Common use of New Participants Clause in Contracts

New Participants. The automatic deferral provisions apply to all eligible Participants who do not enter into a Salary Deferral Election (including an election not to defer) and who: 🞎 (A) become Participants on or after the effective date of the automatic deferral provisions. 🞎 (B) are hired on or after the effective date of the automatic deferral provisions.

Appears in 5 contracts

Sources: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement

New Participants. The automatic deferral provisions apply to all eligible Participants who do not enter into a Salary Deferral Election (including an election not to defer) and who: 🞎¨ (A) become Participants on or after the effective date of the automatic deferral provisions. �þ � (B) are hired on or after the effective date of the automatic deferral provisions.

Appears in 1 contract

Sources: Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.)

New Participants. The automatic deferral provisions apply to all eligible Participants who do not enter into a Salary Deferral Election (including an election not to defer) and who: πŸžŽο‚¨ (A) become Participants on or after the effective date of the automatic deferral provisions. � οΏ½ (B) are hired on or after the effective date of the automatic deferral provisions.

Appears in 1 contract

Sources: Volume Submitter Governmental 403(b) Plan Adoption Agreement