Leased Employees definition

Leased Employees means any individuals who meet the definition of “leased employee” in Section 414(n) of the Internal Revenue Code, as amended and related regulations.

Leased Employees has the meaning set forth in Section 3.22.

Leased Employees has the meaning set forth in Section 5(a)(i).

Examples of Leased Employees in a sentence

• The Plan does not treat a Leased Employee as an Employee if the leasing organization covers the employee in a safe harbor plan and, prior to application of this safe harbor plan exception, 20% or less of the Employer's Employees (other than Highly Compensated Employees) are Leased Employees.

• Leased Employees You may exclude leased employees from participation (option h).

• The Employer will reduce allocations to this Plan for any Leased Employee to the extent that the leasing organization contributes to or provides benefits under a leasing organization plan to or for the Leased Employee and which are attributable to the Leased Employee's services for the Employer.

• In applying the preceding sentence, all Employees of controlled groups of corporations under Code Section 414(b), all Employees of trades or businesses (whether incorporated or not) under common control under Code Section 414(c), all Employees of affiliated service groups under Code Section 414(m), and Leased Employees required to be treated as the Employer’s Employees under Code Section 414(n), are taken into account.

• The term Employee for these purposes, shall include all Employees of a member of an affiliated service group [as defined in Code Section 414(m)], all Employees of a controlled group of corporations [as defined in Code Section 414(b)], all Employees of any incorporated or unincorporated trade or business which is under common control [as defined in Code Section 414(c)], Leased Employees [as defined in Code Section 414(n)], and any Employee required to be aggregated by Code Section 414(o).

More Definitions of Leased Employees

Leased Employees means the contractor uses employees from an employee-leasing firm of a professional employer organization, as defined at 39-8- 102, MCA. These employees are presumably covered with workers' compensation and unemployment insurance through the leasing company.

Leased Employees means those individuals described in Section ---------------- 414(n)(2) of the Code employed by the Company or any Affiliate; provided, however, if such individual employees constitute 20% or less of such non-highly compensated work force of the Company or any Affiliate then the term "Leased Employees" means only those individuals who are not covered by a plan described in Section 414(n)(5) of the Code.

Leased Employees means any person (other than an Employee of the Employer) who pursuant to an agreement between the employer and any other person ("leasing organization") has performed services for the recipient (or for the recipient and related persons determined in accordance with Section 414(n)(6) of the Code) on a substantially full-time basis (i.e., working 1,500 hours per year) for a period of at least 1 year, and such services are performed under the primary direction or control of the recipient employer. Contributions or benefits provided a Leased Employee by the leasing organization which are attributable to services performed for the recipient employer shall be treated as provided by the recipient employer. A Leased Employee shall not be considered an employee of the recipient if: (i) such employee is covered by a money purchase pension plan providing: (1) a nonintegrated employer contribution rate of at least 10% of compensation, as defined in Section 415(c)(3) of the Code, but including amounts contributed by the employer pursuant to a salary reduction agreement which are excludable from the employee's gross income under Sections 125, 402(a)(8), 402(h) or 403(b) of the Code; (2) immediate participation, and (3) full and immediate vesting; and (ii) leased employees do not constitute more than 20% of the recipient's nonhighly compensated workforce.

Leased Employees means persons who are the Company’s leased employees, within the meaning of Code Section 414(n). Leased Employees are not eligible to participate in this Plan.

Leased Employees has the meaning given in Section 4.6(b).

Leased Employees means those persons listed in Schedule M, as may be revised from time to time.

Leased Employees has the meaning set forth in Section 6.5 hereof.