Participation in the Plan. Participation in the Plan is considered mandatory for all Eligible Employees who satisfy the eligibility conditions specified in the Adoption Agreement, except as provided in Section 4.03(e) of the Master Plan. However, the Employer may specify below that participation is optional for certain classes of Eligible Employees, including Regular Employees, elected or appointed members of the Governing Authority, Municipal Legal Officers, City Managers, and/or Department Heads. If participation is optional for an Eligible Employee, then in order to become a Participant, he must make a written election to participate within 120 days after employment, election or appointment to office, or if later, the date he first becomes eligible to participate in the Plan. The election is irrevocable, and the failure to make the election within the 120 day time limit shall be deemed an irrevocable election not to participate in the Plan. Classes for whom participation is optional (check one): None (Participation is mandatory for all Eligible Employees except as provided in Section 4.03(e) of the Master Plan). Participation is optional for the following Eligible Employees (must specify - specific positions are permissible; specific individuals may not be named; all positions or classes specified must be Eligible Employees): .
Participation in the Plan. The Company hereby permits the Employee to participate, and the Employee hereby elects to participate, in the Plan, subject to all of the terms, conditions and provisions of the Plan and this Agreement.
Participation in the Plan. Executive acknowledges the terms of the Plan, including (i) the severance pay and benefits provided thereunder, (ii) the conditions upon which such severance pay and benefits will be paid and provided, (iii) the conditions that Executive must satisfy to receive severance pay and benefits thereunder, and (iv) that the Plan provides the sole source of pay and benefits in connection with an Eligible Termination.
Participation in the Plan. Foreign national employees, excluding officers and directors of the Company, who are employed by an eligible foreign subsidiary, shall be eligible to participate in the Plan.
Participation in the Plan. No Participant has any claim or right to be granted an Option (including, without limitation, an Option granted in substitution for any Option that has expired pursuant to the terms of this Plan), and the granting of any Option is not to be construed as giving a Participant a right to continued employment or to remain a Consultant, director, officer or employee, as the case may be, of the Corporation or an Affiliate of the Corporation. Nothing contained in this Grant Agreement or the Plan will interfere in any way with the rights of the Corporation or an Affiliate of the Corporation in connection with the employment or termination of any such person. Upon any such termination, a Participant’s rights to exercise Options will be subject to restrictions and time limits for the exercise of Options. Complete details of such restrictions are set out in the Plan, and in particular in Article 4 thereof (except to the extent that such provisions are varied in accordance with Schedule “A” hereto). The Participant hereby agrees that any rule, regulation or determination, including the interpretation by the Board of the Plan, the Option granted hereunder and the exercise thereof, is final and conclusive for all purposes and binding on all persons including the Corporation and the Participant.
Participation in the Plan. The parties to this agreement agree that the members of their respective bargaining units will continue to participate in the Capital Power Flex Benefits Plan (“The Plan”).
Participation in the Plan. (a) In the event of the adoption of the Plan and Trust by an Affiliate, the Affiliate shall become a Participating Company and all the terms and conditions of the Plan and Trust as set forth hereunder shall apply to the participation under the Plan of such Affiliate and its Employees in the manner as set forth herein. Notwithstanding the foregoing, the following rights are specifically reserved to the Company so long as the Company participates under the Plan:
Participation in the Plan. A Participant elects, subject to the provisions of the Plan, to participate in the Plan by delivering before March 15, or such earlier time as may be directed by the Plan Administrator, of the first Plan Year the Participant is eligible to participate, a properly executed Agreement to the Administrator. The Agreement shall conform to the terms and conditions of the Plan and shall include an election not to participate in the Retirement Contribution of the AFG RASP or any other defined contribution plan sponsored by an AFG subsidiary. An Employee's election to participate in the Plan may not be revoked during the Plan Year. An employee may only revoke this election by notifying the Plan Administrator in writing by December 1 of the Plan Year for the termination to be effective in the next following Plan Year. All Employees who were participants of the AFC Auxiliary ESORP shall automatically be participants in this Plan subject to the elections made under such plan without executing a new Agreement.
Participation in the Plan. All employees shall participate in the above Plan as a condition of employment. New employees shall be eligible to participate in the Medical Care Plan on the date of hire, and are required to subscribe to: Life Insurance Wage Loss Insurance Extended Medical Long Term Disability on the first (1st) month after the probationary period has expired. New employees will be eligible and shall participate in the Dental Plan on the seventh (7th) month of employment. The Company contributions to be reduced on a prorated basis.
Participation in the Plan. Each Eligible Employee who was a Participant in the ESOP and/or the Tax Benefit Plan immediately prior to the Effective Date shall be eligible to make Elective Contributions on and after the Effective Date, provided he is still an Eligible Employee. In addition, any Designation of Beneficiary on file for such Eligible Employee under the Tax Benefit Plan shall be a valid Designation under this Plan, unless and until changed in accordance with the provisions of this Plan. Each other Eligible Employee who becomes a Participant shall be notified when he is eligible to make Elective Contributions and shall be provided with such information as is required by the Plan and by ERISA, within the time prescribed for providing such information. Each such Participant also shall be provided with a Designation of Beneficiary Form which shall provide for a designation of one or more Beneficiaries to receive benefits in the event of the Employee’s death, and shall be provided with such forms as may be necessary to cause Elective Contributions to be made on his behalf to the Trust.
