Common use of Distributable Benefit Clause in Contracts

Distributable Benefit. At such time that the employment of a Participant terminates for any reason, he or his Beneficiary shall be entitled to a benefit equal to the vested and nonforfeitable interest in his Accounts as of the Distribution Date. Such Accounts shall include the allocable share of contributions and forfeitures, if any, which may be allocated to said Accounts as of such Distribution Date and shall be determined after making the adjustments for which provision is made in the Plan.

Distributable Benefit. At such time that (a) When the employment of a Participant terminates for any reason, he or his Beneficiary shall be entitled to a benefit equal to the vested and nonforfeitable interest in his Accounts as of the Distribution Determination Date. Such Accounts shall include the allocable share of contributions and forfeituresForfeitures, if any, which that may be allocated to said Accounts as of such Distribution Determination Date and shall be determined after making the adjustments for which provision is made in the Plan.