Common use of Describe Eligibility Conditions Clause in Contracts

Describe Eligibility Conditions. An Employee shall be an Eligible Employee only if employed by Cornell University Endowed Colleges at Ithaca and only if described in either (a), (b), (c),or (d) as follows: (a) he or she (i) is classified by the Employer as a member of its exempt staff or as an academic employee, and (ii) is scheduled to complete at least 1,000 Hours of Service during the Plan Year; (b) he or she (i) is classified by the OR Employer as a member of its exempt staff or as an academic employee, and (ii) is scheduled to complete less than 1,000 Hours of Service during the Plan Year, but actually completes at least 1,000 Hours of Service during a Plan Year; (c) he or she is (i) classified by the Employer as a member of its non- exempt staff, and (ii) has completed two Years of Service; or (d) he or she is (i) classified by the Employer as a member of its non-exempt staff, and (ii) as a result of prior employment, has an existing contract with TIAA or an existing account with Fidelity Investments and such contract or account was funded with employer contributions made pursuant to a plan described in Code Section 401(a), 401(k), 403(b), or 457(b).

Appears in 2 contracts

Sources: Adoption Agreement, 403(b) Volume Submitter Plan Adoption Agreement