Examples of Plan Month in a sentence
A monthly fee shall be paid in advance each Plan Month during the Contribution Payment Term.
For Participants hired on or before March 31, 1986, the Participating Employer will contribute the percentage of Compensation of the Participant for the Plan Month corresponding to the rate required for the employer share of both the Social Security and Medicare components of the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month.
The fee will be deducted on monthly basis from Accumulation Account (for Intelligence or Smart only) or Plan account (for Bright or Sparkle only) by canceling the appropriate number of units at the available Bid Price on next Valuation Day of Plan Month in proportion to the value of the assets.
The Plan shall remain in effect indefinitely, subject to termination by the Board of Directors of the Company as of the end of any Plan Month and subject to the provisions of Section 1.5.
Payroll deductions with respect to an Eligible Employee shall commence as soon as administratively practicable but not later than the first payroll date in the Plan Month next following the Plan Month in which the enrollment and payroll deduction authorization forms of such Eligible Employee are received and accepted by the Company.