Common use of Maximum delay in participation Clause in Contracts

Maximum delay in participation. An Entry Date may not result in an Eligible Employee who has satisfied the Plan's eligibility conditions being held out of Plan participation longer than six months, or if earlier, the first day of the next Plan Year, following completion of the Code §410(a) maximum eligibility requirements.

Appears in 3 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), 401(k) Profit Sharing Plan (Nci Building Systems Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

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Maximum delay in participation. An Except as otherwise provided in Section 2.02(G), an Entry Date may not result in an Eligible Employee who has satisfied the Plan's ’s eligibility conditions being held out of Plan participation longer than six months, or if earlier, the first day of the next Plan Year, following completion of the Code §410(a) maximum eligibility requirements.

Appears in 1 contract

Samples: 403(b) Volume Submitter Plan Adoption Agreement

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Maximum delay in participation. An Entry Date may not result in an Eligible Employee who has satisfied the Plan's ’s eligibility conditions being held out of Plan participation longer than six months, or if earlier, the first day of the next Plan Year, following completion of the Code §410(a) maximum eligibility requirements.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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