Parties Eligible to Elect Sample Clauses

Parties Eligible to Elect. The Employer in Appendix B to its Adoption Agreement may limit to Employees the right to elect to make In-Plan Xxxx rollovers. If the Employer does not make this election, for purposes of eligibility for an In-Plan Xxxx Rollover, the Plan Administrator will treat a Participant’s surviving spouse Beneficiary or alternate payee spouse or alternate payee former spouse as a Participant. A non-spouse Beneficiary may not make an In-Plan Xxxx Rollover. Distribution from Fully or Partially Vested Account. In-Plan Xxxx Rollovers are permitted only from fully Vested Accounts but may be made from partially Vested Accounts only if the Employer elects to permit In- Plan Xxxx Rollovers from partially or fully Vested Accounts in Appendix B to its Adoption Agreement. If a distribution is made to a Participant who has not incurred a Severance from Employment and who is not fully Vested in the Participant’s Account from which the In-Plan Xxxx Rollover Contribution is to be made, and the Participant may increase the Vested percentage in such Account, then at any relevant time Section 5.03(C) will apply to determine the Participant’s Vested portion of the Account.
Sample 1
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Parties Eligible to Elect. For purposes of eligibility for an In‑Plan Xxxx Rollover, the Plan will treat a Participant's surviving spouse Beneficiary or alternate payee spouse or alternate payee former spouse as a Participant, unless the Employer in Appendix B limits to Employees the right to elect an In‑Plan Xxxx Rollover. A non‑spouse Beneficiary may not make an In‑Plan Xxxx Rollover.
Sample 1

Related to Parties Eligible to Elect

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  • Limitations Applicable to Section 16 Persons Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject to Section 16 of the Exchange Act, the Plan, the Option and this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.

  • Other Provisions Applicable to Adjustments Under this Section 4. The following provisions shall be applicable to the making of adjustments in the Warrant Price hereinbefore provided in Section 4:

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  • STATEMENT OF AGREEMENT The parties hereby acknowledge the accuracy of the foregoing Background Information and hereby agree as follows:

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