Active Participants definition
Examples of Active Participants in a sentence
The term of the Agreement shall commence on the Effective Date and continue through Provider’s State determined term of agreement for participation, as well as the existence of assigned Active Participants.
If the Plan is not integrated with Social Security, the Employer's contribution (as specified in the Adoption Agreement) for any Plan Year (and any forfeitures, if forfeitures are allocated to Active Participants in accordance with Section 3.2) shall be allocated to the Regular Account of each Active Participant in the ratio in which each Active Participant's Compensation for the Plan Year bears to that of all Active Participants for such Plan Year.
Upon reaching his Normal Retirement Age, an Active Participant's right to his retirement benefit shall be nonforfeitable.
If so authorized, the Committee may elect to provide all Active Participants with the option of having life insurance or annuity contracts (hereinafter referred to as "policy") purchased on their behalf from a legal reserve life insurance company.
Unless the additional eligibility requirement is selected below, Qualified Matching Employer Contributions shall be allocated to all Participants who were Active Participants during the Contribution Period and who meet the continuing eligibility requirement(s) described in Subsection 1.11(e) above for the type of Matching Employer Contribution being characterized as a Qualified Matching Employer Contribution.