VCOC Exception definition

VCOC Exception means the exception for which an entity qualifies under Section 2510.3-101(a)(2)(i) of the regulations promulgated by the United States Department of Labor under the Employee Retirement Income Security Act of 1974, as amended, by reason of being a VCOC so that the underlying assets of that entity do not constitute "plan assets" within the meaning of Section 2510.3-101(a) of such regulations.
View Source
VCOC Exception means the exception for which an entity
View Source
VCOC Exception. The “venture capital operating company” exception contained in the Plan Asset Regulation regarding whether an entity is deemed to be holding Plan Assets.
View Source

Examples of VCOC Exception in a sentence

  • If the Partnership is relying on the VCOC Exception, this obligation shall cease after a “distribution period” within the meaning of the Plan Asset Regulation has been declared.

  • If such notice is provided, the General Partner shall indicate whether the Partnership should qualify for the VCOC Exception.