Examples of Full Participant in a sentence
In the event a Partner is a Non-Funding Partner, each Partner making a Capital Contribution pro rata in accordance with its respective Percentage Interest (each, a “Full Participant”) shall have the option to make additional Capital Contributions representing its proportionate share (based on the relative Percentage Interests of each Full Participant) of any amount not contributed by the Non-Funding Partner.
In the event any Partner is a Non-Funding Partner with respect to a Capital Request, each Partner making the Capital Contribution requested of it pursuant to such Capital Request (each, a “Full Participant”) shall have the option to make additional Capital Contributions representing its proportionate share (based on the relative Percentage Equity Interest of each Full Participant) of any amount not contributed by the Non-Funding Partner.
Upon the termination of employment of any Full Participant for any reason other than termination by the Company for cause such Full Participant shall become a Capped Participant.
Upon the termination of employment of any Full Participant or New Participant for any reason other than termination by the Company for Cause, such Full Participant or New Participant shall become a Terminating Participant.
If a Participant (401(k) Participant or Full Participant) severs employment with the Company and later returns to employment as an Employee, the Participant shall be eligible to recommence active participation in the Plan on the same basis as before the Participant’s severance from employment.