Participant Designation Sample Clauses
The Participant Designation clause identifies and specifies the individuals or entities who are recognized as participants under the agreement. This clause typically lists the names or categories of participants, outlines any eligibility criteria, and may describe the process for adding or removing participants. By clearly defining who is considered a participant, the clause ensures that rights, obligations, and benefits under the agreement are properly allocated and understood, thereby preventing disputes over participation and ensuring clarity for all parties involved.
Participant Designation. The Employer designates the following Employees or Contractors as Participants in the Plan (choose one of (a), (b) or (c)):
Participant Designation. When the Participant attains the age the Participant designates, which may not be earlier than age (no earlier than age 40) and may not be later than age
Participant Designation. The Employer in the Adoption Agreement may permit a Participant to designate his or her Normal Retirement Age as any age including or between the foregoing ages.
Participant Designation. [Plan Section 3.05(B)and (B)(1)] When the Participant attains the age the Participant designates, which may not be earlier than age and may not be later than age [ ] (c) Police/firefighters. [Plan Section 3.05(B)(3)] (Choose one of (1) or (2)): [ ] (1) Plan designation. When the Participant attains age .
Participant Designation. The Employer designates the following Employees or Contractors as Participants in the Plan (choose one of (a), (b) or (c)):
(a) All top-hat Employees. All Employees whom the Employer from time to time designates as part of a select group of management or highly compensated employees.
(b) All Employees with maximum qualified plan additions or benefits. All Employees who have reached or will reach their limit under Code §§415(b) or (c) in the Employer’s qualified plan for the Taxable Year or for the 415 limitation year ending in the Taxable Year. [X] (c) Specified Employees/Contractors by name, job title or classification: SVP and above that are highly compensated employees (HCE) for any of the RBNF employers. Directors for Rurban Financial Corp., The State Bank and Trust Company, and Rurbanc Data Services, Inc. and anyone listed in Exhibit “A” (e.g., J▇▇ ▇▇▇▇▇, Executive Vice Presidents or those Employees/Contractors specified in Exhibit A).
Participant Designation. The Employer designates the following Employees or Contractors as Participants in the Plan(choose one of(a),(b) or(c)):
(a) All top-hat Employees. All Employees whom the Employer from time to time designates in writing as part of a select group of management or highly compensated employees.
(b) All Employees with maximum qualified plan additions or benefits. All Employees who have reached or will reach their limit under Code 415(b) or(c) in the Employer's qualified plan for the Taxable Year or for the 415 limitation year ending in the Taxable Year.
(c) Specified Employees/Contractors by name, job title or classification:(e.g., ▇▇▇ ▇▇▇▇▇, Executive Vice Presidents or those Employees/ Contractors specified in Exhibit B). Note: An Employer might elect(c) and reference Exhibit B to maintain confidentiality within the workforce as to the identity of some or all Participants.