Common use of Eligible Individual Clause in Contracts

Eligible Individual. Any common-law employee, independent contractor or non- employee director who provides services to the Plan Sponsor and is designated by the Plan Sponsor as eligible to participate in the Plan in accordance with Section 2. 1. Only those individuals who are part of a select group of management or highly compensated individuals, as determined by the Plan Sponsor in its sole discretion, may be designated as Eligible Individuals under the Plan.

Appears in 3 contracts

Samples: Nonqualified Deferred Compensation Plan (1895 Bancorp of Wisconsin, Inc. /MD/), Nonqualified Deferred Compensation Plan (1895 Bancorp of Wisconsin, Inc.), Nonqualified Deferred Compensation Plan (Alexion Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Eligible Individual. Any common-law employee, independent contractor employee or non- non-employee director who provides services to the Plan Sponsor and is designated by the Plan Sponsor as eligible to participate in the Plan in accordance with Section 2. 1. Only those individuals who are part of a select group of management or highly compensated individuals, as determined by PICO or the Plan Sponsor in its sole discretion, may be designated as Eligible Individuals under the Plan.

Appears in 1 contract

Samples: Deferred Compensation Plan (Pico Holdings Inc /New)

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