Common use of Entry Dates Clause in Contracts

Entry Dates. Each Employee who was eligible to participate under Section 2.1 on the Effective Date automatically became a Participant in this Plan as of the Effective Date. Each other Employee shall become a Participant in this Plan on the first day of January or July coincident with or next following the first (1st) date on which he meets the eligibility requirements of Section 2.1. A re-employed Employee whose Period of Service is at least six (6) months shall become (or, if formerly a Participant, be reinstated as) a Participant in this Plan on his re-employment date.

Appears in 1 contract

Sources: Employee Stock Ownership Plan and Trust Agreement (River Valley Bancorp)

Entry Dates. Each Employee who was eligible to participate under Section 2.1 on the Effective Date automatically became a Participant in this Plan as of the Effective Date. Each other Employee shall become a Participant in this Plan on the first day of January 1 or July 1 coincident with or next following the first (1st) date on which he meets the eligibility requirements of Section Section 2.1. A re-employed Employee whose Period who has once met the one (1) Year of Service requirement for eligibility and is at least six age twenty-one (621) months shall become (or, if formerly a Participant, be reinstated as) a Participant in this Plan on his re-employment date.

Appears in 1 contract

Sources: Employee Stock Ownership Plan and Trust Agreement (Third Century Bancorp)

Entry Dates. Each Employee who was eligible to participate under Section 2.1 on the Effective Date automatically became a Participant in this Plan as of the Effective Date. Each other Employee shall become a Participant in this Plan on the first day of January or July coincident with or next following the first (1st) date on which he meets the eligibility requirements of Section 2.1. A re-employed Employee whose Period of Service is at least six one (61) months year and is at least age twenty (21) shall become (or, if formerly a Participant, be reinstated as) a Participant in this Plan on his re-employment date.

Appears in 1 contract

Sources: Employee Stock Ownership Plan and Trust Agreement (City Savings Financial Corp)