Common use of Evergreen election Clause in Contracts

Evergreen election. An election made by the Participant shall continue in effect for subsequent years until modified by the Participant as permitted in Section 4.1 and Section 4.2. (This option is not permitted if source year accounts are elected in Section 4.3)

Appears in 7 contracts

Samples: Plan Adoption Agreement (Webster Financial Corp), Nonqualified Excess Plan (Sound Financial Bancorp, Inc.), Adoption Agreement (J. Alexander's Holdings, Inc.)

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Evergreen election. An election made by the Participant shall continue in effect for subsequent years until modified by the Participant as permitted in Section 4.1 and Section 4.2. (This option is not permitted if source year accounts are elected in Section 4.35.1)

Appears in 6 contracts

Samples: Adoption Agreement (Preformed Line Products Co), Plan Adoption Agreement (Federal Agricultural Mortgage Corp), Adoption Agreement (First Bancorp /Nc/)

Evergreen election. An election made by the Participant shall continue in effect for subsequent years until modified by the Participant as permitted in Section 4.1 and Section 4.2. (This option is not permitted if source year accounts are elected in Section 4.35.1).

Appears in 2 contracts

Samples: Adoption Agreement (KMG Chemicals Inc), Adoption Agreement (First Bancorp /Nc/)

Evergreen election. An election made by the Participant shall continue in effect for subsequent years until modified by the Participant as permitted in Section 4.1 and Section 4.2. (This option is not permitted if source year accounts are elected in Section 4.3).

Appears in 1 contract

Samples: Everus Construction (Everus Construction Group, Inc.)

Evergreen election. An election made by the Participant shall continue in effect for subsequent years until modified by the Participant as permitted in Section 4.1 and Section 4.2. (This option is not permitted if source year accounts are elected in Section 4.3) XX (b)

Appears in 1 contract

Samples: Federal Agricultural Mortgage Corp

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Evergreen election. An election made by the Participant shall continue in effect for subsequent years until modified by the Participant as permitted in Section 4.1 and 4.1and Section 4.2. (This option is not permitted if source year accounts are elected in Section 4.3)

Appears in 1 contract

Samples: Adoption Agreement (Mdu Resources Group Inc)

Evergreen election. An election made by the Participant shall continue in effect for subsequent years until modified by the Participant as permitted in Section 4.1 and Section 4.2. (This option is not permitted if source year accounts are elected in Section 4.3)Section

Appears in 1 contract

Samples: Adoption Agreement (Cross Country Healthcare Inc)

Evergreen election. An election made by the Participant shall continue in effect for subsequent years until modified by the Participant as permitted in Section 4.1 and Section 4.2. (This option is not permitted if source year accounts are elected in Section 4.35.1.)

Appears in 1 contract

Samples: Adoption Agreement (Guild Holdings Co)

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