RULE OF PARITY - VESTING. The Employer may elect in its Adoption Agreement to apply the “rule of parity” under Code §411(a)(6)(D) for purposes of determining vesting Years of Service. Under the rule of parity, the Plan Administrator excludes a Participant’s Years of Service before a Break in Service if: (a) the number of the Participant’s consecutive Breaks in Service equals or exceeds 5; and (b) the Participant is 0% Vested in his/her Account Balance derived from Employer contributions at the time he/she has the Breaks in Service.
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Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp), Trimeris Inc
RULE OF PARITY - VESTING. The Employer may elect in its Adoption Agreement may elect to apply the “"rule of parity” " under Code §411(a)(6)(D) for purposes of determining vesting Years of Service. Under the rule of parity, the Plan Administrator excludes a Participant’s 's Years of Service before a Break in Service if: (a1) the number of the Participant’s 's consecutive Breaks in Service equals or exceeds 5; and (b2) the Participant is 0% Vested in his/her Account Balance derived from Employer contributions (as described under Section 5.04(C)(1)) at the time he/she has the Breaks in Service.
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RULE OF PARITY - VESTING. The Employer may elect in its Adoption Agreement to apply the “"rule of parity” " under Code §411(a)(6)(Dss.411(a)(6)(D) for purposes of determining vesting Years of Service. Under the rule of parity, the Plan Administrator excludes a Participant’s 's Years of Service before a Break in Service if: (a) the number of the Participant’s 's consecutive Breaks in Service equals or exceeds 5; and (b) the Participant is 0% Vested in his/her Account Balance derived from Employer contributions at the time he/she has the Breaks in Service.
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Samples: CRH Public LTD Co
RULE OF PARITY - VESTING. The Employer may elect in its Adoption ------------------------ Agreement to apply the “"rule of parity” " under Code §411(a)(6)(D(S)411(a)(6)(D) for purposes of determining vesting Years of Service. Under the rule of parity, the Plan Administrator excludes a Participant’s 's Years of Service before a Break in Service if: (a) the number of the Participant’s 's consecutive Breaks in Service equals or exceeds 5; and (b) the Participant is 0% Vested in his/her Account Balance derived from Employer contributions at the time he/she has the Breaks in Service.
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RULE OF PARITY - VESTING. The Employer may elect in its Adoption Agreement to apply the “"rule of parity” " under Code §ss. 411(a)(6)(D) for purposes of determining vesting Years of Service. Under the rule of parity, the Plan Administrator excludes a Participant’s 's Years of Service before a Break in Service if: (a) the number of the Participant’s 's consecutive Breaks in Service equals or exceeds 5; and (b) the Participant is 0% Vested in his/her Account Balance derived from Employer contributions at the time he/she has the Breaks in Service.
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Samples: Bank of Granite Corp
RULE OF PARITY - VESTING. The Employer may elect in its Adoption Agreement to apply the “"rule of parity” " under Code §411(a)(6)(D) for purposes of determining vesting Years of Service. Under the rule of parity, the Plan Administrator excludes a Participant’s 's Years of Service before a Break in Service if: (a) the number of the Participant’s 's consecutive Breaks in Service equals or exceeds 5; and (b) the Participant is 0% Vested in his/her Account Balance derived from Employer contributions at the time he/she has the Breaks in Service.
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Samples: Participation Agreement (Petco Animal Supplies Inc)