INCLUDED YEARS OF SERVICE - VESTING. For purposes of determining ----------------------------------- "Years of Service" under Section 5.06, the Plan takes into account all Years of Service an Employee completes with the Employer except:
(a) For the sole purpose of determining a Participant's Nonforfeitable percentage of his Accrued Benefit derived from Employer contributions which accrued for his benefit prior to a Forfeiture Break in Service, the Plan disregards any Year of Service after the Participant first incurs a Forfeiture Break in Service. The Participant incurs a Forfeiture Break in Service when he incurs 5 consecutive Breaks in Service.
(b) The Plan disregards any Year of Service excluded under the Employer's Adoption Agreement. The Plan does not apply the Break in Service rule under Code Section 411(a)(6)(B). Therefore, an Employee need not complete a Year of Service after a Break in Service before the Plan takes into account the Employee's otherwise includible Years of Service under this Article V.
INCLUDED YEARS OF SERVICE - VESTING. The Employer specifically excludes the following Years of Service: (Choose (a) or at least one of (b) through (e))
(a) None other than as specified in Section 5.08(a) of the Plan.
(b) Any Year of Service before the Participant attained the age of ___. [Note: The age selected may not exceed age 18.]
INCLUDED YEARS OF SERVICE - VESTING. For purposes of determining ----------------------------------- "Years of Service" under Section 5.06, the Plan takes into account all Years of Service an Employee completes with the Employer except:
(a) For the sole purpose of determining a Participant's Nonforfeitable percentage of his Accrued Benefit derived from Employer contributions which accrued for his benefit prior to a Forfeiture Break in Service, the Plan disregards any Year of Service after the Participant first incurs a Forfeiture Break in Service. The Participant incurs a Forfeiture Break in Service when he incurs 5 consecutive Breaks in Service.
(b) The Plan disregards any Year of Service excluded under the Employer's Adoption Agreement.
INCLUDED YEARS OF SERVICE - VESTING. For purposes of determining “Years of Service” under Section 5.06, the Plan takes into account all Years of Service an Employee completes with the Employer except:
(a) For the sole purpose of determining a Participant’s Vested percentage of his/her Account Balance derived from Employer contributions which accrued for his/her benefit prior to a Forfeiture Break in Service or receipt of a cash-out distribution, the Plan disregards any Year of Service after the Participant first incurs a Forfeiture Break in Service or receives a cash-out distribution (except where the Plan Administrator restores the Participant’s Account under Section 5.04(A)).
(b) Consistent with Code §411(a)(4), any Year of Service the Employer elects to exclude under its Adoption Agreement.
INCLUDED YEARS OF SERVICE - VESTING. The Employer specifically ----------------------------------- excludes the following Years of Service: (Choose (a) or at least one of (b) through (e)) [ ]
(a) None other than as specified in Section 5.08(a) of the Plan. [ ] (b) Any Year of Service before the Participant attained the age of ____. Note: The age selected may not exceed age 18.] [ ]
(c) Any Year of Service during the period the Employer did not maintain this Plan or a predecessor plan. [X] (d) Any Year of Service before a Break in Service if the number of consecutive Breaks in Service equals or exceeds the greater of 5 or the aggregate number of the Years of Service prior to the Break. This exception applies only if the Participant is 0% vested in his Accrued Benefit derived from Employer contributions at the time he has a Break in Service. Furthermore, the aggregate number of Years of Service before a Break in Service do not include any Years of Service not required to be taken into account under this exception by reason of any prior Break in Service.
INCLUDED YEARS OF SERVICE - VESTING. The Employer specifically ----------------------------------- excludes the following Years of Service: (Choose (a) or at least one of (b) through (e))
(a) None other than as specified in Section 5.08(a) of the Plan.
(c) Any Year of Service during the period the Employer did not maintain this Plan or a predecessor plan.
(d) Any Year of Service before a Break in Service if the number of consecutive Breaks in Service equals or exceeds the greater of 5 or the aggregate number of the Years of Service prior to the Break. This exception applies only if the Participant is 0% vested in his Accrued Benefit derived from Employer contributions at the time he has a Break in Service. Furthermore, the aggregate number of Years of Service before a Break in Service do not include any Years of Service not required to be taken into account under this exception by reason of any prior Break in Service.
(e) Any Year of Service earned prior to the effective date of ERISA if the Plan would have disregarded that Year of Service on account of an Employee's Separation from Service under a Plan provision in effect and adopted before January 1, 1974.
ARTICLE VI TIME AND METHOD OF PAYMENTS OF BENEFITS
INCLUDED YEARS OF SERVICE - VESTING. For purposes of determining "Years of Service" under Section 5.06, the Plan takes into account all Years of Service an Employee completes with an Employer. For the sole purpose of determining a Participant's Nonforfeitable percentage of his Accrued Benefit derived from Employer contributions which accrued for his benefit prior to a Forfeiture Break in Service, the Plan disregards any Year of Service after the Participant first incurs a Forfeiture Break in Service. The Participant incurs a Forfeiture Break in Service when he incurs 5 consecutive Breaks in Service.
INCLUDED YEARS OF SERVICE - VESTING. The Employer specifically ----------------------------------- excludes the following Years of Service: (Choose (a) or at least one of (b) through (e)) [N/A] (a) None other than as specified in Section 5.08(a) of the Plan. [x] (b) Any Year of Service before the Participant attained the age of 18. Note: The age selected may not exceed age 18.] -- [N/A] (c) Any Year of Service during the period the Employer did not maintain this Plan or a predecessor plan. [N/A] (d) Any Year of Service before a Break in Service if the number of consecutive Breaks in Service equals or exceeds the greater of 5 or the aggregate number of the Years of Service prior to the Break. This exception applies only if the Participant is 0% vested in his Accrued Benefit derived from Employer contributions at the time he has a Break in Service. Furthermore, the aggregate number of Years of Service before a Break in Service do not include any Years of Service not required to be taken into account under this exception by reason of any prior Break in Service. [N/A] (e) Any Year of Service earned prior to the effective date of ERISA if the Plan would have disregarded that Year of Service on account of an Employee's Separation from Service under a Plan provision in effect and adopted before January 1, 1974.
ARTICLE VI TIME AND METHOD OF PAYMENTS OF BENEFITS Code (S)411(d)
INCLUDED YEARS OF SERVICE - VESTING. The Employer specifically ----------------------------------- excludes the following Years of Service: (Choose (a) or at least one of (b), (c) and (d))
INCLUDED YEARS OF SERVICE - VESTING. For purposes of determining "Years of Service" under Section 5.06, the Plan takes into account all Years of Service an Employee completes with the Employer except any Year of Service the Participant completes after he/she first incurs a Forfeiture Break in Service or receives a cash-out distribution (unless the Plan Administrator restores the Participant's Account under Section 5.04(A)). This exception applies for the sole purpose of determining a Participant's Vested percentage of his/her Account Balance derived from Employer contributions which accrued for his/her benefit prior to a Forfeiture Break in Service or receipt of cash-out distribution. In addition, Years of Service prior to January 1, 1982 during which a Participant did not make required mandatory contributions shall not be counted for purposes of determining a Participant's Vested percentage of his/her Account Balance derived from Employer contributions.
