DISTRIBUTION AND RESTORATION. 5.6.1 If, upon a Participant's termination of Employment, the vested Account Balance of his or her Accounts as of the applicable Valuation Date is equal to or less than $3,500, such Participant will receive a distribution of his or her entire vested benefit and the nonvested portion will be treated as forfeiture. If the value of a Participant's vested Account is zero, the Participant shall be deemed to have received a distribution of such vested Account.
Appears in 7 contracts
Samples: Adoption Agreement (Tca Cable Tv Inc), Adoption Agreement (Sterling Financial Corp /Wa/), Adoption Agreement (Pennfed Financial Services Inc)
DISTRIBUTION AND RESTORATION. 5.6.1 If, upon a Participant's termination of Employment, the vested Account Balance of his or her Accounts as of the applicable Valuation Date is equal to or less than $3,500, such Participant will receive a distribution of his her or her entire vested benefit and the nonvested portion will be treated as forfeiture. If the value of a Participant's vested Account is zero, the Participant shall be deemed to have received a distribution of such vested Account.
Appears in 1 contract
Samples: Adoption Agreement (Gadzooks Inc)
DISTRIBUTION AND RESTORATION. 5.6.1 If, upon a Participant's termination of Employment, the vested Account Balance of his or her Accounts as of the applicable Valuation Date is equal to or less than $3,500, such Participant will receive a distribution of his or her entire vested benefit and the nonvested portion will be treated as forfeiture. If the value of for a Participant's vested Account is zero, the Participant shall be deemed to have received a distribution of such vested Account.
Appears in 1 contract
Samples: White Mountains Insurance Group Inc
