Qualified Participants Clause Samples

The "Qualified Participants" clause defines the criteria that individuals or entities must meet to be eligible to participate in a particular agreement, program, or transaction. Typically, this clause outlines specific qualifications such as financial thresholds, professional status, or regulatory approvals that participants must possess. For example, it may restrict participation to accredited investors or licensed professionals. The core function of this clause is to ensure that only suitable and compliant parties are involved, thereby managing risk and maintaining regulatory compliance.
Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). [ ] (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): [ ] (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. [ ] (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (b), (c) and (d). To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: [X] (b) Be credited with 1,000 (choose 1, 501 or 1,000) Hours of Service in the Plan Year. [X] (c) Be an Employee of the last day of the Plan Year. [X] (d) Retire, die or become disabled during the Plan Year.
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Qualified Participants. Employer will identify and sponsor key employees to participate in the SVEP grant funded green training program(s). They will provide a supportive environment which allows employees to complete training, apply new skills, and attain a credential.
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Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of(b), (c), and (d). /X/ (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i)or (ii)): /X/ (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, retire, die, or become disabled in the Plan Year. / / (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c), and (d), or any combination of (b), (c), and (d). 12 To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: / / (b) Be credited with _____ (Choose 1, 501, or 1,000) Hours of Service in the Plan Year. / / (c) Be an Employee on the last day of the Plan Year. / / (d) Retire, die, or become disabled during the Plan Year.
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Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year.
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Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (b), (c) and (d).
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Related to Qualified 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.

  • Eligible Employees Regular and probationary, full time and less than full-time employees (on a pro rata basis) are eligible to participate in this program. Sec. 903 COURSES ELIGIBLE: The following criteria will be used in determining eligibility for reimbursement:

  • Rights of Participants Any participant in a Lender's interests hereunder may assert any claim for yield protection under Section 4.03 that it could have asserted if it were a Lender hereunder. If such a claim is asserted by any such participant, it shall be entitled to receive such compensation from the Borrower as a Lender would receive in like circumstances; provided, however, that with respect to any such claim, the Borrower shall have no greater liability to the Lender and its participant, in the aggregate, than it would have had to the Lender alone had no such participation interest been created.

  • 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.