Capped Participant definition

Capped Participant means a person whose full participation in Qualifying Income has been terminated pursuant to this Plan.
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Capped Participant means a Participant who is an Extender, Settlement Agent, Active Federated Participant or RCP Receiver and who has a System-Operating Cap.
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Capped Participant means a Participant who was a Covered Employee on December 31, 1993 under the Prior Plan and whose Accrued Benefit under the Prior Plan as of December 31, 1993 is based on Compensation in excess of the limitation set forth in Code Section 401(a)(17) as in effect on the day after such date.
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Examples of Capped Participant in a sentence

  • A Capped Participant may determine not to request the return of its excess Collateral Pool Contribution.

  • Go to Item G of this sub-section.Tip: Ontario’s cap and trade program has two main types of Participants: Capped Participant: Mandatory Participant or a Voluntary Participant.

  • The national average yield of rabi groundnut is higher (1600kg/ha) than kharif (1000kg/ha) (NICRA, 2011).

  • Do an external detailed inspection for cracks of the top and sidewall panel webs of the NWW (specified as Area 1 and Area 2 in Boeing Service Bulletin 747–53A2465, Revision 5, dated July 11, 2013).

  • You can also exit CITSS and return at a later time to complete your application without losing your progress.Each Capped Participant must add at least one facility to the account, and will not be allowed to submit separate registrations for each facility.

  • If a Capped Participant is the Customer of a Designated Banker for a currency, CDS shall inform the Designated Banker of the Participant's Formula Amount and System Operating Cap for that currency.

  • Each Capped Participant shall make contributions (“Contributions”) to the Collateral Pool for the Category Credit Ring of which it is a Member.

  • In such a case, the excess Collateral Pool Contributions shall not besubject to the security interest granted by the Capped Participant to CDS pursuant to Rule 5.12.1 and shall not be distributed in accordance with the suspension process described in Rule 9.

  • A Capped Participant may at any time change the allocation of any unused portion of its System-Operating Cap to another Funds Account of the Ledgers of the Capped Participant or for the purpose of granting Lines of Credit, and may allocate any unallocated portion of its System-Operating Cap.

  • As soon as practicable following the end of each Plan Year, the Board shall determine whether, and if so, how much, Qualifying Income exists with respect to such Plan Year and whether, and if so, how much, Capped Qualifying Income exists with respect to any Capped Participant.


More Definitions of Capped Participant

Capped Participant means a mandatory participant or a voluntary participant;
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Related to Capped Participant

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

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

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

  • 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).

  • 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;

  • 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.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

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

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

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

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

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

  • 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).

  • 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.

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

  • 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.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • 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).

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

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

  • Eligible employer means any municipality with a municipal