Examples of Initial Election in a sentence
You must agree to abide by the terms of the Program both during the Initial Election Period and during each Annual Election Period.
The following is a summary of the Initial Election Period and the Annual Election Period.
The Annual Election Period The Cafeteria Plan also has an "Annual Election Period" during which you may enroll if you did not enroll during the Initial Election Period or change your elections for the next Plan Year.
The election that you make during the Initial Election Period is effective for the remainder of the Plan Year and generally cannot be changed during the Plan Year unless you have a Qualifying Event.
Any such Initial Election shall only apply to compensation earned and payable for services rendered after the effective date of the Election.