ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, in writing, at least thirty (30) days before the beginning of a Plan Year.
Appears in 4 contracts
Samples: Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc), Employee Stock Ownership Plan and Trust Agreement (Allied Capital Corp), Retirement & Profit Sharing Plan (Telxon Corp)
ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be irrevocable and communicated to the Employer, in writing, at least thirty (30) days within a reasonable period of time before the beginning of a the first Plan Year. For standardized Plans, a Participant or an Eligible Employee may not elect not to participate.
Appears in 3 contracts
Samples: Adoption Agreement (MSC Software Corp), Non Standardized 401(k) Profit Sharing Plan (Aceto Corp), 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)
ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, in writing, at least thirty (30) days within a reasonable period of time before the beginning of a Plan Year.
Appears in 1 contract
Samples: Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)
ELECTION NOT TO PARTICIPATE. An Notwithstanding anything else in the Plan to the contrary, an Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, Employer in writing, writing at least thirty (30) days before the beginning of a Plan Year.
Appears in 1 contract
Samples: 401(k) Employee Stock Ownership Plan and Trust Agreement (Invitrogen Corp)
ELECTION NOT TO PARTICIPATE. An Employee may, subject to the approval of the Employer, elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, in writing, at least thirty (30) days before the beginning of a Plan Year.. ARTICLE IV
Appears in 1 contract
Samples: Employee Stock Ownership Plan (Atlantic Coast Airlines Inc)
ELECTION NOT TO PARTICIPATE. An Notwithstanding Section 2.01, an Employee may, subject to the approval of the Employer, voluntarily elect voluntarily not to participate in the Plan. The election not to participate must be communicated to the Employer, in writing, at least thirty (30) days before the beginning of a Plan Year., or within such other time as the Employer shall require. * * * * * * * * * * * * * * *
Appears in 1 contract
Samples: Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)
