Reemployment of Former Participant Sample Clauses

Reemployment of Former Participant. If a former Participant is reemployed as an Employee, then, provided that he meets the requirements of Section 3.1, he shall become a Participant again as of the date of such reemployment.
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Reemployment of Former Participant. If a former Participant is reemployed by an Employer, he shall be treated as a new Employee for all purposes of this Agreement, subject to the provisions hereof relating to crediting of Service and years of vested service; provided, however, that in no event shall any years of vested service attributable to such Participant’s Service with an Employer after his reemployment affect the balance of his sub-accounts reflecting his nonforfeitable share of Employer Matching Contributions and forfeitures or the nonforfeitable portion of his Separate ESOP Accounts described in Section 9.3 as of his prior Settlement Date. All or part of any distributions from his Separate Accounts which otherwise are payable hereunder by reason of his former participation in the Plan shall be suspended during the period of such reemployment or until the Plan is terminated, whichever first occurs, at which time payment may be resumed in accordance with any of the methods provided in Section 9.6. Furthermore, if such former Participant again becomes a Participant in accordance with the provisions of Article II, the Committee, upon his subsequent termination of participation, may consolidate his new accounts with the accounts which previously had been established for him.
Sample 1
Reemployment of Former Participant. 63 11.9 Restrictions on Alienation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 11.10
Sample 1
Reemployment of Former Participant. If a former Participant is reemployed by an Employer or by any Related Corporation, he shall be treated as a new employee for all purposes 69 - 64 - of this Agreement, subject to the provisions hereof relating to crediting years of service and years of vested service; provided, however, that in no event shall any years of vested service attributable to the former Participant's service with an Employer or a Related Corporation after his reemployment affect the portion of the balance of any Separate Account as of his prior date of termination. All or part of any distributions which are otherwise payable hereunder by reason of his former participation in the Plan shall be suspended during the period of such reemployment, or until the Plan is terminated, whichever first occurs, at which time payment shall be resumed in accordance with any of the methods provided in Section 11.5. Furthermore, if such former Participant again becomes a Participant in accordance with Article 3, the Committee, upon his subsequent termination of participation, may consolidate his new Separate Accounts with his prior Separate Accounts.
Sample 1

Related to Reemployment of Former Participant

  • Grantee Employment Nothing contained in this Agreement, and no action of the Company or the Committee with respect hereto, shall confer or be construed to confer on the Grantee any right to continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any employing Subsidiary to terminate the Grantee's employment at any time, with or without cause; subject, however, to the provisions of any employment agreement between the Grantee and the Company or any Subsidiary.

  • Re-Employment If a Participant who incurs a Separation from Service is subsequently re-employed, he or she may, at the sole and absolute discretion of the Plan Administrator, become a Participant in accordance with the provisions of the Plan.

  • Former Employment You represent and warrant that your employment by the Company will not conflict with and will not be constrained by any prior employment or consulting agreement or relationship. You represent and warrant that you do not possess confidential information arising out of prior employment which, in your best judgment, would be utilized in connection with your employment by the Company, except in accordance with agreements between your former employer and the Company.

  • Eligible Employee For purposes of the SIMPLE 401(k) Plan provisions, any Employee who is entitled to make Elective Deferrals under the terms of the SIMPLE 401(k) Plan.

  • Compensation and Benefits During Employment During the Employment, the Company shall provide compensation and benefits to the Executive as follows.

  • Disability of Participant If a Participant ceases to be a Service Provider as a result of the Participant’s Disability, the Participant may exercise his or her Option within 6 months of cessation, or such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement or Section 6(d), as applicable) to the extent the Option is vested on the date of cessation. Unless otherwise provided by the Administrator or set forth in the Award Agreement or other written agreement authorized by the Administrator between the Participant and the Company or any of its Subsidiaries or Parents, as applicable, if on the date of cessation the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan immediately. If after such cessation the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan.

  • OUTSIDE EMPLOYMENT Employee shall devote his full time and attention to the performance of the duties incident to his position with the Company, and shall not have any other employment with any other enterprise or substantial responsibility for any enterprise which would be inconsistent with Employee’s duty to devote his full time and attention to Company matters without the prior consent of the Board of Directors.

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits:

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

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