Common use of Active Participant Clause in Contracts

Active Participant. You could be an active participant in one of the following employer-sponsored retirement plans: a. a qualified pension, profit sharing, 401(k), money purchase pension, employee stock ownership plan, or stock bonus plan;

Active Participant. You could be an active participant in one of the following employer-sponsored retirement plans: a. a qualified pension, profit sharing, 401(k), money purchase pension, employee stock ownership plan, or stock bonus plan; b. a SEP plan; c. a SIMPLE IRA or SIMPLE 401(k) plan; d. a qualified annuity plan of an employer; e. a tax-sheltered annuity plan for employees of certain tax-exempt organizations or public schools; f. a Section 501(c)(18) trust;