(a) In General. Each employee who was a participant in the Plan on the day prior to the restatement date shall continue to be a participant on and after the restatement date, subject to the terms and conditions of the Plan as set forth herein. All other persons shall become participants on the first day of employment, provided that the participant completes all necessary forms authorizing payroll deduction of employee contributions.
(b) Participation Requirements. Each participant hereunder shall be required to make contributions to the Plan, as provided in Section 292.03(a), and shall execute and complete any enrollment or application forms as required by the Plan Administrator authorizing payroll deduction of such contributions. No employee shall be eligible to participate hereunder until any and all such forms are completed and delivered to the Plan Administrator.
(c) Re-Entry. Each person who had previously been an active participant in the Plan and who had ceased being an active participant, for any reason, shall be eligible to participate pursuant to subsection (a) hereof as of the date such eligibility requirements are met.
(d) Change in Status. If a participant who remains in the service of the employer ceases to be an employee eligible for participation hereunder, or ceases or fails to make any contributions which are required as a condition of participation hereunder, no further benefit accruals shall occur until the participant again qualifies under such participation requirements.
(e) Leave of Absence. During any leave of absence that is not an authorized leave of absence, a participant shall be deemed an inactive participant and shall not be given credit for years of service for vesting, nor shall any benefits accrue hereunder. If the employee is not re-employed by the expiration of the leave of absence, participation in the Plan shall cease on the date on which the leave of absence commenced.
(f) Furnishing of Information. The employer shall furnish the Plan Administrator with such information as will aid the Administrator in the administration of the Plan. Such information shall include all pertinent data on employees for purposes of determining their eligibility to participate in this Plan initially and subsequently.
(Ord. 2138. Passed 3-15-93.)