Common use of Early Retirement Benefits Clause in Contracts

Early Retirement Benefits. If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 11 contracts

Samples: Defined Contribution Plan, Defined Contribution Plan, Defined Contribution Plan (1st Constitution Bancorp)

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Early Retirement Benefits. If elected the Employer so provides in the Adoption Agreement, an Early Retirement benefit may will be available to individuals who meet the age and Service requirements that are specified in requirements. An individual who meets the Adoption Agreement. A Participant who attains his or her Early Retirement Date Age requirements and separates from Service, will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 5 contracts

Samples: 401(k) Plan Document (Berkshire Hills Bancorp Inc), Profit Sharing Plan (First Keystone Corp), Adoption Agreement (Westfield Financial Inc)

Early Retirement Benefits. If elected in the Adoption Agreement, an An Early Retirement benefit may be available if elected in the Adoption Agreement to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 4 contracts

Samples: 401(k) Defined Contribution Plan (Measurement Specialties Inc), Defined Contribution Plan (Century Bancorp Inc), Defined Contribution Plan (FNB United Corp.)

Early Retirement Benefits. If elected the Employer so provides in the Adoption Agreement, an Early Retirement benefit may Benefit will be available to individuals who meet the age and Service requirements that are specified in requirements. An individual who meets the Adoption Agreement. A Participant who attains his or her Early Retirement Date Age requirements and separates from Service, will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 4 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), 401(k) Plan Document (Inventa Technologies Inc), Adoption Agreement (Shared Technologies Cellular Inc)

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Early Retirement Benefits. If elected the Employer so provides in the Adoption Agreement, an Early Retirement benefit may Benefit will be available to individuals who meet the age and Service requirements that are specified in requirements. An individual who meets the Adoption Agreement. A Participant who attains his or her Early Retirement Date Age requirements and separates from Service will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit Benefit upon satisfaction of the age requirement.

Appears in 1 contract

Samples: Adoption Agreement (Oregon Trail Financial Corp)

Early Retirement Benefits. If elected the Employer so provides in the Adoption Agreement, an Early Retirement early retirement benefit may will be available to individuals who meet the age and Service requirements that are specified in requirements. An individual who meets the Adoption Agreement. A Participant who attains his or her Early Retirement Date Age requirements and separates from Service, will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirementsrequirement, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 1 contract

Samples: Adoption Agreement (Professionals Insurance Co Management Group)

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