Employees must be employed prior to July 1 to be eligible for the floating holiday. Benefits are not available for books and other school fees. Employees are immediately vested in matching contributions. The NASD accepts directed rollovers from other qualified plans. An employee becomes a participant in the Plan on January 1 or July 1, if 21 years of age and has completed one year of service.
Deductions are on an after-tax basis.
NASD pays the fees to purchase the shares. The fees for the sale of shares are the responsibility of the employee. Inc. All Rights Reserved.