Initial Entry Date definition
Examples of Initial Entry Date in a sentence
A salary deferral Election filed within 60 days of the Participant's Initial Entry Date shall be effective as soon as administratively feasible following the filing of such salary deferral Election.
An AIP deferral Election filed within 60 days before the Participant's Initial Entry Date shall be effective on the Initial Entry Date.
A VIP deferral Election filed within 60 days before the Participant's Initial Entry Date shall be effective on the Initial Entry Date.
An Eligible Employee may begin participation in the Plan upon the Eligible Employee's Initial Entry Date or any Entry Date thereafter, subject to the submission of an Election pursuant to Article III.
Such Employee's "Initial Entry Date" shall be the beginning of the first payroll period, commencing on or after August 28, 2000, after he has (i) attained the age of twenty-one (21) years or more and (ii) completed at least three months of active service during which he was credited with 250 Hours of Service.
The Initial Entry Date shall have no bearing on when such Employee becomes a Participant who is eligible for allocations of Discretionary Contributions.
The Salary Deferral Election must be returned to the Company in advance of the Executive's Initial Entry Date or Entry Date in accordance with such rules and procedures as may be established by the Committee.
In order to commence salary deferrals and/or deferrals of amounts payable under the AIP, VIP and/or MIP as of the Initial Entry Date, the Election must be returned to the Plan Administrator within 60 days of the date an individual first becomes an Eligible Employee; otherwise the Election must be returned to the Plan Administrator in advance of the next subsequent Entry Date, in accordance with rules and procedures established by the Plan Administrator.
Each such Employee shall have only one Initial Entry Date and if he does not elect commencement of Elective Contributions on that date then his subsequent right to elect commencement of Elective Contributions shall be limited to Regular Entry Dates, pursuant to Article II(A)(2).
A MIP deferral Election filed within 60 days before the Participant's Initial Entry Date shall be effective on the Initial Entry Date.