Common use of ELECTION NOT TO PARTICIPATE Clause in Contracts

ELECTION NOT TO PARTICIPATE. The Plan: (Choose (a) or (b)) --------------------------- (a) Does not permit an eligible Employee or a Participant to elect not to participate. (b) Does permit an eligible Employee or a Participant to elect not to participate in accordance with Section 2.06 and with the following rules: (Complete (1), (2), (3) and (4)) (1) An election is effective for a Plan Year if filed no later than . -------------------------------------- (2) An election not to participate must be effective for at least Plan Year(s). ------------ (3) Following a re-election to participate, the Employee or Participant: (i) May not again elect not to participate for any subsequent Plan Year. (ii) May again elect not to participate, but not earlier than the Plan Year following the Plan Year in ------------ which the re-election first was effective. (4) (Specify) [Insert "N/A" ------------------------------- if no other rules apply].

ELECTION NOT TO PARTICIPATE. The Plan: (Choose (a) or (b)) --------------------------- (a) Does not permit an eligible Employee or a Participant to elect not to participate. . [N/A] (b) Does permit an eligible Employee or a Participant to elect not to participate in accordance with Section 2.06 and with the following rules: (Complete (1), (2), (3) and (4)) (1) An election is effective for a Plan Year if filed no later than . --------------------------------------________________________________________ . (2) An election not to participate must be effective for at least __ Plan Year(s). ------------. (3) Following a re-election to participate, the Employee or Participant: (i) May not again elect not to participate for any subsequent Plan Year. (ii) May again elect not to participate, but not earlier than the __________ Plan Year following the Plan Year in ------------ which the re-election first was effective. (4) (Specify) ___________________________ [Insert "N/A" ------------------------------- if no other rules apply].

ELECTION NOT TO PARTICIPATE. The Plan: (Choose (a) or (b)) --------------------------- (a) Does not permit an eligible Employee or a Participant to elect not to participate. . [n/a] (b) Does permit an eligible Employee or a Participant to elect not to participate in accordance with Section 2.06 and with the following rules: (Complete (1), (2), (3) and (4and(4)) (1) An election is effective for a Plan Year if filed no later than . --------------------------------------__. (2) An election not to participate must be effective for at least __ Plan Year(s). ------------. (3) Following a re-election to participate, the Employee or Participant: : [n/a] (ia) May not again elect not to participate for any subsequent Plan Year. . [n/a] (iib) May again elect not to participate, but not earlier than the __ Plan Year following the Plan Year in ------------ which the re-election first was effective. (4) (Specify) __ [Insert "N/A" ------------------------------- if no other rules apply].

ELECTION NOT TO PARTICIPATE. The Plan: (Choose (a) or (b)) ---------------------------) (a) Does not permit an eligible Employee or a Participant to elect not to participate. (b) Does permit an eligible Employee or a Participant to elect not to participate in accordance with Section 2.06 and with the following rules: (Complete (1), (2), (3) and (4)) (1) An election is effective for a Plan Year if filed no later than . --------------------------------------_____________________________ (2) An election not to participate must be effective for at least _ Plan Year(s). ------------. (3) Following a re-election to participate, the Employee or Participant: (i) May not again elect not to participate for any subsequent Plan Year. (ii) May again elect not to participate, but not earlier than the __________ Plan Year following the Plan Year in ------------ which the re-election first was effective. (4) (Specify) __________________________________________ [Insert "N/AA " ------------------------------- if no other rules apply].

ELECTION NOT TO PARTICIPATE. The Plan: ([Choose (a) or (b)) ] --------------------------- (a) Does not permit an eligible Employee or a Participant to elect not to participate.. [ ] (b) Does permit an eligible Employee or a Participant to elect not to participate in accordance with Section 2.06 and with the following rules: ([Complete (1), (2), (3) and (4))] (1) An election is effective for a Plan Year if filed no later than . --------------------------------------than (2) An election not to participate must be effective for at least Plan Year(s). ------------------------------------ (3) Following a re-election reelection to participate, the Employee or Participant: (i) May not again elect not to participate for any subsequent Plan Year. . [ ](ii) May again elect not to participate, but not earlier than the Plan Year following the Plan Year in ------------ which the re-election reelection ----------- first was effective. (4) (Specify) [----------------------------------------------------------- -------------------------------------------------------------------- ------------------------------------------. (Insert "N/A" ------------------------------- if no other rules apply].)