Effect of Break in Service. In the event a Participant, or an Employee who was not a Participant, incurs a Break in Service, the following provisions shall apply to his participation in the Plan: (a) A Participant shall remain a Participant until such time as he incurs a Break in Service; (b) In the case of an Employee who was a Participant when he incurred a Break in Service, he will again be considered a Participant on the date he completes one Hour of Service after the Break in Service; and (c) If an Employee who is not a Participant has a Break in Service, he must satisfy the eligibility requirements of Section 2.1 for participation as if he were a new Employee whose Employment commenced on the first date that he completed an Hour of Service after the last date of the computation period in which the Break in Service occurred, provided that his earlier period of service will be counted if his Break in Service period does not equal or exceed five years.
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Sources: Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp), Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp)