Eligibility Upon Reemployment. If an Employee incurs a Separation From Service prior to the date he initially begins participating in the Plan, he shall be eligible to begin participation in the Plan on the later of the date he would have become a Participant if he did not incur a Separation From Service or the date on which he performs an Hour of Service after he incurs a Separation From Service. Subject to Section 2.04, once an Employee becomes a Participant, his eligibility to participate in the Plan shall continue until he Xxxxxx Service.
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Samples: 401(k) Savings Plan (Quanex Corp), 401(k) Plan Amendment and Restatement (Quanex Corp), Employee Savings Plan (Quanex Corp)
Eligibility Upon Reemployment. If an Employee incurs a Separation From Service prior to the date he initially begins participating in the Plan, he shall be eligible to begin participation in the Plan on the later of the date he would have become a Participant if he did not incur a Separation From Service or the date on which he performs an Hour of Service after he incurs a Separation From Service. Subject to Section 2.04, once an Employee becomes a Participant, his eligibility to participate in the Plan shall continue until he Xxxxxx Severs Service.
Appears in 3 contracts
Samples: Hourly Bargaining Unit Employees Savings Plan (Quanex Corp), Employee Savings Plan (Quanex Corp), 401(k) Plan Amendment and Restatement (Quanex Corp)
Eligibility Upon Reemployment. If an Employee incurs a Separation From Service prior to the date he initially begins participating in the Plan, he shall be eligible to begin participation in the Plan on the later of the date he would have become a Participant if he did not incur a Separation From Service or the date on which he performs an Hour of Service after he incurs a Separation From Service. Subject to Section 2.04, once an Employee becomes a Participant, his eligibility to participate in the Plan shall continue until he Xxxxxx Sxxxxx Service.
13. The first paragraph of Section 3.01 of the Plan shall be completely amended and restated to provide as follows:
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Eligibility Upon Reemployment. If an Employee incurs a Separation From Service prior to the date he initially begins participating in the Plan, he shall be eligible to begin participation in the Plan on the later of the date he would have become a Participant if he did not incur a Separation From Service or the first date on which he performs an Hour of Service after he incurs a Separation From Service. Subject to Section 2.04, once an Employee becomes a Participant, his eligibility to participate in the Plan shall continue until he Xxxxxx Sxxxxx Service.
11. Sections 3.03, 3.04, 3.05 and 3.06 of the Plan shall be completely amended and restated to provide as follows:
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Eligibility Upon Reemployment. If an Employee incurs a Separation From Service with the Employer prior to the date he initially begins participating in the Plan, he shall be eligible to begin participation in the Plan on the later of (a) the date he would have become a Participant commenced participation in the Plan if he did had not incur incurred a Separation From Service or (b) the date on which he performs an Hour of Service after he incurs a his Separation From Service. Subject to Section 2.04, once an Employee becomes a Participantcommences participation in the Plan, his eligibility to participate in the Plan shall continue until he Xxxxxx Service.
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Samples: 401(k) Savings Investment Plan Amendment (Furmanite Corp)
Eligibility Upon Reemployment. If an Employee incurs a Separation From Service prior to the date he initially begins participating in the Plan, he shall be eligible to begin participation in the Plan on the later of the date he would have become a Participant if he did not incur a Separation From Service or the date on which he performs an Hour of Service after he incurs a Separation From Service. Subject to Section 2.04, once an Employee becomes a Participant, his eligibility to participate in the Plan shall continue until he Xxxxxx Sxxxxx Service.
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Samples: Employee Savings Plan (Quanex Corp)
Eligibility Upon Reemployment. If an Employee incurs a Separation From Service with the Employer prior to the date he initially begins participating in the Plan, he shall be eligible to begin participation in the Plan on the later of the date he would have become a Participant Member if he did not incur a Separation From Service or the date on which he performs an Hour of Service after he incurs a Separation From from Service. Subject to Section 2.04, once an Employee becomes a ParticipantMember, his eligibility to participate in the Plan shall continue until he Xxxxxx Sxxxxx Service.
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