Common use of Cessation of Participation Clause in Contracts

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.

Appears in 2 contracts

Samples: 401(k) Savings Plan Amendment (Quanex Corp), 401(k) Savings Plan (Quanex Corp)

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Cessation of Participation. Upon the closing of the sale by the Sponsor of the stock of Nxxxxxx Xxxxxxx Aluminum-Golden, Inc., (the “NAG Sale”), an individual who is employed by Nxxxxxx Xxxxxxx Aluminum-Golden, Inc. shall cease to be eligible to participate in the Plan.

Appears in 2 contracts

Samples: 401(k) Savings Plan (Quanex Corp), 401(k) Savings Plan Amendment (Quanex Corp)

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