Common use of Suspension of Contributions Clause in Contracts

Suspension of Contributions. A participant may suspend his compensation reduction agreement as of the last day of any month by giving such notice as shall be prescribed by the Com-mittee, and no contribution shall be made during such suspension period. Such suspension may last indefinitely. The participant may resume his compensation reduction agreement on the first (1st) day of any month following the expiration of six (6) months from the date his agreement was suspended, providing he shall then be eligible to participate, by giving such notice as shall be prescribed by the Committee.

Appears in 2 contracts

Samples: Savings and Profit Sharing Plan (Kansas City Life Insurance Co), Savings and Profit Sharing Plan (Kansas City Life Insurance Co)

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Suspension of Contributions. A participant may suspend his compensation reduction agreement as of the last day of any month by giving such notice as shall be prescribed by the Com-Com- mittee, and no contribution shall be made during such suspension period. Such suspension may last indefinitely. The participant may resume his compensation reduction agreement on the first (1st) day of any month following the expiration of six (6) months from the date his agreement was suspended, providing he shall then be eligible to participate, by giving such notice as shall be prescribed by the Committee.

Appears in 1 contract

Samples: Savings and Profit Sharing Plan (Kansas City Life Insurance Co)

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Suspension of Contributions. A participant may suspend his or her compensation reduction agreement as of the last on any day of any month by giving such notice as shall be prescribed by the Com-mittee, Committee and no contribution shall be made during such suspension period. Such suspension may last indefinitely. The participant may resume his or her compensation reduction agreement on the first (1st) any day of any month following providing the expiration of six (6) months from the date his agreement was suspended, providing he participant shall then be eligible to participate, by giving such notice as shall be prescribed by the Committeeprescribed.

Appears in 1 contract

Samples: Savings and Profit Sharing Plan Amendment (Kansas City Life Insurance Co)

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