Examples of Class A Participant in a sentence
The term “Participant” shall mean any Employee who is either a Class A Participant or Class B Participant as defined in Section 1 of this Plan.
However, if an Eligible Employee is newly hired or promoted into one of the following positions (Chairman of the Board, President and CEO, President & COO - PSEG Power, EVP & General Counsel, EVP & CFO, PSEG, President & COO, PSE&G and COB, PSEGLI), the Eligible Employee shall be referred to as a Class A Participant.
For Example: Assume that George is a Class A Participant and his wage rate under the current Collective Bargaining Agreement is $28.39 per hour.
Upon the Class A Participant becoming eligible to receive Medicare Coverage, such Class A Participant shall elect a Medicare plan that includes prescription drug coverage (the “Medicare Plan”).
Depending on your length of service, you are either a Class B Participant or a Class A Participant (as defined in Section 1.06).
The Steering Committee shall include one (1) person elected by the Class A Participant and not less than three (3) persons and not more than six (6) persons elected by the Class B Participants.
Additional meetings may be called by the representative of the Class A Participant or by any three Steering Committee members.
However, if an Eligible Employee is newly hired or promoted into one of the following positions (Chairman of the Board, President and CEO, President & COO – PSEG Power, EVP & General Counsel, EVP & CFO, PSEG, President & COO, PSE&G and COB, PSEGLI), the Eligible Employee shall be referred to as a Class A Participant.
An affirmative vote of the Steering Committee representative of the Class A Participant and at least fifty percent (50%) of the Steering Committee representatives of the Class B Participants shall be required to adopt any resolution or proposal before the Steering Committee that deals with the approval of the release to the public of Work of JA-SIG, or the adoption or approval of the disposition, acceptance, or assignment of any intellectual property rights.
A Class A Participant may assign to one or more individuals or trustees all or any part of the Participant’s right, title, claim, interest, benefit and any other incidents of ownership in the Policy under the Plan, provided that such assignment shall be subject to the terms and conditions of the Plan.