Ineligible or Former Participants. A Participant may not make or share in Plan Contributions, nor generally be eligible for a new Plan loan, during the period he or she is Ineligible, but he or she shall continue to participate for all other purposes. An Ineligible Participant or former Participant shall automatically become an active Participant on the date he or she again becomes an Eligible Employee.
Appears in 7 contracts
Samples: Retirement Savings Plan and Trust Agreement (Southdown Inc), Employees' Savings Plan and Trust Agreement (Timken Co), Employee Savings Plan Agreement (Nipsco Industries Inc)
Ineligible or Former Participants. A Participant may not make or share in Plan ContributionsContributions during the period he or she is Ineligible, nor generally be eligible for a new Plan loan, during the period he or she except if such Ineligible Participant is Ineligiblean Employee, but he or she shall continue to participate for all other purposes. An Ineligible Participant or former Participant shall automatically become an active Participant on the date he or she again becomes an Eligible Employee.. --------------------------------------------------------------------------------
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Samples: Financial Security Plan and Trust Agreement (Caliber System Inc)
Ineligible or Former Participants. A Participant may not make or share in Plan Contributions, nor generally be eligible for a new Plan loan, during the period he or she is Ineligible, but he or she shall continue to participate for all other purposes. An Ineligible Participant or former Participant shall automatically become an active Participant on the date he or she again becomes an Eligible Employee.. --------------------------------------------------------------------------------
Appears in 1 contract
Samples: Retirement Savings Plan and Trust Agreement (Spieker Properties Inc)
Ineligible or Former Participants. A Participant may not make or share in Plan ContributionsContributions during the period he or she is Ineligible, nor generally be eligible for a new Plan loan, during the period he or she except if such Ineligible Participant is Ineligiblean Employee, but he or she shall continue to participate for all other purposes. An Ineligible Participant or former Participant shall automatically become an active Participant on the date he or she again becomes an Eligible Employee.
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Ineligible or Former Participants. A Participant may not make or share in Plan Contributions, nor generally be eligible for a new Plan loan, during the period he or she is Ineligible, but he or she shall continue to participate for all other purposes. An Ineligible Participant or former Participant shall automatically become an active Participant on the date he or she again becomes an Eligible Employee.. 11
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