Common use of KEY EMPLOYEE DETERMINATION DATES Clause in Contracts

KEY EMPLOYEE DETERMINATION DATES. The Plan Sponsor has designated December 31 as the Identification Date for purposes of determining Key Employees. In the absence of a designation, the Identification Date is December 31. The Plan Sponsor has designated April 1 as the effective date for purposes of applying the six month delay in distributions to Key Employees. In the absence of a designation, the effective date is the first day of the fourth month following the Identification Date.

KEY EMPLOYEE DETERMINATION DATES. The Plan Sponsor has designated December 31 as the Identification Date for purposes of determining Key EmployeesEmployees will be designated in accordance with the policy adopted by the Plan Sponsor for such purpose. In the absence of a designationdesignation as described in the preceding sentence, the Identification Date is December 31. The Plan Sponsor has designated April 1 as the effective date for purposes of applying the six month delay in distributions to Key EmployeesEmployees will be designated in accordance with the policy adopted by the Plan Sponsor for such purpose. In the absence of a designationdesignation described in the preceding sentence, the effective date is the first day of the fourth month following the Identification Date.