Common use of Describe Eligibility Conditions Clause in Contracts

Describe Eligibility Conditions. [Note: The Employer may use Election 14(h) or 14(i) to describe different eligibility conditions (e.g., for all contributions, no eligibility requirements for faculty Employees and One Year of Service as to administrative staff Employees). If the Plan is not an ERISA Plan, this option may be used to specify age or service conditions which would exceed those ERISA permits.] [Note: If the Plan is an ERISA Plan, the Employer must provide immediate 100% vesting if the Service condition under Election 14 exceeds one Year of Service or more than 12 months.] [Minimum Age Note: If the Plan is an ERISA Plan, the minimum age cannot exceed 21, except in a Plan which meets all of the following conditions: (1) The minimum age does not exceed 26; (2) the Employer is an Educational Organization which normally maintains a regular faculty and curriculum and has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on; (3) the Plan does not require more than one Year of Service as a condition for entry; and (4) the Plan provides full vesting after no more than one Year of Service.]