Common use of Re-employment Clause in Contracts

Re-employment. If a Participant who incurs a Separation from Service is subsequently re-employed, he or she may, at the sole and absolute discretion of the Plan Administrator, become a Participant in accordance with the provisions of the Plan.

Appears in 36 contracts

Sources: Supplemental Executive Retirement Plan (Southern National Bancorp of Virginia Inc), Supplemental Executive Retirement Plan (Southern National Bancorp of Virginia Inc), Supplemental Executive Retirement Plan (Southern National Bancorp of Virginia Inc)

Re-employment. If a Participant who incurs a Separation from Service with the Plan Sponsor or an Affiliate, is subsequently re-employed, he or she may, may at the sole and absolute discretion of the Plan Administrator, become a Participant in accordance with the provisions of the Planabove Article.

Appears in 1 contract

Sources: Executive Deferred Compensation Master Agreement (Oceanfirst Financial Corp)

Re-employment. If a Participant who incurs a Separation from Service is subsequently re-employed, he or she may, at the sole and absolute discretion of the Plan AdministratorCommittee, become a Participant in accordance with the provisions of the Plan.

Appears in 1 contract

Sources: Key Employee Deferred Compensation Plan (Regan Holding Corp)