Election Period definition

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.

Election Period shall have the meaning set forth in Section 14.3(a).

Election Period has the meaning set forth in Section 3.01(e).

Examples of Election Period in a sentence

• The Election Period is the time during which Participants in the Plan may select the types of benefits and the allocation of funds to each benefit for the next Period of Coverage, all in the manner that is permitted by this Plan.

• If an Employee does not file a Benefit election form at the time of the Employee’s initial eligibility, the Employee may begin participating as of the first day of any following Plan Year, provided the Employee is eligible to participate at that time and the Employee files a Benefit election form with the Administrator in accordance with this Plan during the relevant Election Period.

• Any Participant who subsequently unintentionally fails to timely return a new Benefit election form during the designated Election Period for a Plan Year shall be deemed to have elected to continue any Benefit coverage in effect for the preceding Plan Year and to pay the Premium associated with the Benefit coverage.

• Notwithstanding the foregoing, any Employee who becomes eligible to participate in the Plan on a date that is not within the Election Period will be permitted to make the selections and allocations during the thirty (30) calendar day period immediately preceding the date the Employee’s participation under the Plan is to begin.

• The amount of the Employer’s contributions under this Plan for a Plan Year will be determined during the Election Period, based on the annual Benefit election forms completed by Participants under this Plan.

More Definitions of Election Period

Election Period has the meaning specified in Section 2.6(b).

Election Period shall have the meaning set forth in Section 2.16.1.

Election Period has the meaning specified in Section 9.05.

Election Period means the period beginning on the first day of the Plan Year in which a Participant attains age 35 and ending on the date of the Participant's death. If a Participant separates from service before the first day of the Plan Year in which he reaches age 35, the Election Period with respect to his account balance as of the date of separation shall begin on the date of separation. A Participant who will not attain age 35 as of the end of a Plan Year may make a special Qualified Election to waive the Qualified Preretirement Survivor Annuity for the period beginning on the date of such election and ending on the first day of the Plan Year in which the Participant will attain age 35. Such an election shall not be valid unless the Participant receives a written explanation of the Qualified Preretirement Survivor Annuity in such terms as are comparable to the explanation required under Section 10.5. Qualified Preretirement Survivor Annuity coverage will be automatically reinstated as of the first day of the Plan Year in which the Participant attains age 35. Any new waiver on or after that date shall be subject to the full requirements of this article.

Election Period has the meaning specified in subsection 2.2(c) of this Agreement.

Election Period means the period established by the Committee with respect to each Plan Year during which Deferral Elections for such Plan Year must be made in accordance with the requirements of Section 409A of the Code, as follows:

Election Period means the period which begins on the first day of the Plan Year in which the Participant attains age thirty-five (35) and ends on the date of the Participant's death. If a Participant separates from service prior to the first day of the Plan Year in which age thirty-five (35) is attained, with respect to benefits accrued prior to separation, the Election Period shall begin on the date of separation. A Participant who will not yet attain age thirty-five (35) as of the end of any current Plan Year may make a special Qualified Election to waive the Qualified Pre-Retirement Survivor Annuity for the period beginning on the date of such election and ending on the first day of the plan year in which the Participant will attain age thirty-five (35). Such election shall not be valid unless the Participant receives a written explanation of the Qualified Pre-Retirement Survivor Annuity in such terms as are comparable to the explanation required under Section 8.2(b). Qualified Pre-Retirement Survivor Annuity coverage will be automatically reinstated as of the first day of the Plan Year in which the Participant attains age thirty-five (35). Any new waiver on or after such date shall be subject to the full requirements of this Section 8.2.