Participation Year definition

Participation Year. A period beginning with one Participation Anniversary and ending the day before the next Participation Anniversary, except for the first Participation Year that begins with the Participation Date.

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Participation Year means, with respect to the Participant, the twelve-month period starting on (i) the Participation Date and (ii) each anniversary of the Participation Date, unless we agree to another period.

Participation Year means with respect to any Participant, any Plan Year in which a Participant is at any time during such year a Participant. Notwithstanding the previous sentence, “Participation Year” shall not include any years prior to the first Plan Year in which a Participant actually has any amount deferred under this Plan.

Examples of Participation Year in a sentence

End of Participation Year Charge ------------------ ------ (Participation Date) 6.0% 1 5.0% 2 4.0% 3 3.0% 4 2.0% 5 1.0% 6 0% In no event will the amount of deferred sales charge exceed 9% of the total purchase payments made on behalf of each Participant.
A monthly statement showing account balances and estimated profit sharing earnings shall be provided to the Agency by Capital Premium during the Participation Year.
Agency may decrease its Max-Plan Account balance only during the first 10 calendar days of each calendar quarter during the Participation Year.
Within the limitations set forth herein, Agency may increase the Agency’s Max-Plan Account balance only once during each Participation Year.
Within forty-five (45) days after the end of each Participation Year (defined below), Capital Premium shall pay to Agency (or credit Agency’s Max-Plan Account) the “Max-Plan Profit Sharing Amount,” which is defined and calculated as set forth herein.

More Definitions of Participation Year

Participation Year means (i) with respect to Compensation in the form of a Bonus, the Plan Year during which the Bonus would have been paid if not deferred, (ii) with respect to Compensation in the form of salary, the Plan Year during which a Participant performs services for the Employer for a salary, and (iii) with respect to Compensation in the form of a Director's meeting attendance fees and a Director's retainer fee, the Plan Year during which a Participant performs services for the Company or a Subsidiary for such fees.

Participation Year means a Plan Year commencing on or after January 1, 2009 during which (i) with respect to Compensation in the form of a Bonus, the Bonus would have been paid to the Participant if not deferred; (ii) with respect to Compensation in the form of Salary, a Participant performs services for the Employer for a Salary; and (iii) with respect to Compensation in the form of Director Fees, a Participant performs services as a member of the Board for such fees.

Participation Year means the period from the Start Date until the expiry of the first Calendar Year, and each subsequent Calendar Year thereafter during the Participation Period.

Participation Year means the end of the twelfth full month following the Effective Date as that date is defined in the AFP Max-Plan™ Acknowledgement and Certification Agreement, and each full subsequent year thereafter to each anniversary of the Effective Date.

Participation Year means each successive twelve (12) month period commencing on the date of the First Commercial Sale;

Participation Year means a calendar year within the PSV Initial or Renewal Term.

Participation Year means a Year in which a Director’s Fee Compensation and/or Equity Compensation with respect to such Year may be deferred by the Director pursuant to this Plan.