Participation Condition. No Eligible Employee will become a Participant in the Plan unless the Employee makes such an irrevocable election. This condition will not apply to Elective Deferrals to the extent it would violate the universal availability rule of Treas. Reg. §1.403(b)-5.
Appears in 11 contracts
Samples: Adoption Agreement, Adoption Agreement, 403(b) Volume Submitter Plan Adoption Agreement