Organization Under Common Control definition

Organization Under Common Control means (i) an Affiliated Corporation, (ii) a Related Business, (iii) an Affiliated Service Organization or (iv) any other entity required to be aggregated with the Company pursuant to Section 414(o) of the Code and the regulations thereunder.
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Organization Under Common Control means (i) an Affiliated Corporation, (ii) a Related Business, (iii) an Affiliated Service Organization or (iv) any other entity required to be aggregated with the Company pursuant to Code Section 414(o) and the regulations thereunder. For purposes of the limitations described in Section 3.9, the definition of Organization Under Common Control will be expanded in accordance with Code Section 415(h).
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Organization Under Common Control means any corporation or other trade or business that, together with the Employer, is treated as a single employer under Section 414(b) or (c) of the Code.
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Examples of Organization Under Common Control in a sentence

  • The Plan is adopted by First Niagara and covers any Organization Under Common Control with First Niagara.

  • Except as otherwise provided in the Plan, Hours of Service completed by an Employee with an Organization Under Common Control are credited for purposes of this Article.

  • If an Employee transfers employment from the Company to an Organization Under Common Control, the transfer will not be considered a Severance from Employment under the Plan, and the Employee will continue to be credited with Hours of Service as provided in Subsection (a).

  • With the consent of the Board of Directors of National, the Plan may be adopted by any Organization Under Common Control with National for the benefit of all or a limited group of the organization’s Employees as specified in an agreement to adopt the Plan executed by the organization and the Board of Directors of the Company.

  • The term “Company” means Evans and any Organization Under Common Control that is covered under the Plan in accordance with Section 5.6, including Evans Bank, N.A. (“Bank”).

  • Hours of Service are also credited to any Employee considered an Employee of any Organization Under Common Control.

  • The Plan is adopted by Evans and covers any Organization Under Common Control with Evans.

  • For example, if a Participant terminates his or her employment with the Company, but continues to be employed by any Organization Under Common Control, the Participant will not have a Severance from Employment.

  • If an Organization Under Common Control adopts the Plan, the term “Company” also refers to the organization.

  • The term “Company” means First Niagara and any Organization Under Common Control that is covered under the Plan in accordance with Section 5.6. Both the original effective date and the amended and restated effective date of the Plan is February 20, 2007 (the “Effective Date”).


More Definitions of Organization Under Common Control

Organization Under Common Control means (i) any corporation which is a member of a controlled group of corporations, within the meaning of Section 414(b) of the Code, which includes IDEX and (ii) any trade or business which is under common control, within the meaning of Section 414(c) of the Code, with IDEX.
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Related to Organization Under Common Control

  • Under Common Control means possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of voting securities, by contract or otherwise); provided, however, that in any event any Person which beneficially owns, directly or indirectly, 10% or more (in number of votes) of the securities having ordinary voting power for the election of directors of a corporation shall be conclusively presumed to control such corporation.

  • Common Control means the power to direct or cause the direction of the management and policies of a person or an organization, whether by ownership of stock, voting rights, by contract, or otherwise.

  • under common control with means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, as trustee or executor, as general partner or managing member, by Contract or otherwise, including the ownership, directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person.

  • Organizational Unit means a Laboratory School or any

  • Senior citizen means that term as defined in section 514.

  • Organizational Limited Partner means Xxxxx X. Xxxxxxx.

  • Continuing care retirement community means a residential

  • Banking organization means a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by law as a bank or banking organization.

  • Parent organization means the entity named in Item I. of the Policy Declarations.

  • Forced or indentured child labor means all work or service-

  • Foreign Plan Event means, with respect to any Foreign Plan or Foreign Benefit Arrangement, (i) the failure to make or, if applicable, accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Plan or Foreign Benefit Arrangement; (ii) the failure to register or loss of good standing (if applicable) with applicable regulatory authorities of any such Foreign Plan or Foreign Benefit Arrangement required to be registered; or (iii) the failure of any Foreign Plan or Foreign Benefit Arrangement to comply with any provisions of applicable law and regulations or with the terms of such Foreign Plan or Foreign Benefit Arrangement.

  • Relevant Entities means Party A and any guarantor under an Eligible Guarantee in respect of all of Party A’s present and future obligations under this Agreement.

  • Professional employer organization means an employee leasing

  • Non-U.S. Citizen means any Person other than a U.S. Citizen.

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

  • Relevant Entity means Party A and, to the extent applicable, a guarantor under an Eligible Guarantee.

  • international organization shall have the meanings set forth in Section 7701 of the Code or successor provisions.