Diversification Election Period definition

Diversification Election Period means the six Plan Year period ------------------------------- beginning with the later of:
Diversification Election Period means the 6-Plan Year period beginning with the Plan Year in which a Participant first becomes a Qualified Participant.
Diversification Election Period means the six Plan Year period beginning with the later of (a) the first Plan Year in which the Employee or former Employee first became a Qualified Member or (b) the Effective Date.

Examples of Diversification Election Period in a sentence

  • The term "Additional ------------------------------------------ Diversification Election Period" shall mean the ninety (90) day period commencing on the first day of the Plan Year following the last Plan Year in the Participant's Qualified Election Period.

  • During the last Diversification Election Period, the preceding sentence shall be applied by substituting "50%" for "25%".

  • Within 90 days after the close of each Plan Year in the Diversification Election Period, a Qualified Member may elect to direct the Trustee to distribute to the Qualified Member a portion of his ESOP Account.

  • In the case of the Diversification Election Period following Option Year 6, "twenty-five percent (25%)" shall be changed to "fifty percent (50%)" in the previous sentence.

  • Notwithstanding any other provision in the Plan to the contrary, any Qualified Participant may elect to diversify up to 25% of the value of his ESOP Stock Account during the Diversification Election Period.

  • The Committee or its delegate shall, no later than the ninetieth (90th) day after the end of such Diversification Election Period, invest the amount so elected by the Qualified Participant in one or more of the funds in Fund A Group pursuant to Code Section 401(a)(28)(B) and any regulations thereunder.

  • Any Qualified Participant may elect to diversify the investment of a portion of his Account under this Section 4.3. During the Diversification Period such Qualified Participant shall be entitled to request, within the Diversification Election Period, the diversification of up to 25% of the balance of his Account, to the extent such amount exceeds the amount to which any prior election under this Section 4.3 applies.

  • For the last Plan Year of the Diversification Election Period, “50 percent” shall be substituted for “25 percent” in applying the preceding sentence.

  • A Qualified Participant shall effect his or ------------------------ her election to diversify his or her ESOP Contribution Account by timely filing his or her written Diversification Election with the Committee or its delegate no later than the last day of the Diversification Election Period for that Plan Year.

  • If any Participant elects to receive a diversification distribution in any year in the Diversification Election Period, the Trustee shall distribute Employer Securities that are allocated to the Company Stock Account of the Participant with a value equal to the amount to be distributed no later than ninety (90) days after the close of the diversification election period during which the Participant’s election is made.


More Definitions of Diversification Election Period

Diversification Election Period means the ninety day period beginning after the close of the Plan Year in which the Participant becomes a Qualified Participant.
Diversification Election Period means the Plan Year period beginning with the first Plan Year in which the Participant has both completed 10 years of participation in the Leveraged ESOP and attained the age of 55.
Diversification Election Period means the ninety day period following the close of each Plan Year in the Diversification Period.
Diversification Election Period means, for Plan Years beginning on or after October 1, 1987, the period of six (6) Plan Years beginning with the Plan Year after the first Plan Year during which the Participant has attained the age of fifty-five (55) years and has completed ten (10) years of participation in the Plan.

Related to Diversification Election Period

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • Primary election means any regular primary election held under the election

  • Election cycle means the period beginning on the first day persons are eligible to

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Election Date has the meaning specified in Section 312(h).

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Payment Election means an election pursuant to Section 5.1.

  • Enrollment Period means that period of time prescribed by the Administrator, which period shall conclude prior to the Offering Date, during which Eligible Employees may elect to participate in an Offering Period. The duration and timing of Enrollment Periods may be changed or modified by the Administrator from time to time.

  • Plan Year means the calendar year.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Enrollment Date means the first day of each Offering Period.

  • Class Year Study means a Class Year Interconnection Facilities Study as that term is defined in OATT Section 25 (OATT Attachment S).

  • Matching Period has the meaning specified in Section 5.4(1)(e).