Common use of Frozen Accrued Benefit Clause in Contracts

Frozen Accrued Benefit. If elected by the Employer below, each Participant's Frozen Accrued Benefit will be adjusted in accordance with the following fraction: [ ] Old Compensation fraction [ ] New Compensation fraction [ ] Reconstructed Compensation Fraction (may be selected only if the latest Fresh-Start Date is before the first day of the first Plan Year beginning after January 1, 1994). For purposes of calculating a Participant's "Reconstructed Compensation", the selected year will be the Plan Year beginning in (the selected year must begin after the latest Fresh-Start Date):

Appears in 10 contracts

Samples: Adoption Agreement (Dreyfus Lifetime Portfolios Inc), Adoption Agreement (Dreyfus Global Growth Fund), Adoption Agreement (Dreyfus Strategic Investing)

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