If entitled to allocation. If a 0% Vested Participant's Account is entitled to an allocation of Employer contributions or Participant forfeitures for the Plan Year in which the Participant has a Severance from Employment, the Plan Administrator will apply the deemed cash-out rule as if the 0% Vested Participant received a Cash-Out Distribution on the first day of the first Plan Year beginning after his/her Severance from Employment.
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Samples: Participation Agreement (Nci Building Systems Inc), Plan and Trust Agreement (Finisar Corp)
If entitled to allocation. If a 0% Vested Participant's ’s Account is entitled to an allocation of Employer contributions or Participant forfeitures for the Plan Year in which the Participant has a Severance from Employment, the Plan Administrator will apply the deemed cash-out rule as if the 0% Vested Participant received a Cash-Out Distribution on the first day of the first Plan Year beginning after his/her Severance from Employment.
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Samples: Adoption Agreement (Knowles Corp)
If entitled to allocation. If a 0% Vested Participant's Account is entitled to an allocation of Employer contributions or Participant forfeitures for the Plan Year in which the Participant has a Severance from Employment, the Plan Administrator will apply the deemed cash-out cash‑out rule as if the 0% Vested Participant received a Cash-Out Cash‑Out Distribution on the first day of the first Plan Year beginning after his/her Severance from Employment.
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