Diversification Election Period definition

Diversification Election Period means the six Plan Year period ------------------------------- beginning with the later of:
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Diversification Election Period means the 6-Plan-Year period beginning with the Plan Year in which a Participant first becomes a Qualified Participant.
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Diversification Election Period means the ninety day period following the close of each Plan Year in the Diversification Period.
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Examples of Diversification Election Period in a sentence

  • During the Additional Diversification Election Period, the amount eligible for diversification is fifty percent (50%) of the value of the Participant's Stock Account.

  • In the last Plan Year of the Diversification Election Period, the Participant may elect to diversify the difference between 50% of the balance of his Employer Securities Accounts, determined as of the last day of such Plan Year, and the amount with respect to which diversification was previously elected.

  • 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.

  • Within 90 days after the close of the second, third, fourth and fifth Plan Years in the Diversification Election Period, such a Participant may elect to diversify the difference between 25% of the balance of his Employer Securities Accounts, determined as of the last day of such Plan Year, and the amount with respect to which diversification was previously elected.

  • Such a Participant may elect, within 90 days after the close of the first Plan Year in the Diversification Election Period, to diversify an amount not exceeding 25% of the balance of his Employer Securities Accounts, determined as of the last day of such Plan Year.

  • The Participant must elect to receive such a distribution within 90 days after the end of each of the six Plan Years during the Qualified Election Period (the “Diversification Election Period”), and the distribution will be made within 90 days after each election made by Participant during the Diversification Election Period.

  • For the final year of the Diversification Election Period, each Qualified Participant may direct the Trustee as to the investment of up to 50% of the Participant's investment in the Kentucky Investors Equity Fund attributable to contributions made on or after January 1, 1987.

  • 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.

  • Such a Participant may elect, within ninety (90) days after the close of the first Plan Year in the Diversification Election Period, to receive a distribution of cash in an amount not exceeding 25% of the portion of the balance of his Employer Securities Accounts attributable to Employer Securities acquired by, or contributed to, the Plan after December 31, 1986, determined as of the last day of such Plan Year.

  • A Diversification Election pursuant to this Section 3.6(c) shall be effective no later than ninety (90) days after the end of the Diversification Election Period.


More Definitions of Diversification Election Period

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.
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Diversification Election Period means the ninety day period beginning after the close of the Plan Year in which the Participant becomes a Qualified Participant.
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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.
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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.
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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(i) hereof.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • 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 3.12(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 the period agreed upon by the Policyholder and Us when an Eligible Person may enroll for coverage or an Insured may change benefit elections under the Policy.

  • 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.

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