Class B Participant definition

Class B Participant means a Participant designated as a Class B Participant by the Committee.

Class B Participant means a party that is not a member or an Associate of the Company but has received approval from the Company, subject to the Company’s right to withdraw its approval at any time, to use the qualified matching service to buy or sell Class B Units, subject to the terms of this Policy and the Trading Service Operations Manual of the QMS, as defined below, used by the Company. “Conditional Sales” are sales that are not made on an arm’s length basis between a willing buyer and a willing seller. Historically, conditional sales have been sales substantially below general trading prices between family members, among business associates, to settle estates, and similar transactions.

Class B Participant means any participant who joined the principal scheme on or after 17th March 1987 and before 1st June 1989 and has not elected to become a Class A participant;

Examples of Class B Participant in a sentence

• No advance payment shall be made and the successful bidder has to sign an agreement on non-judicial stamp paper which shall contain clause related to liquidated damages on account of delays, errors, cost and time over runs etc..

• To be eligible to receive logon information to access the QMS to submit offers to purchase Class B Units, an applicant must be a Unitholder, Associate, or Class B Participant of the Company.

• You become a Class B Participant as of the date Employer Contributions are received on your behalf by the Fund Office.

• 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.

• If you are a Class B Participant who has a home local other than Local 392, you are not entitled to SUB Benefits until you become a Class A Participant pursuant to Section 1.06(E).

• The Executive shall be a Class B Participant in the Company's SERP.

• If you are a Class B Participant who has a home local other than Local 392, and who has not attained four years of Credited Service under Section 1.06(A) during the first four years of such classification, you shall become a Class A Participant once you complete four (4) consecutive periods (of at least a year) during which you attained a minimum of 1,200 hours of Credited Service during each period.

• As a Class B Participant who has a home local other than Local 392, you are not eligible to receive any benefits under this Plan until you become a Class A Participant pursuant to Section 1.06(E).

• Depending on your length of service, you are either a Class B Participant or a Class A Participant (as defined in Section 1.06).

• Two (2) times Final Annual Base Pay minus fifty thousand dollars ($50,000) in the case of a Class B Participant.

More Definitions of Class B Participant

Class B Participant means a Participant who is an Executive Vice President.

Class B Participant means a key manager of the Company who became eligible to participate in this Plan prior to January 1, 1998

Class B Participant means any Senior Vice President of the Company employed by the Company prior to and on the date of the occurrence of a Change in Control.

Class B Participant means a party that is not a member or an Associate of the Company but has received approval from the Company, subject to the Company’s right to withdraw its approval at any time, to use the qualified matching service to buy or sell Class B Units, subject to the terms of this Policy and the Trading Service Operations Manual of the QMS, as defined below, used by the Company. “Conditional Sales” are sales that are not made on an arm’s length basis between a willing buyer and a willing seller. Historically, conditional sales have been sales substantially below general trading prices between family members, among business associates, to settle estates, and similar transactions. “Non-Conditional Sales” are sales agreed to through the QMS or privately where the buyer and seller have negotiated or determined a fair market price for the Units to be transferred. The Company will, in its sole discretion, determine whether a sale is Conditional or Non-Conditional.

Class B Participant means a Participant who has been designated by the Administrator to participate in the Class B Participant Program pursuant to Article 4.

Class B Participant. DVL and Pem Mil, together with their permitted successors and assigns.