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EQR » Topics » 3.4 Suspension of Participation

This excerpt taken from the EQR 10-Q filed May 8, 2008.

3.4          Suspension of Participation

 

If, pursuant to Section 3.1, the Plan Administrator determines that an active Participant no longer satisfies the eligibility requirements of Section 2.9 or 2.10 (as applicable), the Plan Administrator shall notify the Participant, and the Participant’s Elective Deferrals, Share Deferrals and Matching Deferrals shall be suspended until the next following Entry Date as of which the Participant again satisfies Section 2.9 or 2.10 (as applicable).  If the Plan Administrator, pursuant to Section 3.1, determines that the Participant again satisfies the eligibility requirements of Section 2.9 or 2.10 (as applicable), the Plan Administrator shall notify the Participant, and the Participant shall be permitted to resume active participation in the Plan as of the next following Entry Date in accordance with Article 4.  Upon such resumption, EQR may

 

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make Matching Deferrals for such Participant to make up for any Matching Deferrals not made while his or her participation was suspended.

 

ARTICLE 4

ELECTIVE AND MATCHING DEFERRALS

 

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