Common use of Former Key Employee Clause in Contracts

Former Key Employee. A Non‑Key Employee with respect to a Plan Year who was a Key Employee in a prior Plan Year. Such term shall also include his Beneficiary in the event of his death.

Appears in 2 contracts

Samples: Employee Savings Plan (Lincoln Electric Holdings Inc), Employee Savings Plan (Lincoln Electric Holdings Inc)

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Former Key Employee. A Non‑Key Employee with With respect to a any Plan Year Year, any individual who was a Key Employee in a prior previous Plan Year but who is not a Key Employee with respect to such Plan Year. Such term For purposes of this definition, a beneficiary (who would not otherwise be a Key Employee) of a deceased former Key Employee shall also include his Beneficiary be deemed to be a Former Key Employee in the event of his deathsubstitution for such deceased Former Key Employee.

Appears in 1 contract

Samples: Employees' Stock Ownership Plan and Trust Agreement (Massbank Corp)

Former Key Employee. A Non‑Key Employee with With respect to a any Plan Year Year, any -------------------- individual who was a Key Employee in a prior previous Plan Year but who is not a Key Employee with respect to such Plan Year. Such term For purposes of this definition, a beneficiary (who would not otherwise be a Key Employee) of a deceased former Key Employee shall also include his Beneficiary be deemed to be a Former Key Employee in the event of his deathsubstitution for such deceased Former Key Employee.

Appears in 1 contract

Samples: Employees' Stock Bonus Plan Trust Agreement (Aon Corp)

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Former Key Employee. A Non‑Key Non-Key Employee with respect to a Plan Year who was a Key Employee in a prior Plan Year. Such term shall also include his Beneficiary in the event of his death.

Appears in 1 contract

Samples: Employee Savings Plan (Lincoln Electric Holdings Inc)

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