UK Participant definition

UK Participant means an Eligible Employee to whom a subsisting Approved Option has been granted under this UK Subplan, and any reference to “Participant” in the other provisions of this Program shall be construed as if it were a reference to “UK Participant”.

UK Participant means any Participant who is a resident for tax purposes in the United Kingdom.

UK Participant means a Participant resident in the United Kingdom for United Kingdom tax purposes, or otherwise within the scope of United Kingdom taxation on employment income as a result of duties performed in the United Kingdom.

Examples of UK Participant in a sentence

• If the Administrative Agent so notifies, prior to 12:00 Noon (London time) on any Business Day, any UK Participant required to fund a payment under a UK Letter of Credit, such UK Participant shall make available to the respective UK Issuing Lender in Pounds Sterling or Euros, as applicable, such UK Participant’s Percentage of the amount of such payment on such Business Day in immediately available funds.

• Notwithstanding section 9.5 of the Plan, all payments of benefits under the Plan to or for the benefit of a U.K. Participant shall be made in shares of Company Stock, and the value of any partial shares shall be made in pounds sterling.

• The Company will process each UK Participant’s personal data in connection with the Plan and this UK Sub-Plan in accordance with the terms of the privacy notice previously provided to the UK Participant.

• For the purposes of this UK Sub-Plan, and noting that an offer to a UK Participant would be a Non-423(b) Offering, the definition of “Eligible Employee” in Section 2(i) of the Plan shall be amended by way of the deletion of Subsections 2(i)(i) and 2(i)(ii).

• A U.K. Participant may not receive any distribution from his or her Former ESOP Account prior to a Break in Service; provided, however, a U.K. Participant who has attained age 55 and who has participated in the Plan (including years of participation in the Former ESOP Plan) for at least 10 years, may elect to withdraw all or any portion of his or her Former ESOP Account in accordance with section 8.7(c).

More Definitions of UK Participant

UK Participant means an individual resident in the United Kingdom (England, Wales, Scotland and Northern Ireland) acting for purposes that are wholly or mainly outside that individual’s trade, business, craft or profession.

UK Participant shall have the meaning set forth in Section 3.11(a).

UK Participant means a Participant the grant of an Award to whom or the exercise of an Award by whom is subject to taxation in the United Kingdom.

UK Participant means a Participant who is taxed under the laws of the United Kingdom with respect to Options granted under the Plan;

UK Participant means an Employee or director of the Company or any participating Affiliate who satisfies the eligibility criteria in Section 4 of the Plan (as modified by Section 15).

UK Participant means an employee or director of the Company or any participating Affiliate who satisfies the eligibility criteria in Article 3 of the Plan (as modified by Article 12).

UK Participant means any Participant who is resident for tax purposes in the United Kingdom. All other capitalized terms used in this Schedule shall be as defined under the Plan rules.