Common use of Exclusion of Certain Classes of Employees Clause in Contracts

Exclusion of Certain Classes of Employees. All Employees will be eligible to become Participants in the Plan except: a. X Those Employees included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in Section 1.410(b)-9 of the regulations. For this purpose, the term "employee representatives" does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. b. X Those Employees who are non-resident aliens (within the meaning of Section 7701(b)(l)(B) of the Code) and who received no earned income (within the meaning of Section 91 l(d)(2) of the Code) from the Employer which constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code) c. ? Those Employees of a Related Employer that has not executed a Related Employer Participation Agreement. d. X Other (Define) Leased Employers ----------------------

Exclusion of Certain Classes of Employees. All Employees will be eligible to become Participants in the Plan except: : a. X [_] Those Employees included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in Section 1.410(b)-9 of the regulations. For this purpose, the term "employee representatives" does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. . b. X [_] Those Employees who are non-resident aliens (within the meaning of Section 7701(b)(l)(B7701(b)(1)(B) of the Code) and who received no earned income (within the meaning of Section 91 l(d)(2911(d)(2) of the Code) from the Employer which constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code) ). c. ? [_] Those Employees of a Related Employer that has not executed a Related Employer Participation Agreement. . d. X [X] Other (Define) Leased Employers ----------------------Interns and Employees who are not employed by --------------------------------------------- NABI-Rockville division. -----------------------

Exclusion of Certain Classes of Employees. All Employees will be eligible to become Participants in the Plan except: : a. X [_] Those Employees included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in Section 1.410(b)-9 of the regulations. For this purpose, the term "employee representatives" does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. . b. X [_] Those Employees who are non-resident aliens (within the meaning of Section 7701(b)(l)(B7701(b)(1)(B) of the Code) and who received no earned income (within the meaning of Section 91 l(d)(2911(d)(2) of the Code) from the Employer which constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code) ). c. ? [_] Those Employees of a Related Employer that has not executed a Related Employer Participation Agreement. . d. X [X] Other (Define) Leased Employers ----------------------Employees employed by NABI-Rockville division. ---------------------------------------------

Exclusion of Certain Classes of Employees. All Employees will be eligible to become Participants in the Plan except: : a. X X/ Those Employees included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in Section 1.410(b)-9 of the regulations. For this purpose, the term "employee representatives" does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. . b. X X/ Those Employees who are non-resident aliens (within the meaning of Section 7701(b)(l)(B7701(b)(1)(B) of the Code) and who received no earned income (within the meaning of Section 91 l(d)(2911(d)(2) of the Code) from the Employer which constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code) ). c. ? Those Employees of a Related Employer that has not executed a Related Employer Participation Agreement. . d. X Other (DefineDEFINE) Leased Employers --------------------------------------------------------------------- ------------------------------------------------------

Exclusion of Certain Classes of Employees. All Employees will be eligible to become Participants in the Plan except: : a. X [ ] Those Employees included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in Section 1.410(b)-9 of the regulations. For this purpose, the term "employee representatives" does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. . b. X [ ] Those Employees who are non-resident aliens (within the meaning of Section 7701(b)(l)(B7701(b)(1)(B) of the Code) and who received no earned income (within the meaning of Section 91 l(d)(2911(d)(2) of the Code) from the Employer which constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code) ). c. ? [ ] Those Employees of a Related Employer that has not executed a Related Employer Participation Agreement. . d. X [ ] Other (Define) Leased Employers -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------

Exclusion of Certain Classes of Employees. All Employees will be eligible to become Participants in the Plan except: : a. X [ ] Those Employees included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in Section 1.410(b)-9 of the regulations. For this purpose, the term "employee representatives" does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. . b. X [ ] Those Employees who are non-resident aliens (within the meaning of Section 7701(b)(l)(B7701(b)(1)(B) of the Code) and who received no earned income (within the meaning of Section 91 l(d)(2911(d)(2) of the Code) from the Employer which constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code) ). c. ? [ ] Those Employees of a Related Employer that has not executed a Related Employer Participation Agreement. . d. X [ ] Other (Define) Leased Employers ----------------------__________________________________________________ __________________________________________________ 'c' 1996 Universal Pensions, Inc., Brainerd, MN 56401

Exclusion of Certain Classes of Employees. All Employees will be eligible to become Participants in the Plan except: : a. X Those Employees included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in Section 1.410(b)-9 of the regulations. For this purpose, the term "employee representatives" does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. . b. X Those Employees who are non-resident aliens (within the meaning of Section 7701(b)(l)(B7701(b)(1)(B) of the Code) and who received no earned income (within the meaning of Section 91 l(d)(2911(d)(2) of the Code) from the Employer which constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code) ). c. ? Those Employees of a Related Employer that has not executed excuted a Related Employer Participation Agreement. d. X Other (Define) Leased Employers ----------------------)___________________________________________________