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.
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.