Electing Participant definition

Electing Participant means any Backstop Participant delivering a Call Participation Notice.
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Electing Participant shall have the meaning set forth in Section 6.3 of this Agreement.
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Electing Participant means an Employee who: (1) was a Participant on April 1, 1991 and (2) by an instrument in writing filed with the Administrator no later than August 31, 1991, elects to receive a Lump Sum Payment.
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Examples of Electing Participant in a sentence

  • The amount each Electing Participant so elected to convert to cash was credited to the Standard Deferral Account of such Electing Participant under the Deferred Compensation Plan.

  • These additions to Age and Service shall apply for purposes of computing the single life annuity amount with regard to the Electing Participant; for purposes of any actuarial reduction for early commencement; and for purposes of applying the Section 2.08 definition of Effective Retirement Date to this Article V-A.

  • The Ownership Interest proposed to be transferred by each Majority Seller and Electing Participant shall be transferred free and clear of all liens, claims and encumbrances of any kind (other than those imposed by federal and state securities laws, this Agreement, the LLC Agreement or the Limited Partnership Agreement).

  • Each Electing Participant will be obligated to purchase their Pro Rata Portion of the Trust Shares and to pay their corresponding portion of the Call Purchase Price.

  • For relevant purposes of the Plan other than this Article VI, an Electing Participant shall be deemed to be a Participant, without regard to whether or not he has elected to defer all or any portion of his Fees for a Year.

  • Within a reasonable period before the first day of each Plan Year, each Eligible Participant shall be entitled to elect (i) to receive distribution of Designated Dividends payable hereunder in the form of cash (any such Participant referred to herein as an Electing Participant), or (ii) to reinvest the amount of such Dividends in the Qualifying Employer Securities Fund.

  • Each Electing Participant shall receive shares of Stock in lieu of some or all of his or her Retainer on the Award Date or, if the Electing Participant has made a deferral election, the Electing Participant will receive RSUs for some or all of his or her Retainer that will be settled in shares of Stock upon the Electing Participant’s Separation from Service.

  • Any and all compensation, fees and other expenses of the Advisor shall be paid by the Electing Participants, pro rata, based on the number of shares to be sold by each Electing Participant in a Coordinated Block Trade.

  • The amount of this Tax Distribution will be paid over as federal and state income tax withholding with respect to the Electing Participant.

  • With respect to each Electing Participant, effective as of April 2, 2007, an amount equal to 90% of the Restructured Amount shall be transferred and credited to a new single Account (a “Restructured Account”) and the remaining portion of the Electing Participant’s Restructured Amount shall be cancelled for no consideration.


More Definitions of Electing Participant

Electing Participant means: (i) an employer who participates in the AAP; and (ii) an individual who has optional coverage with an Assessing Board, who is responsible to pay assessment for such coverage, and who participates in the AAP;
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Electing Participant means (i) all Participants with respect to Plan Years ending on or prior to December 31, 1999, (ii) any Participant who elects as provided by the Administrator for the Plan Year ending December 31, 2000 to have contributions made by the Company to the Trust to satisfy the liability of the Company to such Participant under the Plan, and (iii) with respect to each Plan Year commencing after December 31, 2000, any Participant who elects on such person's application for participation for a Plan Year to have contributions made by the Company to the Trust to satisfy the liability of the Company to such Participant under the Plan.
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Electing Participant means a Participant who delivers a written notice, electing to have the foregoing provision of this Amendment apply to himself or herself, to the Committee no later than 25 business days after the effective date of this Amendment.
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Electing Participant means an Employee who: (1) was a Participant on January 1, 1992, and (2) by an instrument in writing filed with the Administrator no later than May 31, 1992, elects to receive a Lump Sum Payment.
Sample 1
Electing Participant has the meaning set forth in Section 3.6(b).
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Related to Electing Participant

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Other Participant means a cooperative project participant other than the United States.

  • Voting Participant has the meaning specified in Section 10.06(d).

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

  • Participant has the meaning specified in Section 10.06(d).

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

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Clearing Participant has the meaning given to such term in the rules of CCASS.

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Reporting Participant means a Participant who is subject to the reporting requirements of Section 16 of the Exchange Act.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Study Participant means a person recruited to participate in the Study.

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • U.S. Participant means any Participant who is a United States citizen or United States resident alien as defined for purposes of Section 7701(b)(1)(A) of the Code or for whom an Award is otherwise subject to taxation under the Code.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.