Common use of Distribution Prior to Full Vesting Clause in Contracts

Distribution Prior to Full Vesting. If a distribution is made to a Participant who was not then fully Vested in his or her Individual Account derived from Employer Contributions and the Participant may increase his or her Vested percentage in his or her Individual Account, then the following rules shall apply: 1. a separate account will be established for the Participant's interest in the Plan as of the time of the distribution, and

Appears in 11 contracts

Samples: Retirement Plan Document (Merchants & Manufacturers Bancorporation Inc), Basic Plan Document (Nabi /De/), 401(k) Savings Plan (Alaska Pacific Bancshares Inc)

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Distribution Prior to Full Vesting. If a distribution is made to a Participant who was not then fully tilly Vested in his or her Individual Account derived from Employer Contributions and the Participant may increase his or her Vested percentage in his or her Individual Account, then the following rules shall apply: 1. a separate account will be established for the Participant's interest in the Plan as of the time of the distribution, and

Appears in 1 contract

Samples: Basic Plan Document (Weststar Financial Services Corp)

Distribution Prior to Full Vesting. If a distribution is made to a Participant who was not then fully Vested in his or her Individual Account derived from Employer Contributions and the Participant may increase his or her Vested percentage in his or her Individual Account, then the following rules shall apply: 1. a separate account will be established for the Participant's interest in the Plan as of the time of the distribution, and

Appears in 1 contract

Samples: Tax Sheltered Custodial Account Agreement (New England Funds Trust I)

Distribution Prior to Full Vesting. If a distribution is made to a Participant who was not then fully Vested in his or her Individual Account derived from Employer Contributions and the Participant may increase his or her Vested percentage in his or her Individual Account, then the following rules shall apply: 1. a separate account will be established for the Participant's interest in the Plan as of the time of the distribution, and

Appears in 1 contract

Samples: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Camco Financial Corp)

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Distribution Prior to Full Vesting. If a distribution is made to a Participant who was not then fully Vested in his or her Individual Account derived from Employer Contributions Contributions, and that Participant could increase the Participant may increase his or her Vested percentage in his which he or her Individual Account, she is Vested (for example by timely returning to the Employer's employ or by continuing in the Employer's employment) then the following rules shall apply: 1. a separate account will be established for the Participant's interest in the Plan as of the time of the distribution, and

Appears in 1 contract

Samples: 401(k) Profit Sharing Adoption Agreement (Kevco Inc)

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