Company Stock means common stock issued by the Employer that is readily tradable on an established securities market. If there is no such common stock, then Company Stock means common stock issued by the Employer that has a combination of voting power and dividend rights equal to or in excess of (a) that class of common stock of the Employer having the greatest voting power, and (b) that class of common stock of the Employer having the greatest dividend rights. Contributions means Employer Contributions, Voluntary Contributions, and Rollover Contributions, unless the context clearly indicates only specific contributions are meant. Counting of Hours Method means a method for crediting service for eligibility, for Vesting, for determining a Participant's allocation, and/or for applying the allocation conditions for an Employer contribution or Forfeiture. Under the Counting of Hours Method, an Employee is credited with the number of Hours of Service for which the Employee is paid or entitled to payment (or such other circumstances for which Hours of Service are credited), pursuant to the definition of Hour of Service. Disabled or Disability means Totally Disabled. Discretionary Contribution means a type of Employer contribution that is generally made to the Plan by the Employer on a completely discretionary basis. Elapsed Time Method means a method for crediting service in which Hours of Service are not counted. It can be used in determining eligibility, Vesting, and/or the allocation of Employer contributions or Forfeitures. Eligible Employee means, in general, an employee who meets the specific age and service requirements to participate in a designated portion of the Plan. ESOP Portion means the portion of the Plan that is invested in Company Stock or that is intended to be available to be invested in Company Stock. Highly Compensated Employee. A Highly Compensated Employee is an Employee who has satisfied certain ownership or compensation requirements set forth in the Internal Revenue Code. Key Employee means an Employee who satisfies certain executive, ownership, or compensation requirements set forth in the Internal Revenue Code. Non-ESOP Portion means the portion of the Plan that is not the ESOP Portion of the Plan. Nonhighly Compensated Employee. A Nonhighly Compensated Employee is an Employee who is not a Highly Compensated Employee. Normal Retirement Age means the age at which a Participant’s Account becomes nonforfeitable if he is an Employee. A Participant’s Normal Retirement Age is age 65. Qualified Military Service means any service in the uniformed services by any individual if such individual is entitled to reemployment rights with respect to such service. Readily Tradable means that Company Stock is traded on a national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934 or is traded on a foreign national securities exchange that is officially recognized, sanctioned, or supervised by a governmental authority where the security is deemed by the Securities and Exchange Commission (SEC) as having a ready market under SEC Rule 15c3-1. Severance from Employment means an employee has ceased to be an employee of the employer maintaining the Plan. An employee does not have a severance from employment if, in connection with a change of employment, the employee’s new employer maintains such Plan with respect to the Employee.
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