ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, in writing, at least thirty (30) days before the beginning of a Plan Year.
Appears in 4 contracts
Samples: Allied Employee Stock Ownership Plan and Trust Agreement (Allied Capital Corp), Telxon Corp, Aironet Wireless Communications Inc
ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be irrevocable and communicated to the Employer, in writing, at least thirty (30) days within a reasonable period of time before the beginning of a the first Plan Year. For standardized Plans, a Participant or an Eligible Employee may not elect not to participate.
Appears in 3 contracts
Samples: MSC Software Corp, Wayne Savings Bancshares Inc /De/, Aceto Corp
ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, in writing, at least thirty (30) days within a reasonable period of time before the beginning of a Plan Year.
Appears in 1 contract
Samples: Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)
ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, Employer in writing, at least thirty (30) days writing before the beginning of a the Plan Year.
Appears in 1 contract
Samples: Diebold Inc
ELECTION NOT TO PARTICIPATE. An Notwithstanding Section 2.01, an Employee may, subject to the approval of the Employer, voluntarily elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, in writing, at least thirty (30) days before the beginning of a Plan Year., or within such other time as the Employer shall require. * * * * * * * * * * * * * * *
Appears in 1 contract
Samples: Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)
ELECTION NOT TO PARTICIPATE. An Notwithstanding anything else in the Plan to the contrary, an Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, Employer in writing, writing at least thirty (30) days before the beginning of a Plan Year.
Appears in 1 contract
Samples: Ownership Plan and Trust Agreement (Invitrogen Corp)
ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, in writing, at least thirty (30) days before the beginning of a Plan Year.. ARTICLE IV
Appears in 1 contract
