Common use of Owner-Employee Clause in Contracts

Owner-Employee. A sole proprietor who owns the entire interest in the Employer or a partner who owns more than 10% of either the capital interest or the profits interest in the Employer and who receives income for personal services from the Employer.

Appears in 2 contracts

Samples: 401(k) Plan and Trust Agreement (Hastings Entertainment Inc), 401(k) Plan and Trust Agreement (Hastings Entertainment Inc)

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Owner-Employee. A An individual who is a sole proprietor or who owns the entire interest in the Employer or is a partner who owns more than 10% of either the capital interest or the profits interest in of the Employer and who receives income for personal services from the Employerpartnership.

Appears in 1 contract

Samples: Profit Sharing Plan and Trust Agreement (Brigham Exploration Co)

Owner-Employee. A An Employee who is the sole proprietor who owns the entire interest in the Employer of, or a partner who owns owning more than 10% of either the a capital interest or the a profits interest in in, the Employer and who receives income for personal services from business of the Employer.

Appears in 1 contract

Samples: Adoption Agreement (Lam Research Corp)

Owner-Employee. A “Owner-Employee” means the sole proprietor who owns the entire interest in proprietor, if the Employer is a sole proprietorship, or a partner who owns more than 10% 10 percent of either the capital interest or the profits interest in interest, if the Employer and who receives income for personal services from the Employeris a partnership.

Appears in 1 contract

Samples: Retirement Plan Agreement

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Owner-Employee. A Employee means a sole proprietor who owns the entire interest in the Employer or a partner who owns more than ten percent (10% %) of either the capital interest or the profits interest in the an unincorporated Employer and who receives income from such unincorporated Employer for personal services from the Employerservices.

Appears in 1 contract

Samples: Profit Sharing and Savings Plan and Trust (Patina Oil & Gas Corp)

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