Prior Plan Clause Samples
The "Prior Plan" clause defines how benefits, coverage, or obligations under a previous insurance or benefit plan are treated when a new plan takes effect. Typically, this clause outlines whether and how claims incurred before the new plan's effective date are handled, and may specify if certain waiting periods or coverage limits from the prior plan are credited under the new plan. Its core function is to ensure a smooth transition between plans, preventing gaps in coverage and clarifying the handling of ongoing claims or benefits.
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Prior Plan. 7 1.37 Prototype Sponsor................................................................7 1.38
Prior Plan. The Plan was last maintained under document dated January 1, 1997 and was known as the VBA Director’s Non-Qualified Deferred Compensation Plan for C&F Financial Corporation.
Prior Plan. The term "Prior Plan" means the Indianapolis Power & Light Company Unfunded Supplemental Retirement Plan for a Select Group of Management Employees, as amended through October 31, 1988. The retired participants or, if applicable, the surviving spouses of deceased participants in the Prior Plan shall continue to receive their benefits in accordance with the Prior Plan.
Prior Plan. Prior Plan" shall mean the Connecticut Municipal Employees Retirement Fund, as constituted on June 30, 1971.
Prior Plan. The Hastings Books, Music & Video, Inc. Employees Profit Sharing Plan and Trust, as established effective June 1, 1993.
Prior Plan. The Plan was last maintained under document dated May 20 , 2019 and was known as the Atlantic Union Bankshares Corporation Executive’s Deferred Compensation Plan ________________________________________________________________________________.
Prior Plan. The Plan was last maintained under document dated January 1, 2020___ and was known as the C&F Financial Corporation Deferred Compensation Plan for Executives . (C)409A Transitional Provisions (grandfathering election): oElection NOT to Grandfather Pre-January 1, 2005 Vested Balances. If this Option is elected, all Deferral Accounts shall be subject to the rules set forth in the post-December 31, 2004 restatements. If the Option is not elected, the Deferral Accounts attributable to transfers from predecessor plans prior to December 31, 2004 and contributions that are vested as of December 31, 2004 shall be segregated from the Deferral Accounts attributable to contributions that are not vested as of December 31, 2004 and to contributions and transfers made on and after January 1, 2005. The terms of the Plan in effect on and after January 1, 2005 shall only apply to transfers and contributions that are not vested as of December 31, 2004 and to contributions and transfers made on and after January 1, 2005. o(3)
Prior Plan. The Plan was last maintained under document dated February 28, 2005 and was known as the VBA Executive’s Deferred compensation Plan for C&F Financial Corporation.
Prior Plan. The Plan was last maintained under document dated January 1, 2008 and was known as the VBA Director's Non-Qualified Deferred Compensation Plan for C&F Financial Corporation.
Prior Plan. The Plan was last maintained under document dated , and was known as the .