Normal Rule Sample Clauses
The "Normal Rule" clause establishes the standard procedures or default terms that govern the agreement unless otherwise specified. In practice, this clause outlines the baseline expectations for the parties, such as standard delivery times, payment terms, or dispute resolution methods, which apply unless an exception is explicitly stated elsewhere in the contract. Its core function is to provide a clear and consistent framework for interpreting the contract, reducing ambiguity and ensuring that all parties understand the default rules that apply to their relationship.
Normal Rule. The Eligibility Computation Period(s) shall be determined under Section 1.24(A) of the Plan.
Normal Rule. A Participant may elect an Optional Form by making such election before the expiration of thirty (30) days from the date he first becomes eligible to participate in the Plan, provided that he has not, within the preceding twenty-four (24) months, been eligible to participate in any other non-account- based deferred compensation arrangement of the Company (within the meaning of section 409A of the Code).
Normal Rule. Unless the Adoption Agreement provides otherwise, the Eligibility Computation Period(s) shall be the Computation Period(s) commencing on an Employee's Employment Commencement Date and the anniversaries of the Employee's Employment Commencement Date.
Normal Rule. (i) Unless the Adoption Agreement provides otherwise, any portion of the Participant's Employer and/or Matching Account which is not vested in accordance with Section 7.6(B)(2) at the time of his separation from service with the Employer shall be forfeited and reallocated to the Employer and/or Matching Accounts of the remaining Participants in accordance with Section 5.5 as of the last day of the Plan Year coinciding with, or if the last day of the Plan Year does not so coincide, the last day of the Plan Year next following, the date the Participant incurs five consecutive One-Year Breaks In Service.
(ii) If a distribution is made to a Participant at a time when such Participant has a nonforfeitable right to less than 100 percent of his Employer and/or Matching Account and, at the time of such distribution, the Participant has not incurred five consecutive One-Year Breaks In Service, the Trustee shall retain the nonvested portion of the Participant's Employer and/or Matching Account in his Employer and/or