Common use of INCLUDED YEARS OF SERVICE - VESTING Clause in Contracts

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.

Appears in 3 contracts

Samples: 401(k) Plan (Firstbank Corp/Id), Adoption Agreement (Channell Commercial Corp), 401(k) Plan Adoption Agreement (Expedia Inc)

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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. 5.03 1 90 DEFINED CONTRIBUTION PROTOTYPE PLAN (b) The Plan disregards .disregards any Year of Service excluded under the Employer's Adoption Agreement.

Appears in 1 contract

Samples: Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/)

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.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Global Imaging Systems Inc)

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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 (S)411(a)(6)(B).

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (High Country Bancorp Inc)

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