Common use of Distribution on Termination of Employment Clause in Contracts

Distribution on Termination of Employment. (1) If a Participant ceases to be an Employee under circumstances other than those covered by Sections 6.3 and 6.4, the vested portion of his Account, after any applicable deduction from such Account pursuant to the Plan's loan repayment provisions, shall be distributed in accordance with this Section, except that if a Participant to whom this Section applies dies before his vested Account balance has been distributed, Section 6.4 shall govern this distribution of the vested portion of his Account.

Distribution on Termination of Employment. (1) If Upon a Participant ceases to be an Employee under circumstances other than those covered by Sections 6.3 and 6.4Participant's Termination of Employment, the vested portion entire balance of his Account, after any applicable deduction from such Account pursuant to the Plan's loan repayment provisions, vested Accounts shall be distributed to him or, if he dies prior to distribution, to his Beneficiary. Such distribution shall be made in accordance with this Section, except that if a Participant to whom this Section applies dies before his vested Account balance has been distributed, Section 6.4 shall govern this distribution the provisions of the vested Article 9. Any portion of his Accounta Participant's Accounts in which he does not have a vested interest, in accordance with Section 5.1, at the time of Termination of Employment shall be forfeited as provided in Section 5.2 and shall be applied to reduce future Matching and Profit Sharing Contributions.

Distribution on Termination of Employment. (1) If Upon a Participant ceases to be an Employee under circumstances other than those covered by Sections 6.3 and 6.4Participant's Termination of Employment, the vested portion entire balance of his Account, after any applicable deduction from such Account pursuant to the Plan's loan repayment provisions, vested Accounts shall be distributed to him or, if he dies prior to distribution, to his Beneficiary. Such distribution shall be made in accordance with this Section, except that if a Participant to whom this Section applies dies before his vested Account balance has been distributed, Section 6.4 shall govern this distribution the provisions of the vested Article 9. Any portion of his Accounta Participant's Accounts in which he does not have a vested interest, in accordance with Section 5.1, at the time of Termination of Employment shall be forfeited as provided in Section 5.2 and shall be applied to reduce future Company Contributions, if any.