Common use of CHANGE IN EMPLOYEE STATUS Clause in Contracts

CHANGE IN EMPLOYEE STATUS. If a Participant does not separate from Service, but is not an Employee or ceases to be an Employee by reason of employment within an ineligible employment classification, then during the period such Participant is not an Employee, the Committee shall not allocate any Employer Contributions or forfeitures to the Participant's Account except to the extent the Participant rendered services for the Employer as an Employee. A Participant who is no longer an Employee will participate immediately upon again becoming an Employee. An Employee who satisfied the eligibility requirements of Section 2.1, but who ceased to be an Employee prior to becoming a Participant, shall become a Participant as of the Plan Entry Date on which the Employee would have entered the Plan had he or she not ceased to be an Employee.

CHANGE IN EMPLOYEE STATUS. If a Participant does not separate have a severance from Serviceemployment, but is not an Employee or ceases to be an Employee by reason of employment within an ineligible employment classification, then during the period such Participant is not an Employee, the Committee shall not allocate any Employer Contributions or forfeitures to the Participant's ’s Account except to the extent the Participant rendered services for the Employer as an Employee. A Participant who is no longer an Employee will shall participate immediately upon again becoming an Employee. An Employee who satisfied the eligibility requirements of Section 2.1, but who ceased to be an Employee prior to becoming a Participant, shall become a Participant as on the later of the Plan Entry Date on which the Employee would have entered the Plan had he or she not ceased to be an Employee or the Plan Entry Date following the date on which he or she again becomes an Employee.