Statutory Employee definition

Statutory Employee means any Person from whom the Company is required to withhold compensation pursuant to the Federal Insurance Contribution Act.
Sample 1Sample 2Sample 3
Statutory Employee means an individual who is treated as a statutory employee under Code Section 7701(a)(20), including, but not limited to, a field agent, an account representative or similar commission-based statutory employee.
Sample 1Sample 2
Statutory Employee means an individual who is treated as a statutory employee of the Company or an Affiliate under Code §7701(a)(20), including, but not limited to, a field agent, a career agent, an account representative or similar commission-based statutory employee.
Sample 1Sample 2

Examples of Statutory Employee in a sentence

  • The aggregate Fair Market Value of the Common Shares (determined as of the respective date or dates of grant) for which one or more Incentive Stock Options granted to any Statutory Employee under the Plan may for the first time become exercisable as Incentive Options during any one (1) calendar year shall not exceed the sum of One Hundred Thousand Dollars ($100,000).

  • To the extent the Statutory Employee holds two (2) or more such Options which become exercisable for the first time in the same calendar year, the foregoing limitation on the exercisability of such Options, as Incentive Stock Options, shall be applied in the order in which such Options are granted.

  • If a Statutory Employee to whom an Incentive Stock Option is a holder of more than 10% of the total combined voting power of all classes of stock of the Company (as determined under Code Section 424(d)), then the Exercise Price shall not be less than one hundred ten percent (110%) of the Fair Market Value per share of Common Stock on the Award Date, and the option term shall not exceed five (5) years measured from the Award Date.

  • If you have your original approval notice from USCIS and your employer permits, you may continue working while your replacement application is being processed.

  • An Eligible Employee who transfers to Statutory Employee status will cease to be an Eligible Employee and shall cease to be an active Participant in the Plan as of the effective date of such transfer.

  • Credit shall be given for all periods during which the employee is employed by the Company or an affiliate, irrespective of status as a common law employee or as a Statutory Employee or otherwise, to the extent required by ERISA and the Code.

  • This Section 2.6 sets forth provisions that apply to those individuals who transfer between Statutory Employee status and Employee status.

  • A Statutory Employee shall mean any individual who is an "employee" of the Company or any Related Company under I.R.C. Reg.

  • No Benefit Service shall be credited for any period of time during which an individual is a Statutory Employee.

  • Subcontractor’s contractors performing services in Utah must also submit a Statutory Employee Exclusion form to be exempted from the above workers’ compensation insurance requirement.

Related to Statutory Employee

  • Probationary Employee means a person who is employed but who has worked less than the prescribed probationary period.

  • Supervisory employee means an employee, regardless of job description, having authority in the interest of the employer to hire, transfer, suspend, lay off, recall, promote, discharge, assign, reward, or discipline other employees, or the responsibility to assign work to and direct them, or to adjust their grievances, or effectively recommend that action, if, in connection with the foregoing functions, the exercise of that authority is not of a merely routine or clerical nature, but requires the use of independent judgment.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Non-Key Employee means any Employee who is not a Key Employee.

  • School employee means (1) a teacher, substitute teacher, school administrator, school superintendent, guidance counselor, psychologist, social worker, nurse, physician, school paraprofessional or coach employed by a local or regional board of education or working in a public elementary, middle or high school; or (2) any other individual who, in the performance of his or her duties, has regular contact with students and who provides services to or on behalf of students enrolled in a public elementary, middle or high school, pursuant to a contract with the local or regional board of education.

  • Active Employment means you must be actively at work for the Sponsor:

  • Related Employer means the Employer and (a) any corporation that is a member of a controlled group of corporations as defined in Code Section 414(b) that includes the Employer and (b) any trade or business that is under common control as defined in Code Section 414(c) that includes the Employer.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • School employer means a board of school directors, the

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Regular Employee is one who is hired to work on a full-time or part-time basis on regularly scheduled shifts of a continuing nature;

  • Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Current Employee has the meaning set forth in Section 7.8(a).

  • Living Wage Employee means any and all employees of the Contractor and all Subcontractors of the Contractor that perform any part of the Work on a property owned by or leased to the City, including all streets, sidewalks and other public rights of way, for at least one consecutive hour, but excluding Students, volunteers and employees of Social Enterprises;

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • U.S. Employee means a person who is an employee of the Company (or of any Subsidiary) for purposes of section 422 of the Code.

  • Public employer means the State of Oregon, and the following political subdivisions:

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Inactive Employee means an employee who is not actively at work due to approved leave of absence, short-term disability leave or military leave.

  • New Mexico Employee means any resident of the State of New Mexico employed by Contractor who performs the majority of the employee’s work for Contractor within the State of New Mexico, regardless of the location of Contractor’s office or offices; and

  • Contract employee means an employee performing services under a PEO services contract or temporary help services contract.

  • Public safety employee means a public employee who is employed as one of the following: