No further allocations. If the terminated Participant is not entitled to any further allocations under the Plan for the Plan Year in which the Participant terminates employment, the Cash-Out Distribution occurs on the day the Participant receives a distribution of his/her entire vested Account Balance. The Participant’s nonvested benefit is immediately forfeited on such date, in accordance with the provisions under Section 5.5.
Appears in 2 contracts
Samples: Plan and Trust Agreement (Mercantile Bancorp, Inc.), Prudential Retirement Services (National Penn Bancshares Inc)
No further allocations. If the terminated Participant is not entitled to any further allocations under the Plan for the Plan Year in which the Participant terminates employment, the deemed Cash-Out Distribution occurs is deemed to occur on the day the Participant receives a distribution of his/her entire vested Account Balanceemployment terminates. The Participant’s nonvested benefit is immediately forfeited on such date, in accordance with the provisions under Section 5.5.
Appears in 2 contracts
Samples: Prudential Retirement Services (National Penn Bancshares Inc), Plan and Trust Agreement (Mercantile Bancorp, Inc.)
No further allocations. If the terminated Participant is not entitled to any further allocations under the Plan for the Plan Year in which the Participant terminates employment, the deemed Cash-Out Distribution occurs is deemed to occur on the day the Participant receives a distribution of his/her entire vested Account Balanceemployment terminates. The Participant’s 's nonvested benefit is immediately forfeited on such date, in accordance with the provisions under Section 5.5.
Appears in 1 contract
Samples: Capital Corp of the West
No further allocations. If the terminated Participant is not entitled to any further allocations under the Plan for the Plan Year in which the Participant terminates employment, the Cash-Out Distribution occurs on the day the Participant receives a distribution of his/her entire vested Account Balance. The Participant’s 's nonvested benefit is immediately forfeited on such date, in accordance with the provisions under Section 5.5.
Appears in 1 contract
Samples: Capital Corp of the West