Common use of Contrary Election/Covered Employee Clause in Contracts

Contrary Election/Covered Employee. Any Participant who makes a Contrary Election (Choose a. or b.; leave blank if an ACA or a QACA): a. [ ] Covered Employee. Is a covered employee and continues to be covered by the EACA provisions. [Note: Under this Election, the Participant's Contrary Election will remain in effect, but the Participant must receive the EACA annual notice.] b. [ ] Not a Covered Employee. Is not a Covered Employee and will not continue to be covered by the EACA provisions. [Note: Under this Election, the Participant no longer must receive the EACA annual notice, but the Plan cannot use the six-month period for relief from the excise tax of Code §4979(f)(1).]

Contrary Election/Covered Employee. Any Participant who makes a Contrary Election (Choose a. or b.; leave blank if an ACA or a QACAACA): a. [ ] Covered Employee. Is a covered employee and continues to be covered by the EACA provisions. [Note: Under this Election, the Participant's Contrary Election will remain in effect, but the Participant must receive the EACA annual notice.] b. [ ] Not a Covered Employee. Is not a Covered Employee and will not continue to be covered by the EACA provisions. [Note: Under this Election, the Participant no longer must receive the EACA annual notice, but the Plan cannot use the six-month period for relief from the excise tax of Code §4979(f)(1).]

Contrary Election/Covered Employee. Any Participant who makes a Contrary Election (Choose a. or b.; leave blank if an ACA or a QACA): a. [ ] Covered Employee. Is a covered employee and continues to be covered by the EACA provisions. [Note: Under this Election, the Participant's Contrary Election will remain in effect, but the Participant must receive the EACA annual notice.] b. [ ] Not a Covered Employee. Is not a Covered Employee and will not continue to be covered by the EACA provisions. [Note: Under this Election, the Participant no longer must receive the EACA annual notice, but the Plan cannot use the six-six month period for relief from the excise tax of Code §4979(f)(1).]

Contrary Election/Covered Employee. Any Participant who makes a Contrary Election (Choose a. or b.; leave blank if an ACA or a QACA):ACA): FINAL a. [ ] Covered Employee. Is a covered employee and continues to be covered by the EACA provisions. [Note: Under this Election, the Participant's Contrary Election will remain in effect, but the Participant must receive the EACA annual notice.] b. [ ] Not a Covered Employee. Is not a Covered Employee and will not continue to be covered by the EACA provisions. [Note: Under this Election, the Participant no longer must receive the EACA annual notice, but the Plan cannot use the six-month period for relief from the excise tax of Code §4979(f)(1).]

Contrary Election/Covered Employee. Any Participant who makes a Contrary Election (Choose a. or b.; leave blank if an ACA or a QACAACA): a. [ ] Covered Employee. Is a covered employee and continues to be covered by the EACA provisions. [Note: Under this Election, the Participant's Contrary Election will remain in effect, but the Participant must receive the EACA annual notice.] b. [ ] Not a Covered Employee. Is not a Covered Employee and will not continue to be covered by the EACA provisions. [Note: Under this Election, the Participant no longer must receive the EACA annual notice, but the Plan cannot use the six-month period for relief from the excise tax of Code §4979(f)(1).]] FINAL