Common use of Transfers Between Employers Clause in Contracts

Transfers Between Employers. If a Member transfers from employment as an Eligible Employee with one Employer to employment as an Eligible Employee with another Employer: (a) his participation in the Plan shall not be interrupted; and (b) his Contribution Agreement (if any) with his prior Employer shall be deemed to apply to his second Employer in the same manner as it applied to his prior Employer.

Appears in 3 contracts

Samples: Savings Plan (Arrow Electronics Inc), Arrow Electronics Inc, Arrow Electronics Inc

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Transfers Between Employers. If a Member Participant transfers from employment as an Eligible Employee with one Employer to employment as an Eligible Employee with another Employer: (a) , his participation in the Plan shall not be interrupted; and (b) his Contribution Participation Agreement (if any) with his prior Employer shall be deemed to apply to his second Employer in the same manner as it applied to his the prior Employer.

Appears in 2 contracts

Samples: Revlon Employees (Revlon Inc /De/), Cosmetic Center Inc

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