Examples of Active Participants in a sentence
The Employer’s contributions and available forfeitures for a Plan Year shall be credited as of the last day of the year to the Accounts of the Active Participants in the manner set forth in Section 8.1-2.
The Stock released from the Unallocated Stock Fund in any Plan Year shall be credited as of the last day of the year to the Accounts of the Active Participants in proportion to their amounts of Cash Compensation.
Active Participants may elect to have their benefits paid in the form of a single lump sum under this Section.
The Employer's contributions and available forfeitures for a Plan Year shall be credited as of the last day of the year to the Accounts of the Active Participants in proportion to their amounts of Cash Compensation.
Contributions to be made by Active Participants electing to participate in the Plan shall be set annually by the SEVP-HR, determined in the SEVP-HR’s sole and absolute discretion.
Basic Deposits and Supplemental Deposits by or on behalf of Active Participants shall be made by means of payroll deduction.
In addition, if an Active Participant's Compensation is changed, the resulting change in deduction shall be made as soon as practicable after such change in Compensation.
For convenience of administration, if the percentage of Compensation elected to be contributed to the Plan by an Active Participant is not equal to a whole dollar amount, such amount will be increased to the next whole dollar amount in establishing the deduction to be made from such Active Participant's pay.
The term of the Agreement shall commence on the Effective Date and continue through Provider’s State determined term of agreement for participation, as well as the existence of assigned Active Participants.
If so authorized, the Committee may elect to provide all Active Participants with the option of having life insurance or annuity contracts (hereinafter referred to as "policy") purchased on their behalf from a legal reserve life insurance company.