Common use of Breaks in Vesting Service Clause in Contracts

Breaks in Vesting Service. If a Participant neither receives nor is deemed to receive a distribution pursuant to Section 6.01(D)(3) or (4) and the Participant returns to the service of the Employer before incurring 5 consecutive Breaks in Vesting Service, there shall be no Forfeiture and the amount in such suspense account shall be recredited to such Participant's Individual Account.

Appears in 14 contracts

Sources: 401(k) Savings Plan (Alaska Pacific Bancshares Inc), Qualified Retirement Plan (Teardrop Golf Co), Adoption Agreement (Bradford Funds Inc)

Breaks in Vesting Service. If a Participant neither receives nor is deemed to receive a distribution pursuant to Section 6.01(D)(3) or (4) and the Participant returns to the service of the Employer before incurring 5 consecutive Breaks in Vesting Service, there them shall be no Forfeiture and the amount in such suspense account shall be recredited to such Participant's Individual Account.

Appears in 2 contracts

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

Breaks in Vesting Service. If a Participant neither receives nor is deemed to receive a distribution pursuant to Section 6.01(D)(3) or (4) and the Participant returns to the service of the Employer before incurring 5 consecutive Breaks in Vesting Service, there shall be no Forfeiture and the amount in such suspense account account, shall be recredited re-credited to such Participant's Individual Account.

Appears in 1 contract

Sources: Prototype Defined Contribution Plan and Trust/Custodial Account (Connecticut Water Service Inc / Ct)