Common use of Forfeiture on Termination of Participation Clause in Contracts

Forfeiture on Termination of Participation. (a) If as a result of his Separation From Service a Participant or former Participant receives (or is deemed to receive under Section 5.04), a distribution of his entire Nonforfeitable Interest in the Plan not later than the end of the second Plan Year following the Plan Year in which his Separation From Service occurs, the remaining nonvested portion of his Account balance will be immediately forfeited upon the distribution.

Forfeiture on Termination of Participation. (a) If as a result of his Separation From Service a Participant or former Participant receives (or is deemed to receive under Section 5.04), a distribution of his entire Nonforfeitable Interest in the Plan not later than the end of the second Plan Year following the Plan Year in which his Separation From Service occurs, the remaining nonvested portion of Forfeitable Interest in his Account balance will be immediately forfeited upon the distribution.

Forfeiture on Termination of Participation. (a) If as a result of his Separation From Service a Participant or former Participant receives (or is deemed to receive under Section 5.045.05), a distribution of his entire Nonforfeitable Interest in the Plan not later than the end of the second Plan Year following the Plan Year in which his Separation From Service occurs, the remaining nonvested portion of Forfeitable Interest in his Account balance will be immediately forfeited upon the distribution.