K-1 Employees definition
K-1 Employees means individuals that are subject to Schedule K-1 Tax reporting for whom payments are processed by the Company and who are permitted to participate in one or more Employee Plans, in each case pursuant to a Contract with the Company that is an Administrative Services and Partner Benefit Agreement or an Administrative Services and Member Benefit Agreement.
Examples of K-1 Employees in a sentence
K-1 Employees will receive at least five (5) consecutive days off at Christmas or New Year's.
Where required by Applicable Laws, the Company’s legal basis for the transfer of the Grantee’s Personal Data to the U.S.A. is the Grantee’s explicit consent.
K-1 Employees shall, unless unavoidably prevented from doing so, give the Employer as much notice as possible of their not reporting for duty.