Vesting Upon Complete Discontinuance of Contributions Sample Clauses

Vesting Upon Complete Discontinuance of Contributions. If the Plan is a profit-sharing plan, and there is a complete discontinuance of contributions under the Plan, the account balance of each affected Participant will be nonforfeitable.
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Related to Vesting Upon Complete Discontinuance of Contributions

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

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