Common use of VESTING OF ACCOUNTS Clause in Contracts

VESTING OF ACCOUNTS. Section 6.1 Vesting of Member Contributions, 401(k) Deferrals, Qualified Nonelective Contributions, and Rollover Contributions All Units credited to a Member’s Account based on after-tax contributions and/or 401(k) deferrals made by the Member and any earnings related thereto (including any rollover contributions allocated to a Member’s Account under the Plan and any earnings thereon) and, as provided in Section 3.9, Employer qualified nonelective contributions made on behalf of such Member shall be immediately and fully vested at all times.

Appears in 3 contracts

Samples: Adoption Agreement (Newport Bancorp Inc), Adoption Agreement (Sugar Creek Financial Corp), Trust Agreement (Northeast Community Bancorp Inc)

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VESTING OF ACCOUNTS. Section 6.1 Vesting of Member Contributions, 401(k) Deferrals, Qualified Nonelective Contributions, and Rollover Contributions All Units credited to a Member’s 's Account based on after-tax contributions and/or 401(k) deferrals made by the Member and any earnings related thereto (including any rollover contributions allocated to a Member’s 's Account under the Plan and any earnings thereon) and, as provided in Section 3.9, Employer qualified nonelective contributions made on behalf of such Member shall be immediately and fully vested at all times.

Appears in 1 contract

Samples: Adoption Agreement (CCSB Financial Corp)

VESTING OF ACCOUNTS. Section 6.1 Vesting of Member Contributions, 401(k) Deferrals, Qualified Nonelective Contributions, and Rollover Contributions All Units credited to a Member’s =s Account based on after-tax contributions and/or 401(k) deferrals made by the Member and any earnings related thereto (including any rollover contributions allocated to a Member’s Account under the Plan and any earnings thereon) and, as provided in Section 3.93.10, Employer qualified nonelective contributions made on behalf of such Member (and any earnings thereon) shall be immediately and fully vested at all times.

Appears in 1 contract

Samples: Adoption Agreement (Cape Bancorp, Inc.)

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VESTING OF ACCOUNTS. Section 6.1 Vesting of Member Contributions, 401(k) Deferrals, Qualified Nonelective Contributions, and Rollover Contributions All Units credited to a Member’s Account based on after-tax contributions and/or 401(k) deferrals made by the Member and any earnings related thereto (including any rollover contributions allocated to a Member’s Account under the Plan and any earnings thereon) and, as provided in Section 3.93.10, Employer qualified nonelective contributions made on behalf of such Member (and any earnings thereon) shall be immediately and fully vested at all times.

Appears in 1 contract

Samples: Adoption Agreement (First Savings Financial Group Inc)

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