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Common use of Negative Election Clause in Contracts

Negative Election. The negative election provision under Section 3.02(b) is effective: .

Appears in 2 contracts

Sources: 401(k) Plan Adoption Agreement (Americas Carmart Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc)

Parent Clauses

  • APPOINTMENT OF ANCILLARY TRUSTEE OR INDEPENDENT FIDUCIARY
  • MERGER/DIRECT TRANSFER
  • Other Transfers
  • 401(k) ARRANGEMENT
  • DUTIES OF INSURANCE COMPANY

Sub-Clauses

  • Negative election notice
  • Participant’s contrary election
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