Inactive Participant Sample Clauses
The Inactive Participant clause defines the rights and obligations related to a party that is no longer actively involved in a project or agreement. Typically, this clause outlines the conditions under which a participant is deemed inactive, such as failing to attend meetings or contribute to deliverables, and specifies the consequences, which may include loss of voting rights or redistribution of responsibilities. Its core function is to ensure continued progress and accountability by addressing situations where a participant's inactivity could hinder the overall objectives of the agreement.
Inactive Participant. Any Employee or former Employee who has ceased to be a Participant and on whose behalf an account is maintained under the Plan.
Inactive Participant. A Participant who (1) is actively employed by an Employer but no longer meets the eligibility conditions described in Section 3.01 or (2) has Terminated but has not received a complete distribution of his or her Account balance.
Inactive Participant. An Active Participant shall become an Inactive Participant (stop accruing benefits under the Plan) on the earliest of the following:
(a) The date on which he ceases to be an Eligible Employee (on his Retirement Date if he ceases to be an Eligible Employee within one month of his Retirement Date).
(b) The effective date of complete termination of the Plan.
(c) His Severance from Service Date.
Inactive Participant. “Inactive Participant” shall mean a Participant who ceases to be an Eligible Employee but remains in the service of the Company. An Inactive Participant has all the rights of an active Participant (including the right to take a loan pursuant to Section 6.10), except that an Inactive Participant shall not have the right to defer compensation, pursuant to the Plan, or receive future Employer Contributions, pursuant to the Plan.
Inactive Participant. An Eligible Employee who has Separated from Service who has not yet satisfied the Normal Retirement Age specified in the RMT on whose behalf the Employer has made a Contribution to an Account established under the Plan pursuant to Article V of the Trust. Inactive Participants are not eligible for reimbursement of Qualified Medical Expenses until they satisfy the Normal Retirement Age or received a disability retirement as specified in the RMT.
Inactive Participant. An Active Participant shall become an Inactive Participant on the earlier of the following: a) the date the Participant ceases to be an Eligible Employee, or b) the effective date of complete termination of the Plan under Article VIII. An Employee or former Employee who was an inactive participant under the Prior Plan on the day before the Restatement Date shall continue to be an Inactive Participant under this Plan on the Restatement Date. Eligibility for any benefits payable to the Participant or on his behalf and the amount of the benefits shall be determined according to the provisions of the Prior Plan, unless otherwise stated in this Plan. 24
Inactive Participant. An Active Participant shall become an Inactive Participant on the earliest of the following dates:
(a) The day following his Annuity Commencement Date.
(b) The day of his Voluntary Discontinuance.
(c) The day of his Termination of Employment.
(d) The effective date of Cessation of Stipulated Payments pursuant to Section 3, Article III.
Inactive Participant. 9 1.24 Insurer.............................................................................. 9 1.25
Inactive Participant. 10 2.26 INSIDER............................................... 10 2.27 INVESTMENT FUND(S).................................... 11 2.28
Inactive Participant. 7 1.37 Individual Tax Savings Contributions.................................................. 7 1.38 Key Employee.......................................................................... 7 1.39 Leased Employee....................................................................... 7 1.40