Common use of Availability of correction of Employer Eligibility Failure Clause in Contracts

Availability of correction of Employer Eligibility Failure. A Plan Sponsor may use VCP general procedures, VCT, and VCSEP to correct an Employer Eligibility Failure. However, under sections 4.01, 4.02, and 10, SCP, VCO, and VCGroup are not available for a Plan Sponsor to correct an Employer Eligibility Failure.

Availability of correction of Employer Eligibility Failure. A Plan Sponsor may use VCP general procedures, VCT, and or VCSEP to correct an Employer Eligibility Failure. However, under sections 4.01, 4.02, and 10, SCP, VCO, and VCGroup VCGroupSCP and Group Submissions under VCP are not available for a Plan Sponsor to correct an Employer Eligibility Failure.