Common use of Excluded Employees Clause in Contracts

Excluded Employees. The Adoption Agreement may exclude Employees from Participation in the Plan based upon minimum age and Service requirements or the inclusion of such Employees in certain ineligible job classifications. In the event an Employee who is not a member of the eligible class of Employees becomes a member of the eligible class, such Employee will participate immediately if such Employee has satisfied the minimum age and Service requirements and would have otherwise previously become a Participant. In the event a Participant is no longer a member of an eligible class of Employees and becomes ineligible to participate, but has not incurred a Service Break, such Employee will participate immediately upon returning to an eligible class of Employees. If such Participant incurs a Service Break, eligibility to participate will be determined under the rules of Section 1.20 of the Plan.

Appears in 10 contracts

Sources: Adoption Agreement (Premier Strategic Growth Fund), Adoption Agreement (Dreyfus Global Growth Fund), Adoption Agreement (Dreyfus Growth Opportunity Fund Inc)

Excluded Employees. The Adoption Agreement may exclude Employees from Participation participation in the Plan based upon minimum age and Service service requirements or the inclusion of such Employees in certain ineligible job classifications. In the event an Employee who is not a member of the eligible class of Employees becomes a member of the eligible class, such Employee will participate immediately if such Employee has satisfied the minimum age and Service service requirements and would otherwise have otherwise previously become a Participant. In the event a Participant is no longer a member of an eligible class of Employees and becomes ineligible to participate, but has not incurred a Service Break, such Employee will participate immediately upon returning to an eligible class of Employees. If such Participant incurs a Service Break, eligibility to participate will be determined under the rules of Section 1.20 1.24 of the Plan.

Appears in 10 contracts

Sources: Adoption Agreement (Premier Strategic Growth Fund), Adoption Agreement (Dreyfus Global Growth Fund), Adoption Agreement (Dreyfus Growth Opportunity Fund Inc)