Common use of CASH-OUT DISTRIBUTIONS TO PARTIALLY Clause in Contracts

CASH-OUT DISTRIBUTIONS TO PARTIALLY. VESTED PARTICIPANTS/RESTORATION ------------------------------------------------------------------- OF FORFEITED ACCRUED BENEFIT. If, pursuant to Article VI, a partially- vested ---------------------------- Participant receives a cash-out distribution before he incurs a Forfeiture Break in Service (as defined in Section 5.08), the cash-out distribution will result in an immediate forfeiture of the nonvested portion of the Participant's Accrued Benefit derived from Employer contributions. See Section 5.09. A partially- vested Participant is a Participant whose Nonforfeitable Percentage determined under Section 5.03 is less than 100%. A cash-out distribution is a distribution of the entire present value of the Participant's Nonforfeitable Accrued Benefit.

Appears in 1 contract

Samples: Trust Agreement (High Country Bancorp Inc)

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CASH-OUT DISTRIBUTIONS TO PARTIALLY. VESTED PARTICIPANTS/PARTICIPANTS/ RESTORATION ------------------------------------------------------------------- -------------------------------------------------------------------- OF FORFEITED ACCRUED BENEFIT. If, pursuant to Article VI, a partially- partially-vested ---------------------------- ----------------------------- Participant receives a cash-out distribution before he incurs a Forfeiture Break in Service (as defined in Section 5.08), the cash-out distribution will result in an immediate forfeiture of the nonvested portion of the Participant's Accrued Benefit derived from Employer contributions. See Section 5.09. A partially- vested Participant is a Participant whose Nonforfeitable Percentage determined under Section 5.03 is less than 100%. A cash-out distribution is a distribution of the entire present value of the Participant's Nonforfeitable Accrued Benefit.

Appears in 1 contract

Samples: Adoption Agreement (Hollis Eden Pharmaceuticals Inc /De/)

CASH-OUT DISTRIBUTIONS TO PARTIALLY. VESTED PARTICIPANTS/RESTORATION ------------------------------------------------------------------- -------------------------------------------------------------------- OF FORFEITED ACCRUED BENEFIT. If, pursuant to Article VI, a partially- partially-vested ---------------------------- Participant receives a cash-out distribution before he incurs a Forfeiture Break in Service (as defined in Section 5.08), the cash-out distribution will result in an immediate forfeiture of the nonvested portion of the Participant's Accrued Benefit derived from Employer contributions. See Section 5.09. A partially- vested Participant is a Participant whose Nonforfeitable Percentage determined under Section 5.03 is less than 100%. A cash-out distribution is a distribution of the entire present value of the Participant's Nonforfeitable Accrued Benefit.

Appears in 1 contract

Samples: Adoption Agreement (Channell Commercial Corp)

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CASH-OUT DISTRIBUTIONS TO PARTIALLY. VESTED PARTICIPANTS/RESTORATION ------------------------------------------------------------------- OF ---------------------------------------------------------------------- FORFEITED ACCRUED BENEFIT. If, pursuant to Article VI, a partially- partially-vested ---------------------------- ------------------------- Participant receives a cash-out distribution before he incurs a Forfeiture Break in Service (as defined in Section 5.08), the cash-out distribution will result in an immediate forfeiture of the nonvested portion of the Participant's Accrued Benefit derived from Employer contributionscontribution. See Section 5.09. A partially- partially-vested Participant is a Participant whose Nonforfeitable Percentage determined under Section 5.03 is less than 100%. A cash-out distribution is a distribution of the entire present value of the Participant's Nonforfeitable Accrued Benefit.

Appears in 1 contract

Samples: Timberland Bancorp Inc

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