Common use of Requalification Prior To Five Consecutive One-Year Breaks In Service Clause in Contracts

Requalification Prior To Five Consecutive One-Year Breaks In Service. Subject to Article VI, the account balance of a Participant who is re-employed prior to incurring five (5) consecutive one (1) year Breaks in Service or Periods of Severance shall consist of any undistributed amount in his or her account as of the date of re-employment plus any future contributions added to such account plus the investment earnings on the account. The Vested Account Balance of such Participant shall be determined by multiplying the Participant’s account balance (adjusted to include any distribution or redeposit made under paragraph 6.5) by such Participant’s vested percentage. All Service of the Participant, both prior to and following the break, shall be counted when computing the Participant’s vested percentage.

Requalification Prior To Five Consecutive One-Year Breaks In Service. Subject to Article VI, the account balance of a Participant who is re-employed prior to incurring five (5) consecutive one (1) year Breaks in Service or Periods of Severance shall consist of any undistributed amount in his or her account as of the date of re-employment plus any future contributions added to such account plus the investment earnings on the account. The Vested Account Balance of such Participant shall be determined by multiplying the Participant’s account balance (adjusted to include any distribution or redeposit made under paragraph 6.56.3) by such Participant’s vested percentage. All Service of the Participant, both prior to and following the break, shall be counted when computing the Participant’s vested percentage.

Requalification Prior To Five Consecutive One-Year Breaks In Service. Subject to Article VI, the account balance of a Participant who is re-employed prior to incurring five (5) consecutive one (1) year Breaks in Service or Periods of Severance shall consist of any undistributed amount in his or her account as of the date of re-employment plus any future contributions added to such account plus the investment earnings on the account. The Vested Account Balance of such Participant shall be determined by multiplying the Participant’s 's account balance (adjusted to include any distribution or redeposit made under paragraph 6.56.3) by such Participant’s 's vested percentage. All Service of the Participant, both prior to and following the break, shall be counted when computing the Participant’s 's vested percentage.