Suspension of Deferrals for Other Reasons Sample Clauses

Suspension of Deferrals for Other Reasons. If a Participant commences an authorized leave of absence which is unpaid or his or her Compensation is significantly reduced for any reason whatsoever, the Participant’s Compensation Deferrals shall be suspended for such period of time as the Plan Administrator, in its complete and absolute discretion, determines. The Participant’s eligibility for Employer Matching Credits and Employer Discretionary Credits may be similarly suspended. Upon the Participant’s return to active employment or receipt of his or her normal rate of Compensation, his or her Compensation Deferrals shall resume (as will eligibility for Employer Matching Credits and Employer Discretionary Credits) for the remaining portion of the Taxable Year in which the suspension occurred, based on the Compensation Deferral Agreement in effect for that Taxable Year. If resumption would not occur until a later Taxable Year, the Participant shall be permitted to complete a new Compensation Deferral Agreement as though he or she was a new Eligible Employee.
Sample 1
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Suspension of Deferrals for Other Reasons. If a Participant commences an authorized leave of absence which is unpaid or his or her Compensation is significantly reduced for any reason whatsoever, the Participant's Compensation Deferrals shall be suspended for such period of time as the Plan Administrator, in its complete and absolute discretion, determines. The Participant's eligibility for Employer Matching Credits and Employer Discretionary Credits may be similarly suspended. Upon the Participant's return to active employment or receipt of his or her normal rate of Compensation, his or her Compensation Deferrals shall resume (as will eligibility for Employer Matching Credits and Employer Discretionary Credits) for the remaining portion of the Taxable
Sample 1

Related to Suspension of Deferrals for Other Reasons

  • Leave for Other Reasons At the discretion of the Employer, special leave with pay may be granted:

  • Leave With or Without Pay for Other Reasons At its discretion, the Employer may grant:

  • Termination for Other Reasons The Corporation may discharge the Executive without Cause by giving written notice to the Executive in accordance with Section 14 at least thirty (30) days prior to the Date of Termination. The Executive may resign from his employment by giving written notice to the Corporation in accordance with Section 14 at least thirty (30) days prior to the Date of Termination. Except to the extent otherwise provided in Section 9 with respect to certain post-Date of Termination obligations of the Corporation, this Agreement shall terminate immediately as of the Date of Termination in the event the Executive is discharged without Cause or resigns.

  • Termination of Employment for Other Reasons In the event that the Participant's employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Death, Disability, Retirement, or Termination by the Company or a Subsidiary without Cause, then Participant's rights to all of the Target Performance Shares granted in this Award will be immediately and irrevocably forfeited upon such termination of employment.

  • Refund for Withdrawal Due to Other Reasons If the Student withdraws from the Course for any reason other than those stated in Clause 2.1, the PEI will, within seven (7) working days of receiving the Student’s written notice of withdrawal, refund to the Student an amount based on the table in Schedule D.

  • Participant’s Representations In the event the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), at the time this Option is exercised, Participant shall, if required by the Company, concurrently with the exercise of all or any portion of this Option, deliver to the Company his or her Investment Representation Statement in the form attached hereto as Exhibit B.

  • Provision of Services by the Administrator The Administrator shall directly, or indirectly through one or more Affiliates (as defined below) or third parties as described in Section 1(b), engage and maintain personnel for the purpose of providing the following services (collectively, the “Services”) to the Issuer and Masterworks Cayman:

  • Change in Form or Timing of Distributions All changes in the form or timing of distributions hereunder must comply with the following requirements. The changes:

  • Determination of Service for Sick Leave with Pay Actual time worked and all leave with pay, except for educational leave, shall be included in determining the pro rata accrual of sick leave credits each month, provided that the employee works thirty-two (32) hours or more in that month.

  • Selection Based on Consultants’ Qualifications Services estimated to cost less than $100,000 equivalent per contract may be procured under contracts awarded in accordance with the provisions of paragraphs 3.1, 3.7 and 3.8 of the Consultant Guidelines.

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