PPACA ELIGIBILITY PROVISIONS INTRODUCTION Sample Clauses

PPACA ELIGIBILITY PROVISIONS INTRODUCTION. The Adoption Agreement contains eligibility provisions governing who may participate in the Plan and when such participation commences. Unless elected otherwise in Section 6.03, this Addendum applies only during a Plan Year in which the Plan Sponsor is deemed to be an “applicable large employer” within the meaning of the federal Patient Protection and Affordable Care Act (“PPACA”). This Addendum supplements and supersedes the Adoption Agreement’s eligibility provisions with respect to Part-Time Employees, Variable Hour Employees, and Seasonal Employees, as those terms are defined in Part I of this Addendum. The rules in this Addendum shall be interpreted in a manner that is consistent with the rules set forth in the Final Regulations issued by the Department of Treasury involving the “shared responsibility” provisions of PPACA. If the Plan Sponsor (or a Participating Plan Sponsor) desires to use different eligibility elections for different groups of employees, as permitted in Section 2.01 of this Addendum, then a separate Addendum will be necessary for each discrete employee group. Unless otherwise indicated, all section references in this Addendum are references to sections within this Addendum. Any references to sections of the Core Document or Adoption Agreement will explicitly so indicate.
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Related to PPACA ELIGIBILITY PROVISIONS INTRODUCTION

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