LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN. In the event that all, or any portion, of the distribution payable to a Participant or his Beneficiary hereunder shall, at the later of the Participant's attainment of age 62 or his Normal Retirement Age, remain unpaid solely by reason of the inability of the Administrator, after sending a registered letter, return receipt requested, to the last known address, and after further diligent effort, to ascertain the whereabouts of such Participant or his Beneficiary, the amount so distributable shall be treated as a Forfeiture pursuant to the Plan. In the event a Participant or Beneficiary is located subsequent to his benefit being reallocated, such benefit shall be restored.
Appears in 3 contracts
Samples: Employee Stock Ownership Plan (Atlantic Coast Airlines Inc), Employee Stock Ownership Plan and Trust (Uwharrie Capital Corp), 401(k) Savings Plan and Trust Agreement (Fulton Financial Corp)
LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN. In the event that all, or any portion, of the distribution payable to a Participant or his Beneficiary hereunder shall, at the later of the Participant's attainment of age 62 or his Normal Retirement Age, remain unpaid solely by reason of the inability of the Administrator, after sending a registered letter, return receipt requested, to the last known address, and after further diligent effort, to ascertain the whereabouts of such Participant or his Beneficiary, the amount so distributable shall be treated as a Forfeiture pursuant to the Plan. In the event a Participant or Beneficiary is located 84 85 subsequent to his benefit being reallocated, such benefit shall be restored.
Appears in 2 contracts
Samples: Retirement & Profit Sharing Plan (Telxon Corp), Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc)
LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN. In the event that all, or any portion, of the distribution payable to a Participant or his Beneficiary hereunder shall, at the later of the Participant's attainment of age 62 or his Normal Retirement Age, remain unpaid solely by reason of the inability of the Administrator, after sending a registered letter, return receipt requested, to the last known address, and after further diligent effort, to ascertain the whereabouts of such Participant or his Beneficiary, the amount so distributable shall be treated as a Forfeiture pursuant to the Plan. In the event a Participant or Beneficiary is located subsequent to his benefit being reallocated, such benefit shall be restoredrestored unadjusted for earnings or losses.
Appears in 2 contracts
Samples: Employee Stock Ownership Plan and Trust Agreement (Allied Capital Corp), 401(k) Profit Sharing Plan and Trust Agreement (Ameritrade Holding Corp)
