Cessation of Participation Sample Clauses

Cessation of Participation. An individxxx xxo has become a Participant will cease to be a Participant on the earliest of the date on which he (a) Severs Service, (b) is transferred from the employ of an Employer to xxx xxploy of an Affiliated Employer that has not adopted the Plan, (c) becomes included in a unit of employees covered by a collective bargaining agreement that does not require coverage of those employees under the Plan, (d) becomes a Leased Employee, or (e) becomes included in another classification of Employees who, under the terms of the Plan, are not eligible to participate. Under these circumstances, the Participant's Account becomes frozen; he cannot contribute to the Plan or share in the allocation of any Contributions for the frozen period. However, his Accounts shall continue to share in any Plan income allocable to his Accounts during the frozen period of time.
AutoNDA by SimpleDocs
Cessation of Participation. An individual who has become a Participant will cease to be a Participant on the earliest of the date on which he (a) Xxxxxx Service, (b) is transferred from the employ of an Employer to the employ of an Affiliated Employer that has not adopted the Plan, (c) becomes included in a unit of employees covered by a collective bargaining agreement that does not require coverage of those employees under the Plan, (d) becomes a Leased Employee, or (e) becomes included in another classification of Employees who, under the terms of the Plan, are not eligible to participate. Under these circumstances, the Participant’s Account becomes frozen; he cannot contribute to the Plan or share in the allocation of any Contributions for the frozen period. However, his Accounts shall continue to share in any Plan income allocable to his Accounts during the frozen period of time.
Cessation of Participation. A Participant will cease to be a Participant as of the earlier of (a) the date on which the Plan terminates, or (b) the last day on which he is covered under one or more of the employee benefit plans, as described in Section 6.01.
Cessation of Participation. 2.04 Recommencement of Participation.....................................................................2.05 ARTICLE III - CONTRIBUTIONS
Cessation of Participation. If a Termination Date occurs with respect to a Participant, or if a Participant otherwise ceases to be an Eligible Individual, no further Compensation Deferrals, Performance-Based Bonus Deferrals, Matching Contributions or other Employer Contributions shall be credited to the Participant’s Accounts after the Participant’s Termination Date or date the Participant ceases to be eligible (or as soon as administratively feasible after the date the Participant ceases to be eligible or, if applicable, the end of the then-current Plan Year or performance period with respect to Performance-Based Bonuses), unless he is again determined to be an Eligible Individual, but the balance credited to his Accounts shall continue to be adjusted for notional investment gains and losses under the terms of the Plan and shall be distributed to him at the time and manner set forth in Section 9. An Employee, Board Member or Other Service Provider shall cease to be a Participant after his Termination Date or other loss of eligibility as soon as his entire Account balance has been distributed.
Cessation of Participation. A Participant shall cease to be a Participant on the earliest of: (a) with respect to an Eligible Retiree, the date he or she ceases to be an Eligible Retiree for any reason, including death; (b) with respect to an Eligible Dependent, the date he or she ceases to be an Eligible Dependent for any reason, including death; (c) with respect to an Eligible Dependent, the date he or she ceases to be eligible for coverage under Subchapter XVIII of Chapter 7 of Title 42 of the United States Code (Medicare); (d) with respect to an Eligible Dependent Spouse, the date he or she divorces the Eligible Retiree; (e) with respect to an Eligible Retiree, the date he or she is rehired as an active employee of a Sponsor; (f) the effective date of any Plan amendment that renders him or her ineligible to participate; or (g) the termination of the Plan. Reimbursement from the Participant’s HRA Account after termination of participation shall be governed by Section 4.3.
AutoNDA by SimpleDocs
Cessation of Participation. From and after the effective date of withdrawal of a Partner from the Partnership under this Article IV, no interest shall be payable on such Partner's interest in the Partnership to the date of payout.
Cessation of Participation. (a) The participation of the BHGE Entities in the GE UK Pension Plan shall cease with effect from the Exit Date in accordance with the governing rules of the GE UK Pension Plan.
Cessation of Participation. Upon the closing of the sale by the Sponsor of the stock of Nxxxxxx Aluminum-Golden, Inc., (the “NAG Sale”), an individual who is employed by Nxxxxxx Aluminum-Golden, Inc. shall cease to be eligible to participate in the Plan.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!