Common use of Cessation of Participation Clause in Contracts

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.

Appears in 7 contracts

Samples: Flexible Benefits Plan, Flexible Benefits Plan, Flexible Benefits Plan

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Cessation of Participation. A Participant will shall cease to be a Participant as of the earlier of (a) the of: A. The date on which the Plan terminates, or (b) the last day B. The date on which he is covered under one or more incurs a Termination of Service. Notwithstanding the employee benefit plansforegoing, a former active Participant will be deemed a Participant, for all purposes of this Plan except with respect to contributions as described in Section 6.01.Article III, as long as such former active Participant retains a benefit pursuant to the terms of Article VI. 10/1/98

Appears in 1 contract

Samples: Annual Report

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