Employee Transfers. In the event an Employee is transferred between Participating Employers, accumulated service and eligibility shall be carried with the Employee involved. No such transfer shall effect a termination of employment hereunder, and the Participating Employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Participating Employer from whom the Employee was transferred.
Appears in 6 contracts
Samples: Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/), Adoption Agreement (MSC Software Corp), 401(k) Plan (Chevron Corp)
Employee Transfers. In the event It is anticipated that an Employee is may be transferred between Participating Employers, and in the event of any such transfer, the Employee involved shall carry with him his accumulated service and eligibility shall be carried with the Employee involvedeligibility. No such transfer shall effect a termination of employment hereunder, and the Participating Employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Participating Employer from whom the Employee was transferred.
Appears in 6 contracts
Samples: Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc), 401(k) Savings Plan and Trust Agreement (Fulton Financial Corp), Retirement & Profit Sharing Plan (Telxon Corp)
Employee Transfers. In the event It is anticipated that an Employee is may be transferred between Participating Employers, accumulated service and eligibility shall be carried with in the event of any such transfer, the Employee involvedinvolved shall carry with him his accumulated Service and eligibility. No such transfer shall effect a termination of employment hereunder, and the Participating Employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Participating Employer from whom the Employee was transferred.
Appears in 3 contracts
Samples: Basic Plan Document (Fairfax Financial Holdings LTD/ Can), 401(k) Plan Document (Metals Usa Inc), 401(k) Plan Document (Metals Usa Inc)
Employee Transfers. In the event It is anticipated that an Employee is may be transferred between Participating Employers, accumulated service and eligibility shall be carried with in the event of any such transfer, the Employee involvedinvolved shall carry with him his accumulated Service and eligibility. No such transfer shall effect a termination of employment hereunder, and the Participating Employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Participating Employer from whom the Employee was transferred.
Appears in 2 contracts
Samples: Adoption Agreement (Sonic Corp), Adoption Agreement (BRPP LLC)
Employee Transfers. In the event of a transfer of an Employee is between entities participating in the Plan, the transferred between Participating Employers, Employee shall retain his or her accumulated service Service and eligibility shall be carried with the Employee involvedeligibility. No such transfer shall effect a termination of employment separation from Service hereunder, and the Participating Employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Participating Employer from whom the Employee was transferred.
Appears in 2 contracts
Samples: Employee Stock Ownership Plan and Trust Agreement (Scotts Liquid Gold Inc), Employee Stock Ownership Plan and Trust Agreement (Scotts Liquid Gold Inc)
Employee Transfers. In the event It is anticipated that an Employee is may be transferred between and among the Employer and Participating Employers, and in the event of any such transfer, the Employee involved shall carry with him his accumulated service and eligibility shall be carried with the Employee involvedeligibility. No such transfer shall effect a termination of employment hereunder, and the Participating Employer employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Employer or Participating Employer from whom the Employee was transferred.
Appears in 1 contract
Samples: Employee Stock Ownership Plan and Trust (Uwharrie Capital Corp)
Employee Transfers. In the event It is anticipated that an Employee is may be transferred between Participating Employers, and in the event of any such transfer, accumulated service and eligibility shall be carried with the Employee involved. No such transfer shall effect a termination of employment hereunder, and the Participating Employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Participating Employer from whom the Employee was transferred.
Appears in 1 contract
Employee Transfers. In the event an Employee is transferred between Participating Employers, accumulated service and eligibility shall be carried with the Employee involved. No such transfer shall effect a termination severance of employment hereunder, and the Participating Employer to which the Employee is transferred shall thereupon become obligated hereunder with respect to such Employee in the same manner as was the Participating Employer from whom the Employee was transferred.
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