Common use of Participant Election Clause in Contracts

Participant Election. Any Participant with at least three Years/Periods of Service may, by filing a written request with the Administrator, elect to have the Vested Interest in his or her Participant’s Account computed by the Vesting schedule in effect prior to the amendment. A Participant who fails to make an election will have the Vested Interest computed under the new schedule. The period in which the election may be made will begin on the date the amendment is adopted or is deemed to be made and will end on the latest of (A) 60 days after the amendment is adopted; (B) 60 days after the amendment becomes effective; or (C) 60 days after the Participant is issued written notice of the amendment by the Employer or Administrator.

Participant Election. Any Participant with at least three Years/Periods Years of Service may, by filing a written request with the Administrator, elect to have the Vested Interest in his or her Participant’s 's Account computed by the Vesting vesting schedule in effect prior to the amendment. A Participant who fails to make an election will have the his or her Vested Interest computed under the new schedule. The period during in which the election may be made will begin on the date the amendment is adopted or is deemed to be made and will end on the latest of (A1) 60 days after the amendment is adopted; (B2) 60 days after the amendment becomes effective; or (C3) 60 days after the Participant is issued written notice of the amendment by the Employer or Administrator.

Participant Election. Any Participant with at least three Years/Periods Years of Service may, by filing a written request with the Administrator, elect to have the Vested Interest in his or her Participant’s Account computed by the Vesting vesting schedule in effect prior to the amendment. A Participant who fails to make an election will have the his or her Vested Interest Merest computed under the new schedule. The period in which the election may be made will begin on the date the amendment is adopted or is deemed to be made and will end on the latest of (A1) 60 days after the date the amendment is adopted; (B2) 60 days after the date the amendment becomes effective; or (C3) 60 days after the date the Participant is issued written notice of the amendment by the Employer or Administrator.