Common use of Grossed-Up" Vesting Formula Clause in Contracts

Grossed-Up" Vesting Formula. If the Trustee makes a distribution (other than a Cash-Out Distribution described in Section 5.04) to a Participant from an Account which is not fully Vested, and the Participant has not incurred a Forfeiture Break in Service, the provisions of this Section 5.03(C) apply to the Participant's Account Balance.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

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Grossed-Up" Vesting Formula. If the Trustee makes a distribution (other than a Cash-Out Cash‑Out Distribution described in Section 5.04) to a Participant from an Account which is not fully Vested, and the Participant has not incurred a Forfeiture Break in Service, the provisions of this Section 5.03(C) apply to the Participant's Account Balance.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)

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Grossed-Up" Vesting Formula. If the Trustee makes a distribution (other than a Cashcash-Out Distribution out distribution described in Section 5.04) to a Participant from an Account which is not fully Vestedpartially-Vested Participant, and the Participant has not incurred a Forfeiture Break in ServiceService at the relevant time, the provisions of this Section 5.03(C5.03(A) apply to the Participant's Account Balance.. At any relevant time following the distribution, the Plan Administrator will determine the Participant's Vested Account Balance derived from Employer contributions in accordance with the following formula: P(AB + D)—D.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc)

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