Adopting Employer Sample Clauses
The "Adopting Employer" clause defines an entity that chooses to participate in an existing benefit plan or agreement originally established by another employer. Typically, this clause outlines the process by which a new employer can formally join the plan, including any requirements for documentation, approval, or compliance with plan terms. Its core function is to facilitate the expansion of benefit plans to additional employers, ensuring consistency and legal clarity for all participating parties.
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Adopting Employer. The term Adopting Employer means any entity which adopts this Plan with the consent of the Sponsor. An Employee's transfer to or from any Employer or Adopting Employer will not affect his or her Participant's Account balance, total Years of Service (or Periods of Service) and total Years of Service as a Participant (or Periods of Service as a Participant). All Adopting Employers will be subject to the following provisions:
(a) MULTIPLE EMPLOYER PLAN PROVISIONS UNDER CODE Section 413(c): Notwithstanding any other provision in the Plan to the contrary, unless the Plan is a collectively bargained plan described in Regulation Section 1.413-1(a), the following provisions will apply with respect to any Adopting Employer that is not an Affiliated Employer of the Sponsor:
Adopting Employer. The term “Adopting Employer” means any entity which adopts this Plan with the consent of the Sponsoring Employer. In addition to all other terms and conditions in the Plan, Adopting Employers will be, and must comply with, the terms and conditions set forth in Article 10. If the Plan is utilizing a standardized Adoption Agreement, then any Affiliated Employer is automatically considered to be an Adopting Employer. If the Plan is utilizing a non-standardized Adoption Agreement, then an Affiliated Employer is not considered an Adopting Employer unless such Affiliated Employer has specifically adopted the Plan.
Adopting Employer. “Adopting Employer” means the entity that adopts this Plan by completing and executing an Adoption Agreement, which may include a joint powers agreement.
Adopting Employer. “Adopting Employer” means the Company and each of its Subsidiaries which have been designated by the Committee as an employer which has adopted the Program.
Adopting Employer. The party whose signature appears below hereby agree to all terms and conditions set forth in this Agreement on behalf of the Employer. (Name of Employer) By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Its: President
Adopting Employer. The term Adopting Employer means any entity that adopts this Plan with the consent of the Sponsor. An Employee’s transfer to or from any Employer or Adopting Employer will not affect his or her Participant’s Account balance, total Years of Service and total Years of Service as a Participant. All Adopting Employers will be subject to the following provisions:
(a) Multiple Employer Plan Provisions Under Code §413(c): Notwithstanding any other provision in the Plan to the contrary, unless the Plan is a collectively bargained plan described in Regulation §1.413-l(a), the following provisions will apply with respect to any Adopting Employer that is not an Affiliated Employer of the Sponsor:
Adopting Employer. ▇▇▇▇▇ of ▇▇▇▇ Nevada Corporation, a Nevada corporation, is an adopting employer to the Plan.