Parties eligible to elect Sample Clauses
The "Parties eligible to elect" clause defines which parties to an agreement have the right to make certain choices or exercise specific options provided under the contract. In practice, this clause might specify that only one party, or both parties, can trigger a particular provision, such as extending a term, opting for early termination, or selecting a method of dispute resolution. By clearly identifying who holds these election rights, the clause ensures clarity and prevents disputes over who is authorized to make key decisions under the contract.
Parties eligible to elect. The Employer in its Adoption Agreement can limit to Employees the right to elect to make IRRs or IRTs. If the Employer does not make this election, for purposes of eligibility for an IRR, the Plan 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 R▇▇▇ Rollover.
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 ▇▇▇▇ rollovers. If the Employer does not make this election, for purposes of eligibility for an In-Plan ▇▇▇▇ 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 ▇▇▇▇ Rollover. Distribution from Fully or Partially Vested Account. In-Plan ▇▇▇▇ 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 ▇▇▇▇ 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 ▇▇▇▇ 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.
Parties eligible to elect. For purposes of eligibility for an In‑Plan ▇▇▇▇ 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 ▇▇▇▇ Rollover. A non‑spouse Beneficiary may not make an In‑Plan ▇▇▇▇ Rollover.