Common use of Breaks in Vesting Service Clause in Contracts

Breaks in Vesting Service. If a Participant neither receives nor is deemed to receive a distribution pursuant to Section 6.01(D)(3) or (4) and the Participant returns to the service of the Employer before incurring 5 consecutive Breaks in Vesting Service, there shall be no Forfeiture and the amount in such suspense account shall be recredited to such Participant's Individual Account.

Appears in 14 contracts

Samples: Qualified Retirement Plan And (Meritage Hospitality Group Inc /Mi/), Qualified Retirement Plan and Trust (Camco Financial Corp), Qualified Retirement Plan (Teardrop Golf Co)

AutoNDA by SimpleDocs

Breaks in Vesting Service. If a Participant neither receives nor is deemed to receive a distribution pursuant to Section 6.01(D)(3) or (4) and the Participant returns to the service of the Employer before incurring 5 consecutive Breaks in Vesting Service, there them shall be no Forfeiture and the amount in such suspense account shall be recredited to such Participant's Individual Account.

Appears in 2 contracts

Samples: Nabi /De/, Nabi /De/

AutoNDA by SimpleDocs

Breaks in Vesting Service. If a Participant neither receives nor is deemed to receive a distribution pursuant to Section 6.01(D)(3) or (4) and the Participant returns to the service of the Employer before incurring 5 consecutive Breaks in Vesting Service, there shall be no Forfeiture and the amount in such suspense account account, shall be recredited re-credited to such Participant's Individual Account.

Appears in 1 contract

Samples: Qualified Retirement Plan and Trust (Connecticut Water Service Inc / Ct)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!