Group C Participant definition

Group C Participant means an eligible employee of the Employer who is a senior vice president, or employee of a lower rank, and designated as a Group C 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 C Participants are set forth on Schedule A attached hereto.
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Group C Participant means those persons designated by the Committee for the Plan Year to be Group C Participants.
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Group C Participant means (a) any Participant who, on a relevant Termination Date, is serving as a Senior Vice President of KB Home and has not been 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 C Participant.
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Examples of Group C Participant in a sentence

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

  • The Participant has been designated as a Group C Participant and shall be entitled to a Retirement Benefit calculated in accordance with the applicable provision of Section 3.1 of the Plan.

  • The Participant has been designated as a Group C Participant and shall be entitled to a normal Retirement Benefit calculated in accordance with the applicable provision of Section 3.1 of the Plan.

  • The named beneficiary of a Group B Participant, a Group C Participant or Group D Participant who dies after meeting the requirements of Section 4.2 shall receive a death benefit equal to five times his annual normal retirement benefit, as determined under Section 3.1 accrued as of the date of his death, and shall be subject to reduction or offset, if any, also as set forth in his Agreement.

  • If an individual first designated as a Group C Participant after October 31, 1998 is subsequently designated as a Group A Participant or as a Group B Participant, his entire benefit hereunder shall be calculated under Section 3.1.1.

  • If the Group B Participant, Group C Participant or Group D Participant dies after termination of employment but (a) after meeting the requirements of Section 5.2.2, above and (b) after payment of his retirement benefits has begun, his surviving spouse shall be entitled to receive any survivor benefit elected by the Participant before his death, in accordance with Section 5.2.2.3, below.

  • To be eligible for participation in the Plan, a person must be designated either a Group A Participant, Group B Participant, Group C Participant or Special Participant by the Committee and agree in writing to be a participant in the Plan bound by the terms and conditions hereof by executing the participant acknowledgment.

  • The early retirement benefit of a Group B Participant, a Group C Participant or a Group D Participant who retires on or after his Early Retirement Date but before his Normal Retirement Date shall be the amount determined under Section 3.1.1 or Section 3.1.2, as applicable, and Section 3.1.3, if applicable, reduced by the rate applicable under the early retirement reduction formula in the Salaried Pension Plan, for the period by which the beginning date of the payments precedes his Normal Retirement Date.

  • Each employee who has been designated as a Group A Participant, a Group B Participant, a Group C Participant or a Group D Participant shall be eligible to participate in the Plan.

  • Subject to Article 7, such an individual who is a participant who is eligible under Section 3(a) and who is a Group C Participant under the Retirement Plan shall be entitled to a monthly benefit for life commencing at age 65 equal to the Actuarial Equivalent of a lump sum benefit equal to (i) reduced by (ii), where(i) Equals the participant's Supplemental Retirement Account Balance, and(ii) Equals the participant's Retirement Account Balance under the Retirement Plan.

Related to Group C Participant

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

  • 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.

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

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

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

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • 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.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

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

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

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

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Principal Participant means any of the following entities:

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • Current Participant means a Class Member who has an Active Account in one or both the Plans as of August 5, 2020.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

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

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • 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.

  • 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).

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

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.