Participant Voluntary Clause Samples

The 'Participant Voluntary' clause allows a participant to withdraw from an agreement or activity by their own choice, without needing to provide a specific reason. In practice, this means that any participant can opt out at any time, often by giving written notice to the other parties involved. This clause ensures that participation remains consensual and flexible, addressing concerns about being bound to an arrangement against one's will.
Participant Voluntary. Nondeductible Contributions shall be made in accordance with rules and procedures adopted by the Administrator.
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Participant Voluntary. Contributions Account shall mean the account maintained by the Plan Administration Committee in the name of a Participant to record such Participant’s interest in the Trust represented by such Participant’s Voluntary Contributions and the increase or decrease in the net worth of the Trust allocable thereto.
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Related to Participant Voluntary

  • Participant See Section 7(a) hereof.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.