Active Association definition

Active Association means the performance of services by an Associate, Soliciting Broker, Sales Coordinator or Special Associate, who is properly licensed by the applicable regulatory authority, pursuant to a written contract with the Plan Sponsor for the solicitation of applications for certain insurance products of the Plan Sponsor, prior to the effective date of any termination of such contract whether for cause or without cause. Active Association shall also include a period of employment as an employee of the Plan Sponsor to the extent that such employment immediately precedes or follows a period of Active Association as it is defined above.
Sample 1Sample 2Sample 3
Active Association means the performance of services by an Associate, Sales Coordinator, or Special Associate, is properly licensed by the applicable regulatory authority, pursuant to a written contract with the Plan Sponsor for the solicitation of applications for certain insurance products of the Plan Sponsor, prior to the effective date of any termination of such contract whether for cause or without cause.
Sample 1

Examples of Active Association in a sentence

  • Except as provided in Sections 3.8 and 3.9, contributions will be made only on behalf of Participants who are in Active Association with the Plan Sponsor.

  • The Participant shall thereafter be 100% vested at all times in the balances of his or her Individual Accounts and, within 45 days after the end of each calendar year until the Participant terminates his or her Active Association with the Plan Sponsor, the Plan shall distribute to the Participant the balance of the Participant's Individual Shares Account as of the end of such year (including amounts allocated to the Account for the twelfth month of the calendar year).

  • In the event of a Participant's termination of Active Association with the Plan Sponsor by reason of the Participant's total and permanent disability, such Participant shall be 100% vested in the balances of his or her Individual Accounts on the date of such termination.

  • Except as provided in Sections 3.9 and 3.10, contributions will be made only on behalf of Participants who are in Active Association with the Plan Sponsor.

  • Active Association shall also include a period of employment as an employee of the Plan Sponsor to the extent that such employment immediately precedes or follows a period of Active Association as it is defined above.

Related to Active Association

  • Trade association means an entity recognized by the State in which the entity is doing business as a trade association and shall not include an organization that is formed for the purposes of providing insurance. “Transaction cutoff date” for weekly data reporting is 8 p.m. Central time on Friday of each week and for monthly data reporting is 8 p.m. Central time on Friday after the first Sunday of the month.

  • Community association means an association in which membership is a condition of ownership or shareholder interest of a unit in a condominium, cooperative, townhouse, villa, or other residential unit that is part of a residential development plan as a master association or common interest community and that is authorized to impose an assessment and other costs that may become a lien on the unit or lot.

  • professional association means a self-regulatory organization of engineers, geoscientists or both engineers and geoscientists that

  • Savings association means a Fed- eral savings and loan association or a Federal savings bank chartered under section 5 of the Home Owners’ Loan Act, a building and loan, savings and loan or homestead association or a co- operative bank (other than a coopera- tive bank described in 12 U.S.C. 1813(a)(2)) the deposits of which are in- sured by the Federal Deposit Insurance Corporation, and any corporation (other than a bank) the deposits of which are insured by the Federal De- posit Insurance Corporation that the Office of the Comptroller of the Cur- rency and the Federal Deposit Insur- ance Corporation jointly determine to be operating in substantially the same manner as a savings association, and shall include any savings bank or any cooperative bank which is deemed by the Office of the Comptroller of the Currency to be a savings association under 12 U.S.C. 1467a(1).

  • Participating physician means a physician licensed in Virginia to practice medicine, who practices

  • Homeowners association means a person having the authority to enforce the provisions of a declaration.

  • Member Association means any national football association affiliated to FIFA, irrespective of whether its representative team is participating in the Competition.

  • Associate Company means any other Company, in which the Company has a significant influence, but which is not a Subsidiary Company of the Company having such influence and includes a joint venture company.

  • Owners Association means any association or organization created pursuant to the Owners’ Association Documents.