Common use of Break in Vesting Service and Forfeitures Clause in Contracts

Break in Vesting Service and Forfeitures. If a Participant incurs a Termination of Employment, any portion of his or her Individual Account which is not Vested shall be held in a suspense account. Such suspense account shall share in any increase or decrease in the fair market value of the assets of the Fund in accordance with Section 4 of the Plan. The disposition of such suspense account shall be as follows:

Appears in 14 contracts

Sources: 401(k) Savings Plan (Alaska Pacific Bancshares Inc), Qualified Retirement Plan (Teardrop Golf Co), Basic Plan Document (Tri Continental Corp)

Break in Vesting Service and Forfeitures. If a Participant incurs a Termination of Employment, any portion of his or her Individual Account which is not Vested shall be held in a suspense account. Such suspense account shall share share-in any increase or decrease in the fair market value of the assets of the Fund in accordance with Section 4 of the Plan. The disposition of such suspense account shall be as follows:

Appears in 2 contracts

Sources: Basic Plan Document (Nabi /De/), Basic Plan Document (Nabi /De/)