Common use of Applicable Individual Clause in Contracts

Applicable Individual. An Applicable Individual for purposes of this paragraph 12.7(k) is: (a) any Participant, or (b) an Alternate Payee who has an account under the Plan, or (c) any Beneficiary who has an account under the Plan with respect to which the Beneficiary is entitled to exercise the rights of a Participant.

Appears in 1 contract

Samples: Defined Contribution Plan (1st Constitution Bancorp)

AutoNDA by SimpleDocs

Applicable Individual. An Applicable Individual for purposes of this paragraph 12.7(k) 17.18 is: (ai) any Any Participant, , (ii) Any Alternate Payee or (biii) an Alternate Payee who has an account under the Plan, or (c) any Any Beneficiary who has an account under the Plan with respect to which the Beneficiary is entitled to exercise the rights of a Participant.

Appears in 1 contract

Samples: Profit Sharing Plan Adoption Agreement (Southern National Bancorp of Virginia Inc)

Applicable Individual. An Applicable Individual for purposes of this paragraph 12.7(k) is: (ai) any Participant, or (b) an Alternate Payee who has an account under the Plan, or (cii) any Beneficiary who has an account under the Plan with respect to which the Beneficiary is entitled to exercise the rights of a Participant.

Appears in 1 contract

Samples: Savings and Investment Plan Document (Sterling Chemicals Inc)

AutoNDA by SimpleDocs

Applicable Individual. An Applicable Individual for purposes of this paragraph 12.7(k) is: (a) any Participant, or (b) an Alternate Payee who has an account under the Plan, or (c) any Beneficiary who has an account under the Plan with respect to which the Beneficiary is entitled to exercise the rights of a Participant.

Appears in 1 contract

Samples: Defined Contribution Plan (1st Constitution Bancorp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!