Common use of Eligibility to Participate Clause in Contracts

Eligibility to Participate. The Compensation Committee in its sole discretion shall designate from time to time Participants that are eligible to participate in this Plan.

Appears in 10 contracts

Samples: Group Term Replacement Plan (CFSB Bancorp, Inc. /MA/), First Community Financial Corp, LaPorte Bancorp, Inc.

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Eligibility to Participate. The Compensation Committee in its sole discretion shall designate from time to time Participants executives that are eligible to participate in this Plan.

Appears in 7 contracts

Samples: Plan (Beverly National Corp), Executive Supplemental Life Insurance Plan (Acnb Corp), Athens Bancshares Corp

Eligibility to Participate. The Compensation Committee in its sole discretion shall designate from time to time Participants that are eligible to participate in this Plan. The Compensation Committee will not designate a Participant as eligible unless the eligible executive has been employed by the Corporation for at least three years.

Appears in 2 contracts

Samples: Dollar Life Insurance Plan (Heartland Financial Usa Inc), Heartland Financial Usa Inc

Eligibility to Participate. The Compensation Committee in its sole discretion shall designate from time to time Participants that are eligible to participate in this Plan. The Compensation Committee will not designate a Participant as eligible unless he or she either is a participant in the Company's group term insurance plan as of this date or has been employed by the Company for at least one year.

Appears in 1 contract

Samples: Orrstown Financial Services Inc

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Eligibility to Participate. The Compensation Committee in its sole discretion shall designate from time to time Participants that are employees eligible to participate in this Plan.

Appears in 1 contract

Samples: Cortland Bancorp Inc

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