Initial Participation Clause Samples
Initial Participation. Upon completion of the eligibility for Plan participation requirements specified in the Plan Agreement, an Employee shall begin participation in the Plan as of the entry date specified in the Plan Agreement, or as of the Effective Date, whichever is later; provided, however, that:
(a) if the Plan is adopted as an amendment of a predecessor plan of the Employer, every Employee who was participating under the predecessor plan when it was so amended shall become a Participant in the Plan as of the Effective Date, whether or not he has satisfied the age and service requirements specified in the Plan Agreement; and
(b) if the Employer so specifies in the Plan Agreement, any individual who is (i) a nonresident alien receiving no earned income from an Affiliated Employer which constitutes income from sources within the United States, (ii) included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee representatives (excluding from the term "Employee representatives" any organization of which more than half of the members are Employees who are owners, officers, or executives of an Affiliated Employer), if retirement benefits were the subject of good faith bargaining and no more than 2% of the Employees covered by the collective bargaining agreement are professionals as defined in Section 1.410(b)-9 of the Income Tax Regulations, (iii) is an Employee of an Affiliated Employer specified by the Employer in the Plan Agreement, (iv) is a Leased Employee, or (v) is a member of such other class of Employees specified by the Employer in the Plan Agreement, shall not participate in the Plan until the later of the date on which he ceases to be described in clause (i), (ii), (iii), (iv) or (v), whichever are applicable, or the entry date specified by the Employer in the Plan Agreement; and
(c) if the Plan is not adopted as an amendment of a predecessor plan of the Employer, Employees on the Effective Date shall begin participation on the Effective Date, to the extent so elected by the Employer in the Plan Agreement; and
(d) a Participant shall cease to participate in the Plan when he becomes a member of a class of Employees ineligible to participate in the Plan, and shall resume participation immediately upon his return to a class of Employees eligible to participate in the Plan. In the case of a Plan to which the CODA provisions of Article 5 apply and for which the Employer has elected in the Plan Agreement to apply different...
Initial Participation. This Plan shall be available to the Employees of an Employer only if the Employer has executed an Adoption Agreement and provided the Board with such information as the Board deems necessary to administer the Plan on behalf of the Employer. CalPERS, in its sole discretion, will decide whether an Employer may participate in this Plan.
Initial Participation. Effective as of the Election Date applicable to such Eligible Participant, an Eligible Participant may elect to participate in the UPP, subject to HCLP’s acceptance, by properly executing an Enrollment Agreement and filing such Enrollment Agreement with the Committee, or its delegate, at such time in advance of the applicable Election Date as the Committee shall prescribe. The terms of the Enrollment Agreement shall be established by the Committee.
Initial Participation. For purposes of determining the initial percentage that each party to the Pooling Agreement shall participate in the Pooled Business contemplated thereby, the following Participation Percentages shall be used: AmCOMP Assurance Corporation 21 % AmCOMP Preferred Insurance Company 79 %
Initial Participation. 25 2.2 Ineligible Employees and Employees Returning to Participation................................ 25 2.3 Transferred and Reclassified Participants................. 25 2.4 Limitations for Owner-Employees........................... 26 2.5 Omission of Eligible Employee............................. 27 2.6
Initial Participation. When you decide to participate in the Scheme initially you must sign a Form of Acceptance and a Contract of Participation addressed to the Company and the Trustees of the Scheme. A specimen form is attached.
Initial Participation. An Employee that the Employer elects to be eligible for the Plan may become a Participant by entering into a Joinder Agreement (or by being treated as entering into a Joinder Agreement pursuant to Section 4.03) prior to the beginning of the calendar month which h Joinder Agreement become effective defer compensation yet paid or made available, or such other date as may be permitted under the Code. A new employee may defer compensation in the calendar month during which he or she first becomes an employee if a Joinder Agreement is entered into on or before the first day on which the employee performs services for the Employer.
Initial Participation. Each Eligible Employee on the Effective Date who on or before that date met the eligibility requirements specified in the Adoption Agreement or the eligibility requirements for participation in an existing plan referred to in the Adoption Agreement shall be a Participant on the Effective Date. Each other Eligible Employee shall become a Participant on the Entry Date coincident with or immediately following his satisfaction of the eligibility requirements specified in the Adoption Agreement. Except as otherwise provided in the Adoption Agreement, all Years of Service will be counted for purposes of determining whether an individual has satisfied the Plan's service eligibility requirement, if any. If an individual has a Break in Service after satisfying the Plan's service eligibility requirement, service before that Break in Service shall be reinstated as of the date the individual is credited with an Hour of Service after incurring such Break in Service.
Initial Participation. Effective as of the Election Date applicable to such Eligible Participant, an Eligible Participant may elect to participate in the UPP, subject to HCLP’s acceptance, by properly executing an Enrollment Agreement and filing such Enrollment Agreement with the Committee, or its delegate, at such time in advance of the applicable Election Date as the Committee shall prescribe. The terms of the Enrollment Agreement shall be established by the Committee. Any amounts that a Participant contributed to the Previous UPP that are not withdrawn from such Previous UPP before September 14, 2017 will be automatically applied to such Participant’s UPP Account.
Initial Participation. An Employee that the Employer elects to be eligible for the Plan may become a Participant by entering into a Joinder Agreement (or by being treated as entering into a Joinder Agreement pursuant to Section 4.03) prior to the beginning of the calendar month in which the Joinder Agreement is to become effective to defer compensation not yet paid or made available, or such other date as may be permitted under the Code. A new employee may defer compensation in the calendar month during which he or she first becomes an employee if a Joinder Agreement is entered into on or before the first day on which the employee performs services for the Employer.