UNITED STATES PARTICIPANTS Sample Clauses

UNITED STATES PARTICIPANTS. The provisions of this section 22 apply to Eligible Participants who are subject to United States income tax (“US Participants”), and will supersede any inconsistent terms of this Plan or any option agreement. An option awarded to a US Participant will be designated in an option agreement as either an Incentive Stock Option or a Nonstatutory Stock Option at the time the option is granted. An Incentive Stock Option (or “ISO”) is an option awarded to a US Participant that is intended to comply with Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). A Nonstatutory Stock Option (or “NSO”) is an option other than an ISO that is awarded to a US Participant. An ISO and NSO will collectively be referred to as a “US Option.” An ISO may only be awarded to an individual who is an employee of the Company, or a parent or subsidiary corporation of the Company (as defined in Code Section 424), on the date the ISO is granted. In this regard, all employees of the Company (or any corporation treated as parent or subsidiary of the Company under Code Section 424), will be eligible to be awarded ISOs under the Plan. An NSO may be awarded to an employee or a non-employee service provider to the Company or any entity treated as a subsidiary of the Company for purposes of Code Section 409A.
Sample 1
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UNITED STATES PARTICIPANTS. In addition to the terms of the Plan, the Investment Regulations and this Agreement, any award under the Plan to an Employee subject to taxation in respect of their remuneration in the United States is subject to the following terms and conditions as set forth below.
Sample 1

Related to UNITED STATES PARTICIPANTS

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Participation in Retirement and Employee Benefit Plans The Employee shall be entitled to participate in all plans relating to pension, thrift, profit-sharing, group life and disability insurance, medical and dental coverage, education, cash bonuses, and other retirement or employee benefits or combinations thereof, in which the Bank's executive officers participate.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Eligible Participants Families and individuals experiencing homelessness. For the purposes of the Program, families and individuals are considered to be homeless only when he/she/they lack(s) a fixed, regular and adequate nighttime residence and reside(s) in a place not meant for human habitation, such as cars, parks, sidewalks, abandoned buildings, motels, or other shelters, or for reference as further defined in 24 CFR Part 578.3 and 576.2.

  • All Employees The Company shall not include the shift differential in any employee’s wage rate for the calculation of overtime.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan in accordance with Section 401(a)(9) of the Code and the regulations thereunder.

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