Qualifying Participants definition

Qualifying Participants means those individuals who participate in the Plan (whether as current or former employees) as of immediately prior to the Change in Control.
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Qualifying Participants means only those Participants who are not Highly Compensated Employees and “Employer Profit Sharing Contributions” shall mean only those contributions allocated to Participants who are not Highly Compensated Employees.
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Qualifying Participants means collectively the Current Participants and selected new applicants.
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Examples of Qualifying Participants in a sentence

  • General - The Employer Contribution for any Plan Year will be allocated or contributed to the Individual Accounts of Qualifying Participants in accordance with the allocation or contribution formula specified in the Adoption Agreement.

  • If this is a profit sharing plan, unless the Adoption Agreement indicates otherwise, Forfeitures shall be allocated in the manner provided in Section 3.01(B) (for Employer Contributions) to the Individual Accounts of Qualifying Participants who are entitled to share in the Employer Contribution for such Plan Year.

  • If all Qualifying Participants have reached their Annual Additions limit before all Excess Annual Additions have been allocated, the remaining amount will be held unallocated in a suspense account.

  • Except to the extent required by applicable law, for the entirety of the Protection Period, the material terms of the Plan shall not be modified in any manner that is materially adverse to the Qualifying Participants (it being understood that this Section (c) of this Schedule shall not require that any specific type or levels of equity awards be granted to Qualifying Participants following the Change in Control).

  • In the case of any Qualified Participant who has exceeded the cumulative permitted disparity limit described in subparagraph (5) below, two times such Qualifying Participant's Earnings shall be taken into account.

  • Except to the extent required by applicable law, for the entirety of the Protection Period, the material terms of the Plan shall not be modified in any manner that is materially adverse to the Qualifying Participants (it being understood that this Section 21(c) shall not require that any specific type or levels of equity awards be granted to Qualifying Participants following the Change in Control).

  • Employer Profit Sharing Contributions shall be allocated to the Individual Accounts of Qualifying Participants in the ratio that each Qualifying Participant's Compensation for the Plan Year bears to the total Compensation of all Qualifying Participants for the Plan Year.

  • Any such amendments or modifications shall be final and binding on the Qualifying Participants with Compensation Committee approval.

  • Notwithstanding the foregoing, Forfeitures arising under Plan Section 3.12 (Excess Annual Additions) may be allocated to Qualifying Participants in accordance with Plan Section 3.04(B).

  • Contributions remaining after the allocation in Step 1 shall be allocated to each Qualifying Participant's Individual Account in the ratio that each Qualifying Participant's Compensation for the Plan Year in excess of the integration level bears to all Qualifying Participants' Compensation in excess of the integration level, but not in excess of 3%.


More Definitions of Qualifying Participants

Qualifying Participants means collectively the Current Participants and selected new applicants which NDMNRF has determined satisfy NEAP eligibility criteria.
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Related to Qualifying Participants

  • Participants is defined in Section 12.2.1.

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • Program Participants means, for any CRP, the Centers (other than the Lead Center for such CRP) and any Partner receiving funding for activities under such CRP that are funded by the CGIAR Fund.

  • Eligible Employees means each employee of the Company or an Affiliate.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Qualifying contribution means, with respect to a

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.