Common use of Consent to cash-out/forfeiture Clause in Contracts

Consent to cash-out/forfeiture. If a Participant is partially-Vested in his/her Account Balance, a Participant's election under Section 6.01(A)(2) to receive distribution prior to the Participant's incurring a Forfeiture Break in Service, must be in the form of a cash-out distribution as defined in Section 5.04.

Appears in 2 contracts

Samples: Participation Agreement (Petco Animal Supplies Inc), Bank of Granite Corp

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Consent to cash-out/forfeiture. If a Participant is partially-partially - Vested in his/her Account Balance, a Participant's ’s election under Section 6.01(A)(2) to receive distribution prior to the Participant's ’s incurring a Forfeiture Break in Service, must be in the form of a cash-out distribution as defined in Section 5.04.

Appears in 1 contract

Samples: Trimeris Inc

Consent to cash-out/forfeiture. If a the Participant is partially-Vested in his/her Account Balance, a Participant's an election under Section 6.01(A)(2) to receive distribution distribute prior to the Participant's incurring a Forfeiture Break in Service, Service must be in the form of a cash-out distribution (as defined in Section 5.04Article V).

Appears in 1 contract

Samples: Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)

Consent to cash-out/forfeiture. If a Participant is partially-partially Vested in his/her Account Balance, a Participant's election under Section 6.01(A)(2) to receive distribution prior to the Participant's incurring a Forfeiture Break in Service, must be in the form of a cashCash-out distribution as defined in Section 5.04Out Distribution.

Appears in 1 contract

Samples: Participation Agreement (Nci Building Systems Inc)

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Consent to cash-out/forfeiture. If a Participant is partially-Vested in his/her Account Balance, a Participant's ’s election under Section 6.01(A)(2) to receive distribution prior to the Participant's ’s incurring a Forfeiture Break in Service, must be in the form of a cash-out distribution as defined in Section 5.04.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp)

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