Vested Employee definition

Vested Employee means:
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Vested Employee means an Employee who has completed 5 years or more of Eligibility Service, or a former Employee who satisfied the vesting requirements of the Plan or the Predecessor Plan which were in effect at the time he ceased to accrue Eligibility Service, provided this sentence shall be effective September 1, 1988. If the Employee is eligible for a Cash Balance benefit under Article 4 of the Curtiss-Wright
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Vested Employee means an Employee, as defined above, who has at least five (5) years of Vested Service, or ten (10) years of Vested Service if the Employee last worked prior to January 1, 1999, and an Employee of the Union and/or Trustees, as defined above, who has at least five (5) years of Vesting Service.
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Examples of Vested Employee in a sentence

  • Vested Employee EquityShares that have vested and have been exercised by employees under the Executive Performance Share Plan are classified and disclosed as Vested Employee Equity.

  • The term “Pension or Pensions” shall mean a payment made to a Retired Employee, Vested Employee or such individual’s Joint Pensioner according to the provisions of this Retirement System, other than a return of contributions with Interest.

  • For example, during the time a Transaction is pending, the account holder may resign from the account holder’s employment with the Issuer and may be required to exercise the Vested Employee Options within a certain timeframe following the account holder’s departure.

  • NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Vested Employee Benefits (Vacation, Personal, and Sick Leave) Vacation and sick days for the City’s salaried and some hourly employees are determined by the City’s personnel policies, and the remaining City’s hourly employees are determined by the union agreement between the City and the employees’ union.

  • A Vested Employee who returns to Covered Employment is eligible to participate in the Plan immediately.

  • In the event a Terminated Vested Employee, not currently in pay status on January 1, 2007, has an Account balance of $1000 or less, a lump sum payment shall automatically be made as soon as administratively practicable, payable as described in 7.12(a).

  • Vested Employee Benefits Sick leave eligibility and accumulation is specified in negotiated labor contracts, and in individual employment contracts.

  • Retained EarningsBalance as at the beginning of the year Add / (Less) : Profit / (Loss) for the yearAdd / (Less) : Remeasurement gain / (loss) on Defined Benefit Plan (net of tax)Add : Vested Employee Stock Options Lapsed Less : AppropriationsDividend on Equity Shares Dividend Distribution Tax iii.

  • Subject to Section 4, the Escrow Agent shall deliver to Employee the certificate representing the Vested Employee Shares on the Disbursement Date.

  • Specifically, the proposal would allow account holders to sell, as a hedge, listed equity call options on the same underlying security as the account holder’s Vested Employee Options without the requirement of margin (the ‘‘Transactions’’).


More Definitions of Vested Employee

Vested Employee means an Employee who has completed 5 years or more of Eligibility Service, or a former Employee who satisfied the vesting requirements of the Plan or the Predecessor Plan which were in effect at the time he ceased to accrue Eligibility Service, provided this sentence shall be effective September 1, 1988.
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Vested Employee means an Employee who terminates employment with the Association at any time prior to retirement and is eligible for a retirement benefit in accordance with Section 5.1 or Section 15.5(b).
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Related to Vested Employee

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Affiliated employee means any individual employed by a recipient who receives compensation directly from government assistance or a contract with the District of Columbia government, including any employee of a contractor or subcontractor of a recipient who performs services pursuant to government assistance or a contract. The term “affiliated employee” does not include those individuals who perform only intermittent or incidental services with respect to the government assistance or contract, or who are otherwise employed by the contractor, recipient or subcontractor.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Restricted Employee means any individual who was employed by any member of the Company Group during the course of Employee’s term of employment and with whom Employee had material contact during the twelve (12) month period immediately preceding the date of Employee’s termination.

  • Service employee, as used in this clause, means any person (other than a person employed in a bona fide executive, administrative, or professional capacity as defined in 29 CFR 541) engaged in performing a District contract not exempted under 41 U.S.C. §356, the principal purpose of which is to furnish services in the United States, as defined in section 22.1001 of the Federal Acquisition Regulation. It includes all such persons regardless of the actual or alleged contractual relationship between them and a contractor.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

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

  • 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.

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.

  • Related Employer means the Employer and (a) any corporation that is a member of a controlled group of corporations as defined in Code Section 414(b) that includes the Employer and (b) any trade or business that is under common control as defined in Code Section 414(c) that includes the Employer.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Separated employees means persons who separate from

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Key Employee means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined in the Purchase Agreement).

  • Regular Part-Time Employee means an employee who is appointed to a regularly scheduled position but works less than full-time. A regular part-time employee is entitled to all benefits outlined in the agreement on a pro rata basis, except where otherwise specified.

  • Affiliated Employer means any corporation which is a member of a controlled group of corporations (as defined in Code Section 414(b)) which includes the Employer; any trade or business (whether or not incorporated) which is under common control (as defined in Code Section 414(c)) with the Employer; any organization (whether or not incorporated) which is a member of an affiliated service group (as defined in Code Section 414(m)) which includes the Employer; and any other entity required to be aggregated with the Employer pursuant to Regulations under Code Section 414(o).

  • Retired Employee means an employee of the state who retired after April 29, 1971,

  • Inactive Employee means an employee who is not actively at work due to approved leave of absence, short-term disability leave or military leave.