Active Member. An Employee shall first become an Active Member (begin active participation in the Plan) on the earliest date specified in Item M on which he is an Eligible Employee and has met all of the entry requirements selected in Item L. This date is the Member's Entry Date. Each Employee who was an active member under the Prior Plan on the day before the Restatement Date shall continue to be an Active Member under this Plan on the Restatement Date if he is still an Eligible Employee and his Entry Date shall not change. If service with a Predecessor Employer or a Prior Employer is counted for purposes of Entry Service in Item I, an Employee shall be credited with such service on the date he becomes an Employee and shall become an Active Member on the earliest date specified in Item M on which he is an Eligible Employee and has met all of the entry requirements selected in Item L. This date is the Member's Entry Date. If a person has been an Eligible Employee who has met all of the entry requirements selected in Item L but is not an Eligible Employee on the date which would have been his Entry Date, he shall become an Active Member on the date he again becomes an Eligible Employee. This date is the Member's Entry Date. In the event an Employee who is not an Eligible Employee becomes an Eligible Employee, such Eligible Employee shall become an Active Member immediately if such Eligible Employee has satisfied the entry requirements in Item L and would have otherwise previously become an Active Member had he met the definition of Eligible Employee. This date is the Member's Entry Date.
Appears in 1 contract
Active Member. An Employee shall first become an Active Member (begin active participation in the Plan) on the earliest date specified in Item M on which he is an Eligible Employee and has met all of the entry requirements selected in Item L. This date is the Member's ’s Entry Date. Each Employee who was an active member under the Prior Plan on the day before the Restatement Date shall continue to be an Active Member under this Plan on the Restatement Date if he is still an Eligible Employee and his Entry Date shall not change. If service with a Predecessor Employer or a Prior Employer is counted for purposes of Entry Service in Item I, an Employee shall be credited with such service on the date he becomes an Employee and shall become an Active Member on the earliest date specified in Item M on which he is an Eligible Employee and has met all of the entry requirements selected in Item L. This date is the Member's ’s Entry Date. If a person has been an Eligible Employee who has met all of the entry requirements selected in Item L but is not an Eligible Employee on the date which would have been his Entry Date, he shall become an Active Member on the date he again becomes an Eligible Employee. This date is the Member's ’s Entry Date. In the event an Employee who is not an Eligible Employee becomes an Eligible Employee, such Eligible Employee shall become an Active Member immediately if such Eligible Employee has satisfied the entry requirements in Item L and would have otherwise previously become an Active Member had he met the definition of Eligible Employee. This date is the Member's ’s Entry Date. An Inactive Member shall again become an Active Member (resume active participation in the Plan) on the date he again performs an Hour of Service as an Eligible Employee. This date is his Reentry Date. Upon again becoming an Active Member, he shall cease to be an Inactive Member.
Appears in 1 contract
Sources: 401(k) Profit Sharing Plan Adoption Agreement (First Financial Northwest, Inc.)