Common use of Participant's Benefit Clause in Contracts

Participant's Benefit. The account balance as of the last valuation date in the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by the amount of any contributions or forfeitures allocated to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date.

Appears in 2 contracts

Samples: Adoption Agreement (Southbanc Shares Inc), Adoption Agreement for a Non Standardized 401(k) Plan (Interpool Inc)

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Participant's Benefit. The account balance as of the last valuation date in the valuation calendar year (the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by the amount of any contributions Contributions or forfeitures Forfeitures allocated to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date.

Appears in 2 contracts

Samples: Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Cornell Corrections Inc), Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Camco Financial Corp)

Participant's Benefit. The account balance as of the last Valuation Date in the valuation date in calendar year (that is, the calendar year immediately preceding before the distribution calendar year (valuation calendar year) Distribution Calendar Year), increased by the amount of 24 any contributions or forfeitures Forfeitures allocated to the Participant's account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation dateValuation Date.

Appears in 1 contract

Samples: 401(k) Profit Sharing Adoption Agreement (Kevco Inc)

Participant's Benefit. The account balance Account Balances as of the last valuation date Valuation Date in the calendar year immediately preceding the distribution calendar year Distribution Calendar Year (valuation calendar year"Valuation Calendar Year") increased by the amount of any contributions or forfeitures allocated to the account balance as of dates in the valuation calendar year after the valuation date Valuation Date and decreased by distributions made in the valuation calendar year Valuation Calendar Year after the valuation dateValuation Date.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Netvantage Inc)

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Participant's Benefit. a. The account balance as of the last valuation date in the valuation calendar year (the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by the amount of any contributions Contributions or forfeitures Forfeitures allocated to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date.

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan Adoption Agreement (Antigenics Inc /De/)

Participant's Benefit. The account balance Account Balance as of the last valuation date Valuation Date in the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by the amount of any contributions or forfeitures allocated to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date.

Appears in 1 contract

Samples: Plan and Trust Agreement (St Joseph Capital Corp)

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