HomeMy WebLinkAbout1404
4 •
- - -
'h
~ R. ~ ~~r
i
the benefits which are payable under tie Plan upon or after
the death of a Participant.
1.9 "1-Year Break in Service" shall mean the Plan Year during =
which an Employee has not completed. more than 500 Hours of Service
with the Employer, for reasons other than absences referred to in
Section 1.34, ezcept for a Plan Year,_in which the Employee becomes
e Participant or he retires, dies or suffers Total and Permanent
Disability. Solely for the purpose of determining whether an Employee
has suffered a 1-Year Break in Service, each hour for which an Employee
is directly or indirectly compensated, or entitled to compensation,
by-the Employer for reasons other than for the performance of duties -
(such as vacations, 83ekness or disability) during the applicable
computation period shall constitute an Hour of Service. For purposes
of the preceding sentence, Hours of Service shall be determined _
by dividing the payments received or due for reasons other than
the performance of duties by the lesser of (1) the Employee's most
recent rate of compensation, or (2) the Employee's average hourly '
rate of compensation for the performance of duties for the most
recent computation period in which he completed more than 500 Hours
of Service.
1.10 "Code" means the Internal Rsvenue Code of 1954 as amended.
1.11 "Compensation" with respect to any Participant means the
total compensation paid or accrued by the Employer for-a Plan Year.
Amounts contributed by the Employer under the within Plan and any
fringe benefits. shall not be considered as compensation.
1.12 "Early Retirement Date" means a date (prior to a Participant's
Normal Retirement Date) coinciding with or following the date on
which a Participant or Former Participant attains his SSth birthday
and has completed at least 15 Years of Service.
1.13 "Eligible Employee" means any Employee who has satisfied _
the provisions of Section 3.1.
1.14 "Employee" means any person who is employed by the Employer,
but excludes any person who serves only as a director, and any person
who is employed as an independent contractor.
I
I 1.15 "Employer" shall wean FELIPE P. LADIA, M.D., P.A. a
corporation with principal offices in the State of Florida, and
any successor which shall maintain this Plan; and any predecessor
which has maintained this Plan.
~ 1.16 "Fiduciary" means any person who (a) exercises any discre-
tionary authority or discretionary control respecting management
of the Plan or exercises any authority or control respecting manage-
ment or disposition of its assets, (b) renders investment advice
for a fee or other coapensation, direct or indirect, with respect
~ to any monies or other property of the Plan or has any authority
or responsibility to do so, or (c) has any discretionary authority
~ or discretionary responsibility in the administration of the Plan,
including, but not limited to, the Trustee, the Employer and its
board of directors, and the Administrator.
1.17 "Fiscal Year" means the Employer's accounting year of
1Z months commencing on May 1 of each year and ending the following
April 30th.
1.18 "Former Participant" means a person who has been
-3-
sa~~3~5 P~E~4~ E;~~~ 230 062