Common use of Zero Benefits Clause in Contracts

Zero Benefits. If the value of the Participant's vested and nonforfeitable interest in the Plan at the time of his termination of employment is zero, the Participant shall be deemed to have received a distribution of such interest.

Appears in 4 contracts

Samples: Adoption Agreement (Jones Medical Industries Inc /De/), Southwest Community Bancorp, Capstone Pharmacy Services Inc

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Zero Benefits. If the value of the Participant's vested and nonforfeitable non-forfeitable interest in the Plan at the time of his termination of employment is zero, the Participant shall be deemed to have received a distribution of such interest.

Appears in 1 contract

Samples: Agreement (Floridian Financial Group Inc)

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