Common use of Forfeiture for Break in Service Clause in Contracts

Forfeiture for Break in Service. If a Participant has not been an Employee for 5 consecutive Plan Years, then his forfeitable interest (at such time) in his Annual Employer Contribution Account and his Profit Sharing Contribution Account shall be forfeited.

Appears in 4 contracts

Samples: Lsi Industries Inc, Lsi Industries Inc, Lsi Industries Inc

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Forfeiture for Break in Service. If a Participant has not been an Employee for 5 consecutive Plan Years, then his forfeitable interest (at such time) in his Matching Contribution Account, his Annual Employer Contribution Account and his Profit Sharing Contribution Account shall be forfeited.

Appears in 1 contract

Samples: Lsi Industries Inc

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