Examples of Participation Period in a sentence
Failure to terminate employment at the expiration of the DROP Participation Period shall result in forfeiture of the employee’s monthly pension benefit otherwise payable to the DROP account until termination of employment.
The Committee, in its sole discretion, may adjust the Participation Period Factor.
If any Participation Rights Holder fails to so agree in writing within the First Participation Period to purchase such Participation Rights Holder’s full Pro Rata Share of an offering of such New Securities, then such Participation Rights Holder shall forfeit the right hereunder to purchase that part of its Pro Rata Share of such New Securities that it did not agree to purchase.
A Participant may withdraw payroll deductions credited to his or her account for a Participation Period under the Plan at any time prior to the last business day of such Participation Period by giving written notice to the Committee.
In addition, such individual shall begin a new Participation Period beginning with the date he once again becomes an active Participant pursuant to Section 3.02.