Covered Participants definition

Covered Participants means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated like such a covered employee.

Covered Participants shall have the meaning set forth in Section 6.02(a).

Covered Participants has the meaning set forth in Section 8.01(e)(i).

Examples of Covered Participants in a sentence

• The Committee shall establish the Performance Goals relating to Covered Participants for a Performance Period in writing.

• Covered Participants and Qualified Dependents who elect COBRA continuation coverage as a result of a Qualifying Event will be required to pay continuation coverage payments.

• In interpreting Plan provisions relating to Awards subject to Performance Goals paid to Covered Participants, it is the intent of the Plan to conform with the standards of Section 162(m) of the Code and Treasury Regulation §1.162-27(e)(2)(i), and the Committee in establishing such goals and interpreting the Plan shall be guided by such provisions.

• All performance-based Awards to Covered Participants shall be deemed to include any such additional terms, conditions, limitations and provisions as are necessary to comply with the performance-based compensation exemption of Code Section 162(m), unless the Committee, in its discretion, determines that any such Award is not intended to qualify for the exemption for performance-based compensation under Code Section 162(m).

• All Performance Measures, Goals, or Criteria relating to Covered Participants for a relevant Performance Period shall be established by the Committee in writing prior to the beginning of the Performance Period, or by such other later date for the Performance Period as may be permitted under Section 162(m) of the Code.

• Covered Participants and Qualified Dependents must make the continuation coverage payment prior to the first day of the month in which such coverage will take effect.

• All Awards to Covered Participants under this Plan shall be further subject to such other conditions, restrictions, and requirements as the Committee may determine to be necessary to carry out the purpose of this Section 10.

• The undersigned must review USAID ADS 206 to determine if any certifications are required for Key Individuals or Covered Participants.

• Awards subject to Performance Criteria paid to Covered Participants under this Plan shall be governed by the conditions of this Section 10 in addition to the requirements of Section 6.4, above.

• The Trustees are vested with discretionary and final authority in making all such decisions, including Trustee decisions upon claims for benefits by Covered Participants, Covered Dependents and other claimants, and including Trustee decisions interpreting plan documents of the Fund.

More Definitions of Covered Participants

Covered Participants means Covered Executives and Covered Senior Employees.

Covered Participants has the meaning set forth in Section 8.6(b)(i) of the Agreement.

Covered Participants means (1) individuals who were employed by Company or its Subsidiaries set forth on Schedule 4(f) prior to the Closing Date and who either (A) are actively employed by Company or its Subsidiaries set forth on Schedule 4(f) on or after the Closing Date or (B) become entitled to COBRA Coverage during the Transition Period and (2) covered eligible dependents of the individuals identified in clause (1).

Covered Participants means Covered Executive Participants and Covered Senior Participants.

Covered Participants means: those persons, other than Plaintiff (as defined below), who are entitled to a payment pursuant the terms of this Stipulation (as defined below). The names of all Covered Participants and theamounts to which they are entitled pursuant to this Stipulation (as defined below) are set forth on Exhibit 1 to this Stipulation.1