Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.
Period of Coverage means the Plan Year; provided, however, that with respect to a Participant who commences participation after the beginning of the Plan Year, the initial Period of Coverage shall run from the effective date of the Participant’s properly completed and executed Participation Agreement to the end of that Plan Year, and all subsequent Periods of Coverage shall be on the Plan Year basis; provided, further, that if a Participant modifies or revokes his or her Participation Agreement as permitted in Article VIII, a new Period of Coverage begins as of the effective date of such modification or revocation and shall run until the end of the Plan Year.
Period of Coverage means periods of contribution or any period treated as such insofar as it is considered equivalent to a period of coverage by the relevant legislation;
Examples of Period of Coverage in a sentence
Unless an exception applies (as described in Article IV), such election is irrevocable for the duration of the Period of Coverage to which it relates.
In other words, unless an exception applies, the Participant may not change any elections for the duration of the Period of Coverage regarding: - Participation in this Plan;- Salary Reduction amounts; or- election of particular Benefit Package Options.
Unless otherwise noted in this section, a Participant's election under the Plan is irrevocable for the duration of the Period of Coverage to which it relates.
More Definitions of Period of Coverage
Period of Coverage means the Plan Year, with the following exceptions:
Period of Coverage means the Plan Year, unless otherwise provided in this document, e.g., in the case of a Qualifying Status Change Event or a newly hired Eligible Employee.
Period of Coverage means the period from the respective Entry Date, during which the insurance cover on the life of a Member continues under this Policy, as specified in the Schedule and/ or the Certificate of Insurance, as the case may be;
Period of Coverage. All Eligible members are covered as long as their membership is in force and in good standing. Your coverage will end on the earlier of the date: 1) The Master Policy is terminated; 2) You are no longer eligible; 3) The period ends for which your membership is paid; or 4) You reach age 70.
Period of Coverage means the period ------------------ commencing on the Effective Date and ending upon the date of termination of this Employment Agreement.
Period of Coverage means the stipulated period of five years or up to 100 000km (whichever occurs first) from the date of initial registration for which the vehicle shall enjoy the benefits of Maintenance Plan in terms of the provisions of this document.
Period of Coverage means a period of payment of contributions or a period of earnings from employment or self-employment, as defined or recognized as a period of coverage by the laws under which such period has been completed, or any similar period insofar as it is recognized by such laws as equivalent to a period of coverage;