Examples of Other Participant in a sentence
Administration costs cannot exceed 7.5%, a minimum of 75% must be allocated to Participant Wages/Fringe Benefits (PW/FB) and the balance must be allocated to Other Participant Costs (OPC).
The invoice must classify costs into three categories: Participant Wages and Fringe Benefits, Other Participant Costs, and Administrative Costs.
The granting of an Award or Option to a Participant under this Plan does not confer upon the Participant any right to continue as an Eligible Employee, Eligible Director, Consultant or Other Participant, as the case may be, nor does it interfere in any way with the right of the Participant or the Company to terminate the Participant’s employment or a Consulting Contract at any time, or the shareholders’ right to elect or remove Directors.
In no event shall any Other Participant under any such participation or sub-participation have any right to approve any amendment or waiver of any provision of any Loan Document, or any consent to any departure by any Loan Party therefrom, except any amendment, waiver or consent described in clause (w) or (x) of the proviso to Section 8.1(a) that affects such Participant, in each case to the extent subject to such participation.
However, if the Participant or any Other Participant declines to appoint the purchaser representative designated by the Company, the Participant or such Other Participant, as the case may be, shall appoint another purchaser representative (reasonably acceptable to the Company), and such person shall be responsible for the fees of the purchaser representative so appointed unless such person is an Accredited Investor (as defined in Rule 501).