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

  • 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.

  • 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.

  • Qualifying Participants - A Participant is a Qualifying Participant and is entitled to share in the Employer Contribution for any Plan Year if the Participant was a Participant on at least one day during the Plan Year and satisfies any additional conditions specified in the Adoption Agreement.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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%.

  • The percent so allocated shall not exceed 3% of each Qualifying Participant's Compensation.

  • 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.


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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