Eligible Player definition
Examples of Eligible Player in a sentence
The PWHL shall maintain a group life insurance policy providing a face policy amount of at least $55,000 dollars per Benefits Eligible Player.
Each Eligible Player will be fully vested in the PEP Benefit and the ▇▇▇ ▇▇▇▇▇▇▇▇▇ purchased on his behalf, and the payments pursuant to the PEP Annuities shall become payable to the player on the later of (i) the 12-month anniversary of the last Regular Season game of the player’s last Regular Season or (ii) the 6-month anniversary of the player’s 30th birthday.
An Eligible Player’s PEP Benefit is expected to be taxable as income to such Eligible Player and each Team will report, and withhold from, such amount as it deems necessary to satisfy any federal, state, local or other tax of any kind.
The amount of the PEP Benefit to be applied toward the purchase of the PEP Annuities in respect of an Eligible Player for a Covered Regular Season shall be the PEP Benefit with respect to such Eligible Player for such Covered Season less the amount of the Eligible Player’s portion of any applicable federal, state, local or other withholding taxes of any kind attributable to the PEP Benefit (the “After-Tax PEP Benefit”).
For each Covered Regular Season, each Eligible Player will receive a benefit under the PEP equal to an amount to be negotiated between the NBA and Players Association for such Covered Regular Season (the “BRI Deferral”).