Each employee shall be eligible to participate
in the plan as of the first day of employment, provided that all administrative
prerequisites such as authorizing the payment of employee contributions
via payroll deduction have been fulfilled. 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.
Each participant hereunder shall be required to make contributions to the plan, as provided in §
57-74 hereof, and shall execute and complete any enrollment or application forms as required by the plan administrator.
Each employee who had previously been employed by the employer and incurred a break in service shall, upon reemployment, have prior years of credited service recredited for all purposes under the plan upon repayment to the plan of any amount of accumulated contributions which had been distributed pursuant to §
57-105.
A participant who remains in the service of
the employer but 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, shall have no
further benefit accruals occur until the individual again qualifies
as a participant hereunder eligible to resume such accrual of benefits.
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 credited service nor continue
to accrue any benefits hereunder. If the employee is not reemployed
by the expiration of such leave of absence, participation in the plan
shall cease on the date on which such leave of absence commenced.
During any authorized leave of absence, a participant shall continue
to receive credit for years of credited service to the extent such
credit is specifically granted in writing by the employer and is permitted
pursuant to applicable law.
The employer shall furnish the 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.