Timing of Allocation of Forfeitures. If no distribution or deemed distribution has been made to a former Participant, nonvested portions shall be forfeited at the end of the Plan Year during which the former Participant incurs his or her fifth consecutive one-year Break in Service. If a former Participant has received the full amount of his or her vested interest, the nonvested portion of his or her account shall be forfeited and shall be disposed of:
Appears in 7 contracts
Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Nonstandardized Adoption Agreement (Legacy Bancorp, Inc.), Prototype Defined Contribution (Spheris Leasing LLC)
Timing of Allocation of Forfeitures. If no timely distribution or deemed distribution [pursuant to paragraph 6.5(c) of the Basic Plan Document #01] has been made to a former Participant, nonvested non-vested portions shall be forfeited at the end of the Plan Year during which the former Participant incurs his or her fifth consecutive one-one (1) year Break in ServiceService or Period of Severance for Plans that use the Elapsed Time Method. If a former Participant has received the full amount of his or her vested interestVested Account Balance, the nonvested non-vested portion of his or her account shall be forfeited and shall be disposed of:
Appears in 3 contracts
Samples: Nonstandardized Adoption Agreement (BBCN Bancorp Inc), Nonstandardized Adoption Agreement (First Northwest Bancorp), Prototype Defined Contribution Plan (Athens Bancshares Corp)
Timing of Allocation of Forfeitures. If no timely distribution or deemed distribution [pursuant to paragraph 6.5(c) of the Basic Plan Document] has been made to a former Participant, nonvested non-vested portions shall be forfeited at the end of the Plan Year during which the former Participant incurs his or her fifth consecutive one-one (1) year Break in ServiceService or Period of Severance for Plans that use the Elapsed Time Method. If a former Participant has received the full amount of his or her vested interestVested Account Balance, the nonvested non-vested portion of his or her account shall be forfeited and shall be disposed of:
Appears in 2 contracts
Samples: Participation Agreement (Sterling Chemicals Inc), Sterling Chemicals Inc
Timing of Allocation of Forfeitures. If no timely distribution or deemed distribution [pursuant to paragraph 6.5(c) of the Plan Document] has been made to a former Participant, nonvested non-vested portions shall be forfeited at the end of the Plan Year during which the former Participant incurs his or her fifth consecutive one-one (1) year Break in ServiceService or Period of Severance for Plans that use the Elapsed Time Method. If a former Participant has received the full amount of his or her vested interestVested Account Balance, the nonvested non-vested portion of his or her account shall be forfeited and shall be disposed of:
Appears in 1 contract
Samples: Willis Group Holdings LTD
Timing of Allocation of Forfeitures. If no distribution or deemed distribution has been made to a former Participant, nonvested portions amounts shall be forfeited at the end of the Plan Year during which the former Participant incurs his or her fifth consecutive one-year Break in Service. If a former Participant has received the full amount of his or her vested interest, the nonvested portion of his or her account shall be forfeited and shall be disposed of:
Appears in 1 contract
Samples: Standardized Adoption Agreement (Thomasville Bancshares Inc)
