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 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 2 contracts

Sources: Qualified Retirement Plan and Trust (Bradford Funds Inc), Tax Sheltered Custodial Account Agreement (New England Funds Trust I)