Common use of Participation Requirement Clause in Contracts

Participation Requirement. In order to participate in this Plan, an Eligible Employee must [Check one. See Section 2.46, Section 4 and Part V.B.1. Enter "N/A" if there will be no minimum age or no waiting period, as applicable.] 1. [ x ] Standard: reach minimum age of 21 and complete waiting period of 1 Year of Service. 2. [ ] no minimum age or waiting period. 3. [ ] reach minimum age of [not to exceed 21] and complete waiting period of Year of Service [not to exceed 1]. 4. [ ] reach minimum age of [not to exceed 21] and complete waiting period of Year of Service [not to exceed 1]; however, each Employee who is an Eligible Employee on the Effective Date will be deemed to satisfy the Participation Requirement on the Effective Date regardless of such Employee's actual age or service.