5% Owner definition

5% Owner means any Person that owns 5% or more of the Company's Ordinary Shares on a fully-diluted basis.

5% Owner means a Participant who (i) owns more than 5% of the outstanding stock (or owns stock possessing more than 5% of the total combined voting power of all classes of stock) of the Company (or any Affiliated Company), if the Company (or the Affiliated Company, whichever applies) is a corporation; or (ii) owns more than 5% of the capital or profit interest in the Company (or the Affiliated Company, whichever applies), if the Company (or the Affiliated Company, whichever applies) is not a corporation. A similar rule shall apply to the determination of a "1% Owner."

5% Owner means an Employee who, immediately after the grant of any rights under the Plan, would own Company Stock or hold outstanding options to purchase Company Stock possessing 5% or more of the total combined voting power of all classes of stock of the Company. For purposes of this Section, the ownership attribution rules of Code Section 425(d) shall apply.

Examples of 5% Owner in a sentence

• Once distribution begins to a 5% Owner, it shall continue even if the Participant ceases to be a 5% Owner.

• A 1% owner, determined under the definition of 5% Owner but replacing "5%" with "1%," whose Section 415 Compensation exceeds $150,000.

• For a Participant who is a 5% Owner, the April 1 following the calendar year in which the Participant attains age 70 1/2.

• For purposes of this Agreement, "Independent Third Party" shall mean any person who, immediately prior to the contemplated transaction, does not own in excess of 5% of the Common Stock on a fully-diluted basis (a "5% Owner"), who is not controlling, controlled by or under common control with any such 5% Owner and who is not the spouse or descendant (by birth or adoption) of any such 5% Owner or a trust for the benefit of such 5% Owner and/or such other persons.

• Notwithstanding anything to the contrary herein, as an express condition of this Warranty, prior to undertaking any repair or replacement of any affected Products and prior to exercising any rights set forth in Section 5, Owner must (i) notify Collins, in writing, within 60 days of first discovering the condition, at the address in Section 6 and provide annotated photographs, and (ii) allow Collins a reasonable period of time to inspect and/or investigate the condition of the Products in question.

More Definitions of 5% Owner

5% Owner means any person who owns directly or indirectly as defined in Section 416(i)(1)(B) of the Code (i) more than five percent (5%) of the outstanding stock of the Employer; or (ii) stock possessing more than five percent (5%) of the total combined voting power of all stock of the Employer. If the Employer is not a corporation, 5%-Owner means any person who owns more than five percent (5%) of the capital or profits interests in the Employer. For purposes of Section 401(a)(9) of the Code, a Participant shall be considered a 5%-Owner if such Participant is a 5%-Owner at any time during the Plan Year ending with or within the calendar year in which such 5%-Owner attains age 70 1/2.

5% Owner means any Person that (i) together with its Affiliates, directly or indirectly, has a pecuniary interest in at least five percent (5%) of the Units outstanding at the time of the IPO (other than through PubCo), except for any member of the PubCo Holdings Group, or (ii) is an Additional Permitted Transferee.

5% Owner has the meaning set forth in the definition of “Independent Third Party” below.

5% Owner means a Participant who is treated as a 5-percent owner for purposes of Section 416 of the Code at any time during the Plan Year ending with or within the calendar year in which such owner attains age 70-1/2.

5% Owner means any Person who owns in excess of 5% of the Common Stock on a fully diluted basis.

5% Owner means an Employee who, immediately after the grant of an Option, owns shares possessing more than 5% of the total combined voting power or value of all classes of shares of the Company or a parent or subsidiary corporation (as defined in Code Sections 424(e) and 424(f), respectively).

5% Owner of any Person means any other Person directly or indirectly owning, controlling or holding at least five percent (5%) or more of the outstanding voting securities, capital stock or equity of such Person.