o   Benefiting Participants Sample Clauses

o   Benefiting Participants. Any Participant selected in paragraph (b) < o who is a NHCE for the Allocation Period > will be a Benefiting Participant for purposes of the allocations under paragraph (a)(3) above if the Participant also satisfies the requirements selected below for the Allocation Period. (1) Participants who are still Employees on the last day of the Allocation Period (2) Participants who Terminate Employment before the last day of the Allocation Period because of retirement on or after Normal Retirement Age < o or Early Retirement Age > o Will not be Benefiting Participants for that Allocation Period o Will always be Benefiting Participants regardless of Service o Must be credited with ____ (max. 1,000) Hours of Service in the Allocation Period o Must be credited with a ____ (max. 6) month Period of Service in the Allocation Period o Must be credited with ____ (max. 6) consecutive calendar months of employment in the Allocation Period o Must be credited with ____ (max. 182) consecutive days of employment in the Allocation Period (3) Participants who Terminate Employment before the last day of the Allocation Period because of Disability (4) Participants who Terminate Employment before the last day of the Allocation Period because of death (5) Participants who Terminate Employment before the last day of the Allocation Period for any other reason
Sample 1
AutoNDA by SimpleDocs
o   Benefiting Participants. Any Participant selected in paragraph (c) < o who is a NHCE for the Allocation Period > will be a Benefiting Participant for purposes of the allocations under paragraph (a)(3) above, provided the Participant also satisfies the applicable requirements in Section 6.2 of the Adoption Agreement.
Sample 1
o   Benefiting Participants. Any Participant selected in paragraph (c) < o who is a NHCE for the Allocation Period > will be a Benefiting Participant for purposes of the allocations under paragraph (a)(3) if the Participant satisfies < o the applicable requirements in Section 1.8 > < o the requirements set forth below >. (1) Participants who are still Employees on the last day of the Allocation Period (2) Participants who Terminate Employment before the last day of the Allocation Period because of retirement on or after Normal Retirement Age < o or Early Retirement Age > o Will not be Benefiting Participants for that Allocation Period o Will always be Benefiting Participants regardless of Service o Must be credited with (max. 1,000) Hours of Service in the Allocation Period o Must be credited with a (max. 6) month Period of Service in the Allocation Period o Must be credited with (max. 6) consecutive calendar months of employment in the Allocation Period o Must be credited with (max. 182) consecutive days of employment in the Allocation Period (3) Participants who Terminate Employment before the last day of the Allocation Period because of Disability o Will not be Benefiting Participants for that Allocation Period o Will always be Benefiting Participants regardless of Service o Must be credited with ______ (max. 1,000) Hours of Service in the Allocation Period o Must be credited with a (max. 6) month Period of Service in the Allocation Period o Must be credited with (max. 6) consecutive calendar months of employment in the Allocation Period o Must be credited with (max. 182) consecutive days of employment in the Allocation Period (4) Participants who Terminate Employment before the last day of the Allocation Period because of death o Will not be Benefiting Participants for that Allocation Period o Will always be Benefiting Participants regardless of Service o Must be credited with (max. 1,000) Hours of Service in the Allocation Period o Must be credited with a (max. 6) month Period of Service in the Allocation Period o Must be credited with (max. 6) consecutive calendar months of employment in the Allocation Period o Must be credited with (max. 182) consecutive days of employment in the Allocation Period (5) Participants who Terminate Employment before the last day of the Allocation Period for any other reason
Sample 1

Related to o   Benefiting Participants

  • Eligible Participants Families and individuals experiencing homelessness. For the purposes of the Program, families and individuals are considered to be homeless only when he/she/they lack(s) a fixed, regular and adequate nighttime residence and reside(s) in a place not meant for human habitation, such as cars, parks, sidewalks, abandoned buildings, motels, or other shelters, or for reference as further defined in 24 CFR Part 578.3 and 576.2.

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • Participating Employers As of the Effective Date, the following Participating Employer(s) are parties to the Plan:

  • Payments to Plan Participants and Their Beneficiaries (a) Company shall deliver to Trustee a schedule (the "Payment Schedule") that indicates the amounts payable in respect of each Plan participant (and his or her beneficiaries), that provides a formula or other instructions acceptable to Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Plan), and the time of commencement for payment of such amounts. Except as otherwise provided herein, Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by Company. (b) The entitlement of a Plan participant or his or her beneficiaries to benefits under the Plan shall be determined by Company or such party as it shall designate under the Plan, and any claim for such benefits shall be considered and reviewed under the procedures set out in the Plan. (c) Company may make payment of benefits directly to Plan participants or their beneficiaries as they become due under the terms of the Plan. Company shall notify Trustee of its decision to make payment of benefits directly prior to the time amounts are payable to participants or their beneficiaries. In addition, if the principal of the Trust, and any earnings thereon, are not sufficient to make payments of benefits in accordance with the terms of the Plan, Company shall make the balance of each such payment as it falls due. Trustee shall notify Company where principal and earnings are not sufficient.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Participant See Section 7(a) hereof.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • Individual Account An individual account is an account owned by you alone, which you as the account owner use during your lifetime.

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

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