Common use of RESTORATION AND CONDITIONS UPON RESTORATION Clause in Contracts

RESTORATION AND CONDITIONS UPON RESTORATION. A partially-vested Participant who is re-employed by the Employer after receiving a cash-out distribution of the Nonforfeitable percentage of his Accrued Benefit may repay the Trustee the amount of the cash-out distribution attributable to Employer restoration contributions, unless the Participant no longer has a right to restoration under the requirements of this Section 5.

Appears in 2 contracts

Samples: Employee Stock Ownership Plan and Trust Agreement (Edwards J D & Co), Employee Stock Ownership Plan and Trust Agreement (Fronteer Directory Company Inc)

AutoNDA by SimpleDocs

RESTORATION AND CONDITIONS UPON RESTORATION. A partially-vested Participant who is re-employed by the Employer after receiving a cash-out distribution of the Nonforfeitable percentage of his Accrued Benefit may repay the Trustee the amount of the cash-out distribution attributable to Employer restoration contributions, unless the Participant no longer has a right to restoration under the requirements of this Section 5.

Appears in 1 contract

Samples: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)

RESTORATION AND CONDITIONS UPON RESTORATION. A partially-partially- vested Participant who is re-employed by the Employer after receiving a cash-out distribution of the Nonforfeitable percentage of his Accrued Benefit may repay the Trustee the amount of the cash-out distribution attributable to Employer restoration contributions, unless the Participant no longer has a right to restoration under the requirements of this Section 5.

Appears in 1 contract

Samples: Employee Stock Ownership Plan and Trust Agreement (Liberty Bancshares Inc /Mo)

RESTORATION AND CONDITIONS UPON RESTORATION. A partially-vested Vested Participant who is re-employed by the Employer Company after receiving a cash-out distribution of the Nonforfeitable Vested percentage of his or her Accrued Benefit may repay the Trustee the amount of the cash-out distribution attributable to Employer restoration contributions, Company contributions unless the Participant no longer has a right to restoration under the requirements of this Section 56.

Appears in 1 contract

Samples: Employees' Stock Ownership Plan and Trust Agreement (Caseys General Stores Inc)

AutoNDA by SimpleDocs

RESTORATION AND CONDITIONS UPON RESTORATION. A partially-vested Participant who is re-employed by the Employer after receiving a cash-out distribution of the Nonforfeitable Vested percentage of his Accrued Benefit Account Balance may repay the Trustee the amount of the cash-out distribution attributable to Employer restoration contributions, unless the Participant no longer has a right to restoration under the requirements of this Section 5.

Appears in 1 contract

Samples: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)

RESTORATION AND CONDITIONS UPON RESTORATION. A partially-vested Participant who is re-employed by the Employer after receiving a cash-out distribution of the Nonforfeitable percentage of his Accrued Benefit may repay the Custodian/Trustee the amount of the cash-out distribution attributable to Employer restoration contributions, unless the Participant no longer has a right to restoration under the requirements of this Section 5.

Appears in 1 contract

Samples: 401(k) Retirement Savings Plan (Reptron Electronics Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!