Common use of DISTRIBUTION PRIOR TO Clause in Contracts

DISTRIBUTION PRIOR TO. FULL VESTING - If a distribution is made to a Participant who was not then fully Vested in his or her Individual Account derived from Employer Contributions and the Participant may increase his or her Vested percentage in his or her Individual Account, then the following rules shall apply: 1. a separate account will be established for the Participant's interest in the Plan as of the time of the distribution, and

Appears in 4 contracts

Sources: Adoption Agreement (Bradford Funds Inc), Basic Plan Document (Edutrek Int Inc), Qualified Retirement Plan and Trust (Meritage Hospitality Group Inc /Mi/)

DISTRIBUTION PRIOR TO. FULL VESTING - If a distribution is made to a Participant who was not then fully Vested in his or her Individual Account derived from Employer Contributions and the Participant may increase his or her Vested percentage in his or her Individual Account, then the following rules shall apply: 1. a separate account will be established for the Participant's interest in the Plan as of the time of the distribution, and

Appears in 1 contract

Sources: Qualified Retirement Plan and Trust (Bradford Funds Inc)

DISTRIBUTION PRIOR TO. FULL VESTING - If a distribution is made to a Participant who was not then fully Vested in his or her Individual Account derived from Employer Contributions and the Participant may increase his or her Vested percentage in his or her Individual Account, then the following rules shall apply: 1. a separate account will be established for the Participant's interest in the Plan as of the time of the distribution, and

Appears in 1 contract

Sources: Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Cornell Corrections Inc)