VK Participant definition

VK Participant means a Director who, immediately prior to the closing of the VK Transaction, was a member of the Board of Directors or Board of Trustees of one or more of the registered investment companies then managed by Van Kampen Investments, Inc. or one of its subsidiaries.
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Examples of VK Participant in a sentence

  • A VK Participant shall become a Participant on the date his or her directorship of one or more of the Funds commences or recommences, as applicable, on or after June 1, 2010.

  • To the extent permitted by the Administrator, a VK Participant may also designate one or more contingent (secondary) beneficiaries in the event a primary beneficiary predeceases him.

  • Subject to the following provisions of this Appendix B-1 and Articles III and IV, a VK Participant who ceases to be a Director and who completes 10 or more Years of VK Participant Service shall be entitled to receive an annual retirement benefit from the Invesco Funds equal to seventy-five percent (75%) of the VK Participant’s Compensation, payable in quarterly installments for a period of years equal to his Years of VK Participant Service, up to a maximum of 10 years of payments.

  • A VK Participant may change any beneficiary designation at any time, without the consent of any previously designated beneficiary, provided a written instruction setting forth the desired change is received by the Administrator prior to the VK Participant’s death.

  • Subject to the following provisions of this Appendix B-1 and Articles III and IV, a VK Participant who ceases to be a Director and who completes fewer than 10 Years of VK Participant Service shall be entitled to receive an annual retirement benefit from the Invesco Funds in quarterly installments for a period of years equal to two times his Years of VK Participant Service, up to a maximum of 10 years of payments, measured in two components as described below.

  • A VK Participant may designate one or more persons (including a trust) as his beneficiary; if multiple beneficiaries are designated, the VK Participant must indicate (in whole percentages) each person’s share of the Retirement Benefit payable on his death.

  • The initial annual retirement benefit payable for the period of years equal to the VK Participant’s Years of VK Participant Service shall be equal to seventy-five percent (75%) of the VK Participant’s Compensation.

  • Except in the case of a VK Participant, if a Participant’s Service terminates for any reason without his having been credited with at least 5 Years of Service, neither he nor anyone else on his behalf shall be entitled to a Retirement Benefit.

  • Except in the case of a VK Participant, each Director shall become a Participant hereunder on the date his directorship of one or more of the Funds commences; provided that such directorship has commenced by December 1, 2008.

  • Notwithstanding the foregoing, if a VK Participant becomes Disabled, his Retirement Benefit shall commence on the first day of the first quarter following the later of (i) his becoming Disabled, or (ii) his attainment of age 60, and such Retirement Benefit shall not be reduced to reflect commencement prior to age 72.

Related to VK Participant

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

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Participant has the meaning specified in Section 10.06(d).

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • 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;

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Active Participant means a Participant who has satisfied the eligibility requirements under Section 3 and who has at least 1,000 Hours of Service during the current Plan Year. However, a Participant shall not qualify as an Active Participant unless (i) he is in active Service with an Employer as of the last day of the Plan Year, or (ii) he is on a Recognized Absence as of that date, or (iii) his Service terminated during the Plan Year by reason of Disability, death, or Normal Retirement.

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

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

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

  • Other Participant means a cooperative project participant other than the United States.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

  • Qualified Participant means any Participant or Former Participant who has completed ten (10) Years of Service as a Participant and has attained age 55.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • 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).

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • Current Participant means a Class Member who has an Active Account in one or both the Plans as of August 5, 2020.

  • 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.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Study Participant means a person recruited to participate in the Study.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

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