Disqualified Person definition
Disqualified Person has the meaning assigned to such term in Section 9.05(f)(ii).
Disqualified Person means a person who —
Disqualified Person with respect to the Company Plans has engaged in a non-exempt "prohibited transaction" within the meaning of Section 4975 of the Code or Section 406 of ERISA. No fiduciary has any liability for breach of fiduciary duty or any other failure to act or comply in connection with the administration or investment of the assets of any Company Plan.
Examples of Disqualified Person in a sentence
For the sake of clarity, the provisions in this Section 11.06(g) shall not apply to any Person that is an assignee of any Disqualified Person, if such assignee is not a Disqualified Person.
More Definitions of Disqualified Person
Disqualified Person means a Person whose senior debt does not have an Investment Grade Rating with either Moody’s or S&P on (a) the date on which (i) such Person becomes a beneficial owner of the Issuer or (ii) the sale, lease or transfer, in one or a series of transactions, of all or substantially all of the assets of the Issuer and its Subsidiaries taken as a whole occurs, or (b) any day until the date that is 45 days after the date described in clause (a).
Disqualified Person shall have the meaning as set forth in Section 4.15(f) of the Agreement.
Disqualified Person means any of the following persons whether the thing that has happened to the person happened before or after the commencement of this definition:
Disqualified Person with respect to the Plans has engaged in a "prohibited transaction" within the meaning of Section 4975 of the IRC or Section 406 of ERISA.
Disqualified Person. (as defined in Code Section 4975(e)(2)) of any Seller Benefit Plan has engaged in any nonexempt “prohibited transaction” (described in Code Section 4975(c) or ERISA Section 406).
Disqualified Person means any stockholder, other Owner or Proposed Transferee as to which clause (i) or (ii) of paragraph (c) of this Section 5 is applicable.
Disqualified Person means a person whose registration has been cancelled and name removed from the register under section 79(1)(i).