Common use of Revoking and Resuming a Contribution Election Clause in Contracts

Revoking and Resuming a Contribution Election. A Participant may revoke his or her Contribution election at any time in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date. A Participant may resume Contributions by making a new Contribution election at the same time in which a Participant may change his or her election in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date.

Appears in 1 contract

Samples: Retirement Savings Plan and Trust Agreement (Southdown Inc)

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Revoking and Resuming a Contribution Election. A Participant may revoke his or her Contribution election at any time in such manner and with such advance notice as prescribed by the Administrator, and such election revocation shall be effective with the first payroll paid after such date. A Participant who is an Eligible Employee may resume Contributions by making a new Contribution election at the same time in which a Participant may change his or her election in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date.

Appears in 1 contract

Samples: Employee Savings Plan Agreement (Nipsco Industries Inc)

Revoking and Resuming a Contribution Election. A Participant may revoke his or her Contribution election at any the same time in which a Participant may change his or her election in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date. A Participant may resume Contributions by making a new Contribution election at the same time in which a Participant may change his or her election in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll of the month paid after such date.

Appears in 1 contract

Samples: Employees' Savings Plan and Trust Agreement (Timken Co)

Revoking and Resuming a Contribution Election. A Participant may revoke his or her Contribution election at any time in such manner and with such advance notice as prescribed by the Administrator, and such revocation shall be effective with the first payroll paid after such date. A Participant who is an Eligible Employee may resume Contributions by making a new Contribution election at any time in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date. A Participant may resume Contributions by making a new Contribution election at the same time in which a Participant may change his or her election in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date.

Appears in 1 contract

Samples: Financial Security Plan and Trust Agreement (Caliber System Inc)

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Revoking and Resuming a Contribution Election. A Participant may revoke his or her Contribution election at any the same time in which a Participant may change his or her election in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date. A Participant may resume Contributions by making a new Contribution election at the same time in which a Participant may change his or her election in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date.

Appears in 1 contract

Samples: Plan and Trust Agreement (Roadway Services Inc)

Revoking and Resuming a Contribution Election. A Participant may revoke his or her Contribution election at any time in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date. A Participant may resume Contributions by making a new Contribution election at the same time in which a Participant may change his or her election election, but no earlier than six months after the date he or she revoked his or her Contribution election,in such manner and with such advance notice as prescribed by the Administrator, and such election shall be effective with the first payroll paid after such date.

Appears in 1 contract

Samples: Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/)

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