Inactive Participants. Subject to Article IV(P)(1) and (R) with respect to certain Participants, it is agreed as follows:
(1) During any Plan Year in which a Participant does not have at least 1,000 Hours of Service but remains employed by the Company throughout such Plan Year, he shall be deemed an inactive Participant in the portion of the Plan relating to Discretionary Company Contributions and as such he shall not share in the allocation of any such contributions or forfeitures of the same, if any, for such Plan Year under Article IV(A). However, he shall continue to be treated as a Participant in such portion of the Plan for other Plan purposes including the periodic adjustments to accounts of Participants described in Article IV(O)(1), (2), (4) and (5) and his eligibility to make Elective Contributions to the Trust under Article II(A). If in any subsequent Plan Year such an inactive Participant in the Discretionary Company Contributions portion of the Plan completes at least 1,000 Hours of Service he again shall become an active Participant and shall be treated as such for all Plan purposes.
(2) During any period when a Participant fails to conform to the definition of an Employee because he is covered by a collective bargaining agreement within the meaning of Article I(A)(19)(b) but is still employed by the Company or because he is transferred to employment with a Related Company which has not adopted the Plan for its eligible employees, he shall be deemed an inactive Participant and during such period no Compensation paid to him by the Company shall be taken into account for the purpose of allocating Discretionary Company Contributions or forfeitures of the same under Article IV or otherwise under the Plan. However, he shall continue to be treated as a Participant for other Plan purposes including the periodic adjustments to accounts of Participants described in Article IV(O)(1), (2), (4) and (5). If such an inactive Participant again conforms to the definition of an Employee he subsequently shall be treated as an active Participant for all Plan purposes and Compensation paid to him thereafter by the Company shall be taken into account for the foregoing purposes.
(3) During any period (i) when an election under Article III(B) to reduce the Creditable Compensation which a Participant otherwise would be entitled to receive and to have the Company make Elective Contributions to the Trust on his behalf is not in effect, (ii) when a Participant fails to meet the definition of...
Inactive Participants. If a Participant subsequently becomes ineligible under Section 3.1 hereunder, but is still employed by an Affiliated Employer he shall become an inactive Participant and shall continue to accrue credit for Years of Service for purposes of vesting but not benefit accrual.
Inactive Participants. 7 3.04 The Active Life Fund.................................................. 7
Inactive Participants. Except as provided in Section 6.07, in the event that any Participant shall fail in any Plan Year, to meet the requirements of Section 6.06 for sharing in Excess Non-Elective Contributions and Forfeitures thereof for such Plan Year and shall not have a Break in Service, his Excess Non-Elective Contribution Account shall be placed on inactive status. In such case the Participant shall not share in the Employer’s Excess Non-Elective Contributions or in Forfeiture allocations thereof for such Plan Year but shall continue to receive Net Earnings, dividends and gains and losses allocations in accordance with Article VII. In the event such Participant meets the requirements of Section 6.06 in a subsequent Plan Year, his Excess Non-Elective Contribution Account shall revert to active status with full rights and privileges under this Plan restored.
Inactive Participants. Inactive participants shall consist of those persons, including beneficiaries of deceased participants, if any, for whom an allocation shall have been made for a prior fiscal year under this Plan or a Predecessor Plan, the payment of which was deferred and remains unpaid. Status as an inactive participant shall not preclude a person from also being an active participant during any fiscal year.
Inactive Participants. (a) A Participant may be designated as Inactive either (1) upon a decision of the Executive Committee following a request by the Participant or (2) pursuant to a decision of the Executive Committee in accordance with Article 10.8;
(b) The Executive Committee may decide at any time to end a Participant’s inactive status upon request of the Participant;
(c) Inactive Participants may attend meetings of the Executive Committee as an observer but may not join Tasks or participate in Task activities;
(d) Notwithstanding the provisions of Article 3, Inactive Participants shall not be counted for the purposes of quorum and shall not have the right to vote except on amendments to this Implementing Agreement under Article 10;
Inactive Participants. In the event that contributions for a Participant cease before his Annuity Commencement Date, the Contract Owner or the Participant will notify the Company as to the manner in which the then value of the Participant's Individual Account is to be disbursed in accordance with Section 7.01.
Inactive Participants. Inactive Participants are members of the Class who accepted a lump sum payment of their Accrued Benefit under the Plan or had commenced a distribution of benefits under the Plan before the date that their Settlement Amount is credited to the Plan.
Inactive Participants. Any person for whom an account is maintained under the Plan, but who does not satisfy the current eligibility requirements of this Article II shall be an Inactive Participant. Inactive Participants shall not be entitled to allocations under Sections 6.6 and 11.10 with respect to any period for which they are Inactive Participants.
Inactive Participants. If a Participant subsequently becomes ineligible under Section 3.1 hereunder, but is still employed by an Affiliated Employer he shall become an inactive Participant and shall no longer be eligible to receive Employer contributions to the extent provided in Article IV hereof. ___________________________________________________
