Shareholder Employee Sample Clauses

Shareholder Employee. An Employee or officer who owns [or is considered as owning within the meaning of Code Section 318(a)(1)], on any day during the taxable year of an electing small business corporation (S Corporation), more than 5% of such corporation’s outstanding stock.
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Shareholder Employee. An Employee or Officer who owns [or is considered as owning within the meaning of Code Section 318(a)(1)], on any day during the taxable year of an electing small business corporation (S Corporation), more than 5% of such corporation's outstanding stock.
Sample 1Sample 2Sample 3See All (7)
Shareholder Employee. The term Shareholder-Employee means, in the case of an Employer or Affiliated Employer which is an electing small business corporation, an individual who is an employee or officer of such electing small business corporation and owns, or is considered as owning within the meaning of Code Section 318(a)(1), on any day during the taxable year of such corporation, more than 5% of the outstanding stock of the corporation.
Sample 1Sample 2See All (5)
Shareholder Employee. If Company is an S Corporation, an Employee of Company who either individually or together with his spouse, children, grandchildren and parents, owns more than 5% of Company's outstanding stock on any day during the Plan Year.
Sample 1Sample 2Sample 3See All (4)
Shareholder Employee. An Employee or officer of an electing small business (Subchapter S) corporation who owns (or is considered as owning with the meaning of Code section 318) on any day during the taxable year of the corporation more than 5 percent of the outstanding stock.
Sample 1
Shareholder Employee. 6 1.59 Simplified Employee Pension Plan . . . . . . . . . . . . . . . . . . . 6 1.60 Sponsor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.61 Spouse (Surviving Spouse) . . . . . . . . . . . . . . . . . . . . . . 6 1.62 Super Top-Heavy Plan . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.63 Taxable Wage Base . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.64 Top-Heavy Determination Date . . . . . . . . . . . . . . . . . . . . . 6 1.65 Top-Heavy Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.66 Top-Heavy Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.67
Sample 1
Shareholder Employee. 3 3.47 Sponsor......................................................... 3 3.48 Top Heavy....................................................... 4 3.49 Top Heavy Ratio................................................. 4 3.50 Trustee......................................................... 4 3.51 Vested Interest, Vesting or Vested.............................. 4 3.52
Sample 1
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Related to Shareholder Employee

  • Regular Part-Time Employee A regular part-time employee is an employee hired to fill a posted part-time position and is regularly pre-scheduled to work.

  • Regular Employee Seniority for a regular employee is defined as the length of the employee’s continuous employment (whether full-time or part-time) from the date of commencement of regular employment, plus any seniority accrued, while working as a casual employee of the Employer.

  • New Employee (a) (i) Unless the Parties agree, in writing, to an extension of the probationary period, all Employees who work greater than twenty-four (24) hours per week shall be considered probationary for a period of up to three (3) calendar months following date of appointment to the University.

  • Key Employee Key employee means any employee or former employee (including any deceased employee) who at any time during the plan year that includes the determination date was an officer of the employer having annual compensation greater than $130,000 (as adjusted under Section 416(i)(1) of the Code for plan years beginning after December 31, 2002), a 5-percent owner of the employer, or a 1-percent owner of the employer having annual compensation of more than $150,000. For this purpose, annual compensation means compensation within the meaning of Section 415(c)(3) of the Code. The determination of who is a key employee will be made in accordance with Section 416(i)(1) of the Code and the applicable regulations and other guidance of general applicability issued thereunder.

  • RIGHTS AS A STOCKHOLDER, DIRECTOR, EMPLOYEE OR CONSULTANT The Participant shall have no rights as a stockholder with respect to any shares covered by the Option until the date of the issuance of the shares for which the Option has been exercised (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date the shares are issued, except as provided in Section 9. If the Participant is an Employee, the Participant understands and acknowledges that, except as otherwise provided in a separate, written employment agreement between a Participating Company and the Participant, the Participant’s employment is “at will” and is for no specified term. Nothing in this Option Agreement shall confer upon the Participant any right to continue in the Service of a Participating Company or interfere in any way with any right of the Participating Company Group to terminate the Participant’s Service as a Director, an Employee or Consultant, as the case may be, at any time.

  • Employee Employee’s rights and obligations under this Agreement shall not be transferable by Employee by assignment or otherwise, without the prior written consent of the Company; provided, however, that if Employee shall die, all amounts then payable to Employee hereunder shall be paid in accordance with the terms of this Agreement to Employee’s devisee, legatee, or other designee, or if there be no such designee, to Employee’s estate.

  • Regular Part-Time Employees A regular part-time employee is one who works less than full-time on a regularly scheduled basis. Regular part-time employees accumulate seniority on an hourly basis and are entitled to all benefits outlined in this Collective Agreement. Regular part-time employees shall receive the same perquisites, on a proportionate basis, as granted regular full-time employees.

  • Eligible Employee For purposes of the SIMPLE 401(k) Plan provisions, any Employee who is entitled to make Elective Deferrals under the terms of the SIMPLE 401(k) Plan.

  • Part-Time Employee Part-time employee" means an employee who is normally scheduled to work fewer than 80 hours in a biweekly payroll period.

  • Stockholder Lock-Ups The Company has caused to be delivered to you prior to the date of this Agreement a letter, in the form of Exhibit A hereto (the “Lock-Up Agreement”), from each individual or entity listed on Schedule IV. The Company will enforce the terms of each Lock-Up Agreement and issue stop-transfer instructions to the transfer agent for the Common Stock with respect to any transaction or contemplated transaction that would constitute a breach of or default under the applicable Lock-Up Agreement.

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