Common use of Non-Vested Employees Clause in Contracts

Non-Vested Employees. On termination of employment before retirement age, a non-vested employee will receive the balance arising from his/her own contributions. The Employer contributions will be forfeited by the employee and shall be used to offset future Employer contributions for the remaining participants in the Pension Plan.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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