1/23/2024 0 Comments Quest diagnostic telephone number(1) An Eligible Employee who will have attained age 50 by the end of the Plan Year may enter into a salary reduction agreement with his Employer in which it is agreed that the Employer will reduce his Deferral Compensation during each pay period by a designated percentage (beyond the designated percentage by which his Deferral Compensation is reduced with respect to Regular Pre-Tax Contributions) and contribute the amount so determined to the Plan on behalf of the Eligible Employee. ![]() Any such general consent shall satisfy Regulation §1.401(a)-20, Q&A-31(c). As an alternative to clause (iii) above, the spouse may execute an irrevocable general consent that does not identify the designated Beneficiary and that allows the Participant to make future changes in his Beneficiary designation without further spousal consent. Spousal consent shall: (i) be made on a form approved by the Department, (ii) be irrevocable by the spouse, (iii) acknowledge the designation and the effect of such designation and (iv) be witnessed by a representative of the Department or a notary public. (b) The Beneficiary of a married Participant shall be his spouse unless: (1) he obtains spousal consent (as described below) to his designation of another person as his primary Beneficiary or (2) he establishes to the satisfaction of the Department that spousal consent cannot be obtained because there is no spouse, the spouse cannot be located or such other circumstances exist as prescribed in applicable Regulations. Notwithstanding the preceding paragraphs, (1) Deferral Compensation shall include amounts (e.g., bonuses, commissions or unused vacation) paid by the Employer following the Employee’s severance from employment with the Employer, but only if such amounts are paid no later than 30 days after the Employee’s severance from employment (2) except as specifically provided in (1) above, Deferral Compensation shall not include severance pay or other form of post-termination compensation and (3) Deferral Compensation shall not include compensation generated from any of the following: the disqualifying disposition of a statutory stock option the disposition of shares of stock under an employee stock purchase plan if the option price was below the fair market value of the stock at the time the option was granted the value of a nonstatutory stock option at the time of grant or exercise the vesting of restricted stock the payment of dividends or dividend equivalents on restricted stock or similar elements of equity-based compensation. The above Plan restatements, except as otherwise specified or as required by law, also included certain technical or clarifying amendments deemed necessary or appropriate to facilitate and be consistent with the administration, management or interpretation of the Plan. becoming the sponsor of the Plan (ii) Quest Diagnostics Profit Sharing Plan becoming the name of the Plan and (iii) the allocation of governance related responsibilities and authority pursuant to the Plan. ![]() Effective as of August 15, 2021, this amended and restated Plan document incorporates changes as to: (i) Quest Diagnostics Clinical Laboratories, Inc. Effective as of Januthe Plan was amended and restated to incorporate amendments 1 - 8 to the prior restatement. ![]() Effective as of January 1, 2016, the Plan was amended and restated to incorporate: (i) Plan amendments through the close of business on Decemand (ii) mergers with different plans through that date including, but not limited to, the merger of The 401(k) Savings Plan of Quest Diagnostics Incorporated into the Plan effective as of the close of business on December 31, 2015.
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