Common use of TRANSFER TO OR FROM INELIGIBLE CLASS Clause in Contracts

TRANSFER TO OR FROM INELIGIBLE CLASS. If an Employee who had been a Participant becomes ineligible to participate because he or she is no longer a member of an eligible class of Employees, but has not incurred a Break in Eligibility Service, such Employee shall participate immediately upon his or her return to an eligible class of Employees. If such Employee incurs a Break in Eligibility Service, his or her eligibility to participate shall be determined by Section

Appears in 13 contracts

Samples: Adoption Agreement (Bradford Funds Inc), Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Cornell Corrections Inc), Basic Plan Document (Edelbrock Corp)

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TRANSFER TO OR FROM INELIGIBLE CLASS. If an Employee who had been a Participant becomes ineligible to participate because he or she is no longer a member of an eligible class of Employees, but has not incurred a Break in Eligibility Service, such Employee shall participate immediately upon his or her return to an eligible class of Employees. If such Employee incurs a Break in Eligibility Service, his or her eligibility to participate shall be determined by Section

Appears in 2 contracts

Samples: Basic Plan Document (Nabi /De/), Basic Plan Document (Nabi /De/)

TRANSFER TO OR FROM INELIGIBLE CLASS. If an Employee who had been a Participant becomes ineligible to participate because he or she is no longer a member of an eligible class of Employees, but has not incurred a Break in Eligibility Service, such Employee shall participate immediately upon his or her return to an eligible class of Employees. If such Employee incurs a Break in Eligibility Service, his or her eligibility to participate shall be determined by SectionSection 2.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan Adoption Agreement (Miami Computer Supply Corp), Basic Plan Document (Tri Continental Corp)

TRANSFER TO OR FROM INELIGIBLE CLASS. If an Employee A Participant who had been a Participant becomes ineligible to participate partIcipate in this Plan because he or she is no longer a member of an eligible class of Employees, but has not incurred a Break in Eligibility Service, such Employee shall participate participates immediately upon his or her return to an eligible class of EmployeesEmployees if he or she has not had a Break in Eligibility Service. If such the Employee incurs had a Break in Eligibility Service, his or her eligibility to participate shall be is determined by Sectionunder Section 2.

Appears in 1 contract

Samples: 401(k) Profit Sharing Adoption Agreement (Kevco Inc)

TRANSFER TO OR FROM INELIGIBLE CLASS. If an Employee who had been a Participant becomes ineligible to participate because he or she is no longer a member of an eligible class of Employees, but has not incurred a Break in Eligibility Service, such Employee shall participate immediately upon his or her return to an eligible class of Employees. If such Employee incurs a Break in Eligibility Service, his or her eligibility to participate shall be determined by SectionSection 2.04

Appears in 1 contract

Samples: Retirement Plan Document (Merchants & Manufacturers Bancorporation Inc)

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TRANSFER TO OR FROM INELIGIBLE CLASS. If an Employee who had been a Participant becomes ineligible to participate because he or she is they are no longer a member of an eligible class of Employees, but has not incurred a Break in Eligibility Service, such Employee shall participate immediately following the date of reemployment upon his or her their return to an eligible class of Employees. If such Employee incurs a Break in Eligibility Service, his or her their eligibility to participate shall be determined by Plan Section

Appears in 1 contract

Samples: Comprehensive 401(k) Profit Sharing Plan Nonstandardized Adoption Agreement (Kimball Electronics, Inc.)

TRANSFER TO OR FROM INELIGIBLE CLASS. If an Employee who had been a Participant becomes ineligible to participate because he or she is no longer a member of an eligible class of Employees, but has not incurred a Break in Eligibility Service, such Employee shall participate immediately upon his or her return to an eligible class of Employees. If such Employee incurs a Break in Eligibility Service, his or her eligibility to participate shall be determined by Section

Appears in 1 contract

Samples: Tax Sheltered Custodial Account Agreement (New England Funds Trust I)

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