Five Percent Owner. Person who owns (or is considered to own, as described in Code section 318): (a) More than 5 percent of the outstanding stock of the Employer; (b) Stock representing more than 5 percent of the total combined voting power of all the Employer's stock; or (c) More than 5 percent of the capital or profits interest of the Employer.
Appears in 2 contracts
Samples: Trust and Custodial Agreement (Hs Resources Inc), 401(k) Profit Sharing Plan Agreement (C Cube Microsystems Inc)
Five Percent Owner. Person An individual who owns (or is considered to own, as described in owning within the meaning of Code section §318):
(a) More more than 5 percent of the outstanding stock of the Employer;
(b) Stock representing Employer or stock possessing more than 5 percent of the total combined voting power of all stock of the Employer's stock; or
(c) More . If the Employer is not a corporation, a Five-Percent Owner is an individual who owns more than 5 percent of the capital or profits interest of the Employer.
Appears in 2 contracts
Samples: Defined Contribution Plan and Trust (National Penn Bancshares Inc), Defined Contribution Prototype Plan and Trust Agreement (Mercantile Bancorp, Inc.)
Five Percent Owner. Person An individual who owns (or is considered to own, as described in owning within the meaning of Code section ?318):
(a) More more than 5 percent of the outstanding stock of the Employer;
(b) Stock representing Employer or stock possessing more than 5 percent of the total combined voting power of all stock of the Employer's stock; or
(c) More . If the Employer is not a corporation, a Five-Percent Owner is an individual who owns more than 5 percent of the capital or profits interest of the Employer.
Appears in 1 contract
Samples: Profit Sharing/401(k) Prototype Plan and Trust (Capital Corp of the West)
