Common use of Ineligible or Former Participants Clause in Contracts

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: Plan and Trust Agreement (Southdown Inc), Plan and Trust Agreement (Timken Co), Bank Jos a Clothiers Inc /De/

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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

Appears in 1 contract

Samples: La Gear 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.. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: 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: Spieker Properties Inc

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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.

Appears in 1 contract

Samples: Roadway Services Inc

Ineligible or Former Participants. A Participant may not make or share in Plan Contributions, nor generally be eligible for a new Plan loan, except as described in Section 9.1, 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.. CHARTER ONE BANK, F.S.B. AMENDMENT NO. 6 EMPLOYEES SAVINGS PLAN AND TRUST

Appears in 1 contract

Samples: Charter One Financial Inc

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