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.
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Samples: Defined Contribution Prototype Plan (Trimeris Inc), Defined Contribution Prototype Plan (MSC Software Corp)
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 '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 '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.
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Samples: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc)
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 '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 's Account under Section 5.04(A)).
(b) Consistent with Code §411(a)(4(S)411(a)(4), any Year of Service the Employer elects to exclude under its Adoption Agreement.
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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 '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 's Account under Section 5.04(A)).
(b) Consistent with Code §411(a)(4ss.411(a)(4), any Year of Service the Employer elects to exclude under its Adoption Agreement.
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