Common use of Separate Account/formula Clause in Contracts

Separate Account/formula. The Plan Administrator will establish a separate account for the Participant’s Account Balance at the time of the distribution. At any relevant time following the distribution, the Plan Administrator will determine the Participant’s Vested Account Balance in such separate account derived from Employer Contributions in accordance with the following formula: P(AB + D) - D. To apply this formula, “P” is the Participant’s current vesting percentage at the relevant time, “AB” is the Participant’s Employer-derived Account Balance at the relevant time and “D” is the amount of the earlier distribution. If, under a Restated Plan, the Plan has made distribution to a partially-Vested Participant prior to its restated Effective Date and is unable to apply the cash-out provisions of Section 5.04 to that prior distribution, this special vesting formula also applies to that Participant’s remaining Account Balance.

Separate Account/formula. The Plan Administrator will establish a separate account for the Participant’s 's Account Balance at the time of the distribution. At any relevant time following the distribution, the Plan Administrator will determine the Participant’s 's Vested Account Balance in such separate account derived from Employer Contributions in accordance with the following formula: P(AB + D) - D. To apply this formula, “"P” " is the Participant’s 's current vesting percentage at the relevant time, “"AB” " is the Participant’s 's Employer-derived Account Balance at the relevant time and “"D” " is the amount of the earlier distribution. If, under a Restated Plan, the Plan has made distribution to a partially-partially- Vested Participant prior to its restated Effective Date and is unable to apply the cash-out provisions of Section 5.04 to that prior distribution, this special vesting formula also applies to that Participant’s 's remaining Account Balance.

Separate Account/formula. The Plan Administrator will establish a separate account for the Participant’s 's Account Balance at the time of the distribution. At any relevant time following the distribution, the Plan Administrator will determine the Participant’s 's Vested Account Balance in such separate account derived from Employer Contributions in accordance with the following formula: P(AB + D) - D. To apply this formula, “"P” " is the Participant’s 's current vesting percentage at the relevant time, “"AB” " is the Participant’s 's Employer-derived Account Balance at the relevant time and “"D” " is the amount of the earlier distribution. If, under a Restated Plan, the Plan has made distribution to a partially-Vested Participant prior to its restated Effective Date and is unable to apply the cash-out provisions of Section 5.04 to that prior distribution, this special vesting formula also applies to that Participant’s 's remaining Account Balance.

Separate Account/formula. The Plan Administrator will establish a separate account for the Participant’s 's Account Balance at the time of the distribution. At any relevant time following the distribution, the Plan Administrator will determine the Participant’s 's Vested Account Balance in such separate account derived from Employer Contributions in accordance with the following formula: P(AB + D) - ‑ D. To apply this formula, “"P” " is the Participant’s 's current vesting percentage at the relevant time, “"AB” " is the Participant’s Employer-derived 's Employer‑derived Account Balance at the relevant time and “"D” " is the amount of the earlier distribution. If, under a Restated Plan, the Plan has made distribution to a partially-Vested partially‑Vested Participant prior to its restated Effective Date and is unable to apply the cash-out cash‑out provisions of Section 5.04 to that prior distribution, this special vesting formula also applies to that Participant’s 's remaining Account Balance.