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Common use of Modified QPSA benefit Clause in Contracts

Modified QPSA benefit. Instead of a 50% QPSA benefit, the QPSA benefit is 100% of the Participant’s vested Account Balance.

Appears in 11 contracts

Sources: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement, Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\)

Modified QPSA benefit. Instead of a 50% QPSA benefit, the QPSA benefit is 100% of the Participant’s 's vested Account Balance.

Appears in 3 contracts

Sources: 401(k) Plan Adoption Agreement (Allegiant Travel CO), 401(k) Plan Adoption Agreement (Books a Million Inc), 401(k) Plan Adoption Agreement (Peoples Holding Co)

Related Clauses

  • Accrued Benefit
  • Retirement Benefit
  • Death Benefit
  • Supplemental Retirement Benefit
  • Disability Benefit

Parent Clauses

  • Special Rules Regarding Cash Out Distributions
  • Timing of forfeitures
  • PLAN DEFINITIONS
  • Highly Compensated Employee
  • Maternity/paternity leave

Sub-Clauses

  • Substitution of sponsor
  • Operating rules
  • New Plan
  • Discretionary Trustee
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