Termination of Eligibility. A participant becomes ineligible to participate in the plan if the Participant transfers to an ineligible class of employees or terminates employment with the employer. Upon the termination of eligibility, the Participant's right to participate in the Plan terminates as of the date of such transfer or employment termination, except as specifically stated in the Plan or pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), as amended.
Appears in 10 contracts
Samples: Procedural Agreement and Negotiations Agreement, Negotiation Agreement, Procedural Agreement and Negotiations Agreement
