Current Participants Sample Clauses
The "Current Participants" clause defines who is actively involved in an agreement or arrangement at a given point in time. It typically lists or references the individuals, entities, or organizations that are recognized as parties to the contract as of the effective date or during its term. This clause ensures that all parties are clearly identified, which helps prevent confusion about rights, obligations, and responsibilities, and provides a definitive reference in case of disputes or changes in participation.
Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of ________% of Compensation or $________ of Compensation.
Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of ________% (not more than 10%) of Compensation or $________ [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].
i. On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer.
ii. After _____ Years of Service, the amount specified above shall increase to _____% (no more than 10%) or $_______ [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].
Current Participants. The automatic deferral provisions apply to all other eligible Participants as follows:
(A) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election (including an election not to defer under the Plan).
(B) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election that is at least equal to the automatic deferral amount under subsection (2)(i), as applicable. Current Participants who have made a Salary Deferral Election that is less than the automatic deferral amount or who have not made a Salary Deferral Election will automatically be increased to the automatic deferral amount unless the Participant enters into a new Salary Deferral election on or after the effective date of the automatic deferral provisions.
Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of % (not more than 10%) of Compensation or $ [may be no more than the Code §402(g) limit and Code §414(v) limit, if applicable].
i. On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer.
ii. After Years of Service, the amount specified above shall increase to % (not more than 10%) or $ [may be no more than the Code §402(g) limit and Code §414(v) limit, if applicable].
Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of % (not more than 10%) of Compensation or $ [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].
Current Participants. Each individual who was a Participant on December 31, 1998 shall continue to be a Participant subject to the terms of the Plan.
Current Participants. In all events, the Settlement Administrator shall complete all payment calculations for all Current Participants by no later than within forty-five (45) calendar days after the Settlement Effective Date. Within five (5) calendar days after the Settlement Administrator has completed all payment calculations for all Current Participants, the Settlement Administrator will provide the Plan Administrator with an Excel spreadsheet containing the name, Social Security number, and amount of the settlement payment to be made into the Active Account(s) for each of the Current Participants. Thereafter, within fourteen (14) calendar days written notice to the Plan Administrator, the Settlement Administrator shall effect a transfer from the Qualified Settlement Fund to the Plan’s trustee of the aggregate amount of all settlement payments payable to Current Participants, as reflected in the Plan Distribution Allocation File provided by the Settlement Administrator. The Plan’s trustee will credit the individual Active Account(s) of each Current Participant in an amount equal to that stated on the spreadsheet provided by the Settlement Administrator in relation to such Current Participant. The settlement payment for each Current Participant will be invested in accordance with and proportionate to such Current Participant’s investment elections then on file. If there is no investment election on file for any Current Participant, then such Current Participant shall be deemed to have directed such payment to be invested in the relevant Plan’s “Qualified Default Investment Alternative,” as defined in 29 C.F.R. § 2550.404c-5. The Settling Parties understand the Plan’s Recordkeeper will process all Current Participant transactions within thirty (30) calendar days of receiving direction from the Settlement Administrator for any Current Participant.
Current Participants. The automatic deferral provisions apply to all other eligible Participants as follows:
(A) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election (including an election not to defer under the Plan).
(B) Automatic deferral provisions apply to all current Participants who have not entered into a Salary Deferral Election that is at least equal to the automatic deferral amount under subsection (2)(ii). Current Participants who have made a Salary Deferral Election that is less than the automatic deferral amount or who have not made a Salary Deferral Election will automatically be increased to the automatic deferral amount unless the Participant enters into a new Salary Deferral election on or after the effective date of the automatic deferral provisions. 🞎 (C) Automatic deferral provisions do not apply to current Participants. Only new Participants described in subsection (i) above are subject to the automatic deferral provisions. 🞎 (D) Describe:
Current Participants. In the Plan Year in which the automatic enrollment feature becomes effective, current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of % of Compensation or $ .
o a. On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer.
o b. After Years of Service, the amount specified above shall increase to % or $ .
Current Participants. Current Participants who are deferring at a percentage less than the amount selected herein shall have Elective Deferrals withheld in the amount of % (not more than 10%) of Compensation or $ [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].
i. On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer.
ii. After Years of Service, the amount specified above shall increase to %(no more than 10%) or$ [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable]. Employees and Participants shall have the right to amend the stated automatic Elective Deferral provisions or receive cash in lieu of deferral into the Plan. For purposes of this provision, Employees returning an election form indicating a 11Zero'' deferral amount shall be deemed "Current Participants".