Common use of Break in Vesting Service and Forfeitures Clause in Contracts

Break in Vesting Service and Forfeitures. If a Participant incurs a Termination of Employment, any portion of his or her Individual Account which is not Vested shall be held in a suspense account. Such suspense account shall share in any increase or decrease in the fair market value of the assets of the Fund in accordance with Section 4 of the Plan. The disposition of such suspense account shall be as follows:

Appears in 14 contracts

Samples: Qualified Retirement Plan (Teardrop Golf Co), Qualified Retirement Plan and Trust (Camco Financial Corp), Qualified Retirement Plan and Trust (Connecticut Water Service Inc / Ct)

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Break in Vesting Service and Forfeitures. If a Participant incurs a Termination of Employment, any portion of his or her Individual Account which is not Vested shall be held in a suspense account. Such suspense account shall share share-in any increase or decrease in the fair market value of the assets of the Fund in accordance with Section 4 of the Plan. The disposition of such suspense account shall be as follows:

Appears in 2 contracts

Samples: Nabi /De/, Nabi /De/

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