Common use of Entry Dates Clause in Contracts

Entry Dates. Each Employee who was eligible to participate under Section 2.1 on the Effective Date automatically became a Participant in this Plan as of the Effective Date. Each other Employee shall become a Participant in this Plan on the first day of January or July coincident with or next following the first (1st) date on which he meets the eligibility requirements of Section 2.1. A re-employed Employee who has once met the one (1) Year of Service requirement for eligibility shall become (or, if formerly a Participant, be reinstated as) a Participant in this Plan on his re-employment date or, if later, on the first day of January or July coincident with or next following the date he attains age twenty-one (21).

Appears in 4 contracts

Samples: Employee Stock Ownership Plan and Trust Agreement (Union Community Bancorp), Employee Stock Ownership Plan and Trust Agreement (Union Community Bancorp), Employee Stock Ownership Plan and Trust Agreement (Citizens Bancorp)

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Entry Dates. Each Employee who was eligible to participate under Section 2.1 on the Effective Date automatically became a Participant in this Plan as of the Effective Date. Each other Employee shall become a Participant in this Plan on the first day of January or July coincident with or next following the first (1st) date on which he meets the eligibility requirements of Section Section 2.1. A re-employed Employee who has once met the one (1) Year of Service requirement for eligibility shall become (or, if formerly a Participant, be reinstated as) a Participant in this Plan on his re-employment date or, if later, on the first day of January or July coincident with or next following the date he attains age twenty-one (21).

Appears in 1 contract

Samples: Employee Stock Ownership Plan and Trust Agreement (Lincoln Bancorp /In/)

Entry Dates. Each Employee who was eligible to participate under Section 2.1 on the Effective Date automatically became a Participant in this Plan as of the Effective Date. Each other Employee shall become a Participant in this Plan on the first day of January or July coincident with or next following the first (1st) date on which he meets the eligibility requirements of Section Section 2.1. A re-employed Employee who has once met the whose Period of Service is at least one (1) Year of Service requirement for eligibility year and is at least age twenty (21) shall become (or, if formerly a Participant, be reinstated as) a Participant in this Plan on his re-employment date or, if later, on the first day of January or July coincident with or next following the date he attains age twenty-one (21)date.

Appears in 1 contract

Samples: Employee Stock Ownership Plan and Trust Agreement (City Savings Financial Corp)

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Entry Dates. Each Employee who was eligible to participate under Section 2.1 on the Effective Date automatically became a Participant in this Plan as of the Effective Date. Each other Employee shall become a Participant in this Plan on the first day of January or July coincident with or next following the first (1st) date on which he meets the eligibility requirements of Sectionof Section 2.1. A re-employed Employee who has once met the one (1) Year year Period of Service requirement for eligibility shall become (or, if formerly a Participant, be reinstated as) a Participant in this Plan on his re-employment date or, if later, on the first day of January or July coincident with or next following the date he attains age twenty-one (21).

Appears in 1 contract

Samples: Employee Stock Ownership Plan and Trust Agreement (Citizens Bancorp)

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