Group B Participant definition

Group B Participant means an eligible employee of the Employer who is an executive vice president and designated as a Group B Participant by the Committee, with the consent of the Board of Directors. Each employee so designated shall, as a condition of participation, enter into an Agreement with the Company, setting forth, among other things, the amount of retirement and death benefits to which he is entitled under the Plan. The names of all Group B Participants are set forth on Schedule A attached hereto.

Group B Participant means a Covered Employee (other than the CEO and a Group A Participant) who is an “officer” of the Company as defined by Rule 16a-1(f) under the Securities Exchange Act of 1934 as amended, or any successor thereto.

Group B Participant means, with respect to a payroll period, a Participant other than a Group A Participant for that payroll period.

Examples of Group B Participant in a sentence

• If the Participant is a Group B Participant under the Retirement Plan, the Target Benefit is the Accrued Monthly Pension he or she would have had under Sec.

• If a Group A or Group B Participant formerly employed by the Company or its Affiliates is rehired by the Company or an Affiliate on or after January 1, 2006, amounts paid during the period of reemployment will be disregarded for purposes of determining his or her Monthly Earnings.

• The Participant shall be considered a Group B Participant for all purposes of the Plan and this Agreement shall be interpreted accordingly.

• For purposes of calculating Final Average Pay for each Group B Participant under Section 1.11 of the Plan, the average monthly pay of the Group B Participant for the highest two out of the last five calendar years of Company employment shall be used in such determination instead of such pay for the highest three out of the last ten calendar years of Company employment.

• For purposes of calculating Continuous Service for each Group B Participant under Section 1.8 of the Plan, one additional year of service will be added to such Participant’s Continuous Service.

More Definitions of Group B Participant

Group B Participant means those persons designated by the Committee for the Plan Year to be Group B Participants.

Group B Participant means any individual being a director (including executive

Group B Participant means any individual being a director (including executive and non- executive director), employee, officer, agent or consultant of the Company or any subsidiary;

Group B Participant means any Eligible Participants;

Group B Participant means a Participant who during the Plan Year is a highly compensated employee within the meaning of Section 414(q) of the Code and any regulation, notice or other guidance issued by the Internal Revenue Service thereunder. The determination of whether an individual is a highly compensated employee may be made by the Plan Administrator on the basis of any election provision permitted under such regulation, notice or other guidance. A "Group A Participant" means a Participant other than a Group B Participant.

Group B Participant means (a) any Participant who, on a relevant Termination Date, is serving as a Senior Vice President of KB Home and is designated by the Board as an “executive officer” within the meaning of Rule 3b-7 under the Securities Exchange Act of 1934, as amended; or (b) any other Participant who is expressly designated by the Committee or the Board as a Group B Participant.

Group B Participant means, with respect to a particular Performance Period, each senior executive officer of the Corporation or the Bank whom the Committee selects to participate under Section 6 of the Plan for such Performance Period.