Participant Effective Date definition

Participant Effective Date for any Participant means, as applicable, either (i) the date specified by the Employer on a completed and signed Participant Enrollment Form for such Participant or (ii) if no date is specified for a Participant on the completed and signed Participant Enrollment Form, the date on which both a contribution and the Participant Enrollment Form for such Participant have been received by the Third-party Administrator or (iii) if an Employer contribution has been received in the form of transferred assets from a former plan, the date specified by the Employer in the applicable transfer agreement on which the employee shall become a Participant; provided that, the Participant Effective Date cannot be a date prior to the Employee’s original hire date with the Employer or the Effective Date of this Plan (or in the case of a transfer under (iii) the effective date of the former plan).

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Participant Effective Date for any Participant means, as applicable, any of the following:

Participant Effective Date means, in respect of a Participant, the date of execution by it

Examples of Participant Effective Date in a sentence

• Participant Effective Date - the date on which the first Deposit is credited to a Participant Annuity Account.

• An employee for whom an adequate Application has been made becomes Covered as a Participant as of the Participant Effective Date.

• Your role with the Company, determined as of the Participant Effective Date, requires you to provide legal services to the Company and/or other members of the WCI Group and, as a result, you have executed a separate Confidentiality and Protective Covenant Agreement (“Protective Covenant Agreement”) with the Company, of even date herewith, to protect the WCI Group’s legitimate business interests while preserving your ability to practice law after separating from the Company.

• The Group Contractholder may make application for coverage of any employee, provided: (a) the Company is then accepting applications for coverage under this Group Annuity Contract; and (b) a Contribution Cessation Date has not been declared under Section 6.5. An employee for whom an adequate application has been made becomes covered as a Participant as of the Participant Effective Date.

• A contingent deferred sales charge will not be charged to any Participant who has completed 15 or more years in this Group Annuity Contract, as measured from the Participant Effective Date.

• Contingent Deferred Sales Charge Table Completed Years From Participant Effective Date % of Amount Transferred Under this Contract Distributed, or Paid Notwithstanding anything in this Group Annuity Contract to the contrary, in no event shall the contingent deferred sales charge at any point in time exceed 8.5% of Deposits contributed by the Participant into this Group Annuity Contract.

• Coverage of a Participant will commence as of the Participant Effective Date and terminate upon a Surrender.

• In such case, the amount of the Contract Maintenance Charge will be one-twelfth of the applicable Contract Maintenance Charge, multiplied by the number of whole or partial calendar months which have elapsed between the Participant Anniversary (or the Participant Effective Date during the first Participant Account Year) and the date of full withdrawal.

• An Eligible Person for whom an adequate Application has been made becomes Covered as a Participant as of the Participant Effective Date.

• An Eligible Employee who submits an adequate application becomes a Participant as of the Participant Effective Date.

More Definitions of Participant Effective Date

Participant Effective Date means, in respect of a Participant, the date of execution by it of a Participant Agreement or as otherwise agreed in writing between the Participant and LME;

Participant Effective Date for any Participant means, as applicable, either (i) the date specified by the Employer on a completed and signed Participant Enrollment Form for such Participant or (ii) if no date is specified for a Participant on the completed and signed Participant Enrollment Form, the date on which both a contribution and the Participant Enrollment Form for such Participant have been received by the Third-party Administrator or (iii) if an Employer contribution has been received in the form of

Participant Effective Date. For each Participant, the Participant Effective Date is the first date Accumulation Units are credited to the Participant Account on behalf of such Participant under the Contract.