KEY EMPLOYEE DETERMINATION DATES Clause Samples
KEY EMPLOYEE DETERMINATION DATES. The Employer has designated as the Identification Date for purposes of determining Key Employees. In the absence of a designation, the Identification Date is December 31. The Employer has designated as the effective date for purposes of applying the six month delay in distributions to Key Employees. In the absence of a designation, the effective date is the first day of the fourth month following the Identification Date.
KEY EMPLOYEE DETERMINATION DATES. The Plan Sponsor has designated _____________ as the Identification Date for purposes of determining Key Employees. In the absence of a designation, the Identification Date is December 31. The Plan Sponsor has designated _____________ as the effective date for purposes of applying the six month delay in distributions to Key Employees. In the absence of a designation, the effective date is the first day of the fourth month following the Identification Date. For purposes of this plan, all employees will be treated as Key Employees and distributions other than Specified Date Distributions in Sec. 6.01(b)(i) will be delayed at least 6 months from the distribution trigger event.
KEY EMPLOYEE DETERMINATION DATES. The Identification Date for the purpose of determining Key Employees is not applicable because Plan eligibility is limited to Non-Employee Directors.
KEY EMPLOYEE DETERMINATION DATES. The Employer has designated December 31 as the Identification Date for purposes of determining Key Employees. In the absence of a designation, the Identification Date is December 31. Onto Innovation Nonqualified Deferred Compensation Plan ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ 2 The Employer has designated April 1 as the effective date for purposes of applying the six-month delay in distributions to Key Employees. In the absence of a designation, the effective date is the first day of the fourth month following the Identification Date. Onto Innovation Nonqualified Deferred Compensation Plan ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ 3
KEY EMPLOYEE DETERMINATION DATES. The Plan Sponsor has designated December 31 as the Identification Date for purposes of determining Key Employees. In the absence of a designation, the Identification Date is December 31. The Plan Sponsor has designated April 1 as the effective date for purposes of applying the six month delay in distributions to Key Employees. In the absence of a designation, the effective date is the first day of the fourth month following the Identification Date.