Common use of Waiver of Eligibility Requirements Clause in Contracts

Waiver of Eligibility Requirements. The Employer, at its election, may waive the eligibility requirement(s) for participation specified above for (i) all Employees, or (ii) all those employed on or up to 12 months after its Commencement Date under the Plan. Subject to the requirements of the Code, the eligibility waiting period shall be deemed to have been satisfied for an Employee who was previously a Member of the Plan. All Employees whose Employment commences after the expiration date of the Employer's waiver of the eligibility requirement(s), if any, shall be enrolled in the Plan in accordance with the eligibility requirement(s) specified in the Adoption Agreement.

Appears in 14 contracts

Samples: Adoption Agreement (Central Federal Corp), Adoption Agreement (CCSB Financial Corp), Adoption Agreement (Suntrust Banks Inc)

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Waiver of Eligibility Requirements. The Employer, at its election, may waive the eligibility requirement(s) for participation specified above for (i) all Employees, or (ii) all those employed on or up to 12 months after its Commencement Date under the Plan. Subject to the requirements of the Code, the eligibility waiting period shall be deemed to have been satisfied for an Employee who was previously a Member of the Plan. All Employees whose Employment commences after the expiration date of the Employer's ’s waiver of the eligibility requirement(s), if any, shall be enrolled in the Plan in accordance with the eligibility requirement(s) specified in the Adoption Agreement.

Appears in 4 contracts

Samples: Adoption Agreement (Northeast Community Bancorp Inc), Adoption Agreement (Sugar Creek Financial Corp), Adoption Agreement (Newport Bancorp Inc)

Waiver of Eligibility Requirements. The Employer, at its election, may waive the eligibility requirement(s) for participation specified above for (i) all Employees, or (ii) all those employed on or up to 12 months after its Commencement Date under the Plan. Subject to the requirements of the Code, the eligibility waiting period shall be deemed to have been satisfied for an Employee who was previously a Member of the Plan. All Employees Any Employee whose Employment commences after the expiration date of the Employer's =s waiver of the eligibility requirement(s), if any, shall be enrolled in the Plan in accordance with the eligibility requirement(s) specified in the Adoption Agreement.

Appears in 2 contracts

Samples: Adoption Agreement (Sugar Creek Financial Corp./Md/), Adoption Agreement (Cape Bancorp, Inc.)

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Waiver of Eligibility Requirements. The Employer, at its election, may waive the eligibility requirement(s) for participation specified above for (i) all Employees, or (ii) all those employed on or up to 12 months after its Commencement Date under the Plan. Subject to the requirements of the Code, the eligibility waiting period shall be deemed to have been satisfied for an Employee who was previously a Member of the Plan. All Employees Any Employee whose Employment commences after the expiration date of the Employer's ’s waiver of the eligibility requirement(s), if any, shall be enrolled in the Plan in accordance with the eligibility requirement(s) specified in the Adoption Agreement.

Appears in 1 contract

Samples: Adoption Agreement (First Savings Financial Group Inc)

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