ERISA Client definition

ERISA Client shall have the meaning specified in Section 3.7(b) hereof.

ERISA Client means each Client that is (i) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (ii) a plan, individual retirement account or other arrangement that is subject to Section 4975 of the Code, (iii) an employee benefit plan, plan, account or arrangement that is subject to any Similar Law, or (iv) any entity whose underlying assets are considered to include “plan assets” (as defined by the regulations of the Department of Labor, as amended by Section 3(42) of ERISA) of any such employee benefit plan, plan, account or arrangement, or a Person acting on behalf of such a Client.

ERISA Client has the meaning assigned in Section 6.18.

Examples of ERISA Client in a sentence

• The Firm will not knowingly hire or become associated with any person who may be ineligible to be associated with a registered investment adviser or to manage ERISA Client accounts (e.g., by reason of Section 411 of ERISA or Prohibited Transaction Class Exemption 84-14).

• Employees should never offer gifts, entertainment, or other favors for the purpose of influencing the ERISA Client or prospective Client decision-making.

• Notwithstanding the exceptions listed in 12.2.2 below, you may not accept any gift or entertainment offered in whole or in part because Ellington advises an ERISA Client or because of the amount of business conducted by Ellington on behalf of an ERISA Client.

• Before any ERISA Client account is activated, the Firm must receive from the plan a copy of the full plan documents.

• Employees should never offer gifts or other favors for the purpose of influencing ERISA Client or prospective Client decision-making.

More Definitions of ERISA Client

ERISA Client shall have the meaning specified in Section 3.7(c) hereof.

ERISA Client means each client of the Company or any of its subsidiaries that is (i) an employee benefit plan (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA or a plan defined in Section 4675(e)(1) of the Code, (ii) a Person acting on behalf of such a plan or (iii) an entity whose assets include the “plan assets” within the meaning of ERISA and applicable regulations.

ERISA Client means (i) an employee benefit plan, as defined in Section 3(3) of ERISA, that is subject to Title I of ERISA, or a plan subject to Section 4975 of the Code; or (ii) an entity deemed to hold the “plan assets” of either of the foregoing (within the meaning of the U.S. Department of Labor regulation located at 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA).

ERISA Client shall have the meaning set forth in Section 2.10(c)(iii).

ERISA Client has the meaning set forth in Section 3.1(z)(ii)(g).

ERISA Client defined in Section 3.1.8(b)(i).

ERISA Client means any Client that is a “benefit plan investor,” within the meaning of 29 C.F.R. § 2510.3 101(f)(2) or Section 3(42) of ERISA.