Qualified Election Period definition

Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

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Qualified Election Period means the six (6) Plan Year period beginning with the first Plan Year in which the Participant first became a "Qualified Participant."

Qualified Election Period means the six (6) Plan Year period beginning with the later of (i) the first Plan Year in which the Participant first became a "Qualified Participant," or (ii) the first Plan Year beginning after December 31, 1986.

Examples of Qualified Election Period in a sentence

For the last Plan Year in the Participant's Qualified Election Period, the Trustee will substitute "50%" for "25%" in the immediately preceding sentence.
In the last year of a Participant’s Qualified Election Period, such Participant may elect to diversify fifty percent (50%) of such account balances, less any amount to which a prior election applies.
Each Qualified Participant may direct the Trustee as to the distribution of 25% of the aggregate value of the Participant's Employer Securities Shares Account (the "Eligible Accrued Benefit"), within 90 days after the last Accounting Date of each Plan Year (to the extent a direction amount exceeds the amount to which a prior direction under this Section 8.10(A) or Section 8.10(B) applies) during the Participant's Qualified Election Period.
Each Qualified Participant may direct the Trustee as to the investment of 25% of the value of the Participant's Accrued Benefit attributable to Employer Securities (the "Eligible Accrued Benefit") within 90 days after the Accounting Date of each Plan Year (to the extent a direction amount exceeds the amount to which a prior direction under this Section 8.10 applies) during the Participant's Qualified Election Period.
Each "Qualified Participant" may make certain elections within ninety (90) days after the close of each Plan Year during the "Qualified Election Period" with regard to twenty-five (25%) percent of the total number of shares of Company Stock acquired by or contributed to the Plan that have ever been allocated to such "Qualified Participant's" Company Stock Account (reduced by the number of shares of Company Stock previously invested pursuant to a prior election).

More Definitions of Qualified Election Period

Qualified Election Period means the six (6) Plan Year period beginning with the first Plan Year in which the Participant first became a “Qualified Participant.”

Qualified Election Period means the 6-Plan-Year period beginning with the first Plan Year in which the individual becomes a Qualified Participant.

Qualified Election Period means the six Plan Year period beginning with the later of (i) the Plan Year in which the Participant attains age 55; or, (ii) the Plan Year in which the Participant first becomes a Qualified Participant.

Qualified Election Period means the six (6) Plan Year period beginning with the first Plan Year in which a Participant has both attained age 55 and completed 10 years of participation in the Plan. A Participant’s election to diversify his Account may be made within each year of the qualified election period and shall continue for the 90-day period immediately following the last day of each year in the qualified election period. Once a Participant makes such election, the Plan must complete diversification in accordance with such election within 90 days after the end of the period during which the election could be made for the Plan Year. In the discretion of the Committee, the Plan may satisfy the diversification requirement by any of the following methods:

Qualified Election Period means the Plan Year in which a Participant becomes a Qualified Participant and the five succeeding Plan Years thereafter.

Qualified Election Period means the period of six Plan Years beginning with the later of (i) the Plan Year in which the Participant first becomes a Qualified Participant, or (ii) the Plan Year which includes the tenth anniversary of the Distribution Date; provided that the Qualified Election Period shall not begin unless and until the fair market value of Employer Stock allocated to the Participant's ESOP Account is at least $500 as of any Valuation Date.

Qualified Election Period means the six (6) Plan Year period beginning with the later of: