Common use of Elections and consents Clause in Contracts

Elections and consents. The election required by Section 5.02(b) and the consent required by Section 5.02(c)must be submitted to the Employer: (a) in the case of an Employee who has been a Participant in the Plan, on or before the last day of the election period preceding the Plan Year, or other 12-month period (if shorter than 12-month period for the first election) for benefits described in Section 6.01, in which the election or consent is to become effective, or such earlier time as specified in Adoption Agreement, and (b) in the case of Participant who becomes entitled to change or revoke an election pursuant to Section 5.05 of the Plan, prior to the first day upon which a new election is to become effective If an Employee fails to submit an election form as required by Section 5.04(a) before the start of any new Plan Year, his Compensation for the new Plan Year will be reduced for all previously elected coverage’s except the Dependent Care Reimbursement Account and the Medical Expense Reimbursement Account. In order to participate in the Dependent Care Reimbursement Account or the Medical Expense Reimbursement Account for any Plan Year, an Employee must make a new election each Plan Year as described in Section 5.04(a) or (b) above.

Elections and consents. The election required by Section 5.02(b) and the consent required by Section 5.02(c)must be submitted to the Employer: (a) in the case of an Employee who has been a Participant in the Plan, on or before the last day of the election period preceding the Plan Year, or other 12-month period (if shorter than 12-month period for the first election) for benefits described in Section 6.01, in which the election or consent is to become effective, or such earlier time as specified in Adoption Agreement, and (b) in the case of Participant who becomes entitled to change or revoke an election pursuant to Section 5.05 of the Plan, prior to the first day upon which a new election is to become effective If an Employee fails to submit an election form as required by Section 5.04(a) before the start of any new Plan Year, his Compensation for the new Plan Year will be reduced for all previously elected coverage’s except the Dependent Care Reimbursement Account and Account, the Medical Expense Reimbursement Account, and the Individual Medical Insurance Policy Reimbursement Account. In order to participate in the Dependent Care Reimbursement Account or the Medical Expense Reimbursement Account for any Plan Year, an Employee must make a new election each Plan Year as described in Section 5.04(a) or (b) above.

Elections and consents. The election required by Section 5.02(b) and the consent required by Section 5.02(c)must be submitted to the Employer: (a) in the case of an Employee who has been a Participant in the Plan, on or before the last day of the election period preceding the Plan Year, or other 12-month period (if shorter than 12-month period for the first election) for benefits described in Section 6.01, in which the election or consent is to become effective, or such earlier time as specified in Adoption Agreement, and (b) in the case of Participant who becomes entitled to change or revoke an election pursuant to Section 5.05 of the Plan, prior to the first day upon which a new election is to become effective If an Employee fails to submit an election form as required by Section 5.04(a) before the start of any new Plan Year, his Compensation for the new Plan Year will be reduced for all previously elected coverage’s except the Dependent Care Reimbursement Account and Account, the Medical Expense Reimbursement Account, and the Individual Medical Insurance Policy Reimbursement Account. In order to participate in the Dependent Care Reimbursement Account or Account, the Medical Expense Reimbursement Account, or the Individual Medical Insurance Policy Reimbursement Account for any Plan Year, an Employee must make a new election each Plan Year as described in Section 5.04(a) or (b) above.