VC Employee Member definition

VC Employee Member means an Eligible VC Employee of an Employer who
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Examples of VC Employee Member in a sentence

  • If any VC Employee Member chooses to make a non- regular voluntary contribution, such contribution may either be paid by the VC Employee Member from his or her own funds or be deducted from his or her relevant income.

  • Any such withdrawal request must be made in a form as may be prescribed by the Trustee from time to time.The maximum number of such redemption and withdrawal allowed for each VC Employee Member for regular voluntary contribution and non-regular voluntary contribution in a financial year shall not exceed 52 and 4 respectively.

  • Any regular voluntary contribution made by an Employee Member or a VC Employee Member shall be deducted from his relevant income.

  • Subject to the provisions of the relevant participation agreement, all voluntary contributions made by an Employer in respect of a VC Employee Member will become fully vested when the VC Employee Member: (a) retires on the ground of Total Incapacity; or (b) dies.

  • The redemption shall be effected on the Dealing Day immediately after the Trustee has received, reconciled and validated the written request for redemption submitted by the VC Employee Member.

  • Voluntary contributions made by an Employer in respect of a VC Employee Member will be vested in accordance with the vesting scale set by the Employer.

  • Subject to the provisions of the relevant participation agreement, each Employee Member or VC Employee Member shall notify the Trustee of the rate or the amount of his regular voluntary contributions either in writing through his Employer or in any other means acceptable to the Trustee.

  • In the case of an Employee Member or a VC Employee Member, the Accrued Benefits received by such Member from the Scheme on the employee’s retirement from employment (as defined in the IRO), death, incapacity or Terminal Illness are not subject to tax in Hong Kong.

  • If the non-regular voluntary contribution is deducted from the relevant income, the written consent of his or her Employer will be required.If any VC Employee Member is permitted to make a non-regular voluntary contribution, the maximum number of such contributions allowed for each VC Employee Member in a financial year shall not exceed 52, or such other maximum number as may be determined by the Trustee from time to time.

  • With the prior written consent of the Trustee, a VC Employee Member may choose to make a “non-regular voluntary contribution” as a top-up voluntary contribution on any Dealing Day during his employment with his Employer by giving to the Trustee at least seven (7) working days’ prior written notice in a form prescribed by the Trustee (or such shorter period as the Trustee may from time to time agree).

Related to VC Employee Member

  • Employee Member means a member of the “Bargaining Unit”.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Inactive member means a member of the pension program or the individual account pro-

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • 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:

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

  • Participating Employer means any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company identified in the Adoption Agreement.

  • Term Employee means an employee hired for a specific term of employment. The term of employment may be based on a specific period of time or the completion of a specific job or until the occurrence of a specified event.

  • Plan Member means each Member any of the assets of which are subject to any Plan Governing Law.

  • Active member means a member of the pension program or the individual account program

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • 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.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Academic employee Academic employee shall mean an employee in the Professional Services Negotiating Unit with academic or qualified academic rank.

  • Contributing Employer means any employer other than a reimbursing employer or rated governmental employer.

  • Company Employee means any current or former employee, independent contractor or director of the Company or any Company Affiliate.

  • Restricted Employee means any person who at the Termination Date was employed by the Company in an executive or senior managerial capacity or who could materially damage the interests of the Company or any Group Company if they were involved in any Capacity in any business concern in competition with the Company and with whom the Employee had material contact or dealings during the Restricted Period.