeiture of benefits which are inconsistent with the provisions of this Article 5, the provisions of such written agreement shall govern with respect to such Special Associate.

  • After October 1, 1992, any Associate, Soliciting Broker, Sales Coordinator or, subject to Section 2.1, any Special Associate, shall immediately become a Participant on his or her Commencement Date, unless he or she notifies the Plan Sponsor in writing that he or she will not become a Participant.

  • As of the effective date of this Plan, any current Associate, Soliciting Broker, Sales Coordinator or, subject to Section 2.1, any Special Associate, shall immediately become a Participant, unless he or she notifies the Plan Sponsor in writing that he or she will not become a Participant.

  • After the effective date of this Plan, any Associate, Soliciting Broker, Sales Coordinator or, subject to Section 2.1, any Special Associate, shall immediately become a Participant on his or her Commencement Date, unless he or she notifies the Plan Sponsor in writing that he or she will not become a Participant.