Current Plan definition
Examples of Current Plan in a sentence
Current Plan 4: 2% @ 55.5 (as described in 25.3 above) is closed to new employees hired on or after the effective date of the commencement of Plan 5.
Plan 5: 1.725% @ 58 (pre-enhancement tier) with no 3% cost share Current Plan 4: 2% @ 55.5 (as described in 25.3 above) is closed to new employees hired on or after the effective date of the commencement of Plan 5.
As of the date hereof, such terms would permit the immediate lapse of forfeiture restrictions only on the earlier of (i) subject to the discretion of the Committee, the occurrence of a Change of Control Event (as such term is defined in the Current Plan), or (ii) the date ▇▇▇▇▇▇▇▇▇’▇ employment is terminated by reason of subparagraphs 10(c) (disability) or 10(d) (death).
This benefits is payable as secondary coverage to those employees having any other vision benefit (Current Plan).
For purposes of this test an eligible Employee is an Employee who is directly or indirectly eligible to make Salary Deferral Contributions for all or part of the Current Plan Year.