Common use of Leased Employee Clause in Contracts

Leased Employee. Effective for Plan Years beginning after December 31, 1996, any person (other than an Employee of the recipient) who, pursuant to an agreement between the recipient and any other person (“leasing organization”), has performed services for the recipient [or for the recipient and related persons determined in accordance with Code Section 414(n)(6)] on a substantially full-time basis for a period of at least one year and such services are performed under the primary direction or control of the recipient Employer. If a Leased Employee is treated as an Employee by reason of this paragraph 1.56, “Compensation” includes Compensation from the leasing organization which is attributable to services performed for the Employer.

Leased Employee. Effective for Plan Years beginning after December 31, 1996, any person (other than an Employee of the recipient) who, pursuant to an agreement between the recipient and any other person (“"leasing organization”"), has performed services for the recipient [or for the recipient and related persons determined in accordance with Code Section 414(n)(6)] on a substantially full-time basis for a period of at least one year and such services are performed under the primary direction or control of the recipient Employer. If a Leased Employee is treated as an Employee by reason of this paragraph 1.56, “Compensation” includes Compensation from the leasing organization which is attributable to services performed for the Employer.