Common use of Timing of Forfeitures Clause in Contracts

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b). 🞎 A forfeiture will occur upon the completion of consecutive Breaks in Service (as defined in Section 7.07(a) of the Plan).

Appears in 5 contracts

Sources: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a7.10(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b9(b). 🞎 A forfeiture will occur upon the completion of[cannot exceed 5] consecutive Breaks in Service (as defined in Section 7.07(a) of the Plan).

Appears in 3 contracts

Sources: Volume Submitter Money Purchase Plan Adoption Agreement, Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement, 401(k) Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a7.10(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b9(b). 🞎 A forfeiture will occur upon the completion of[cannot exceed 5] consecutive Breaks in Service (as defined in Section 7.07(a) of the Plan).

Appears in 2 contracts

Sources: 401(k) Plan Adoption Agreement, Volume Submitter Money Purchase Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a7.12(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b). 🞎 A forfeiture will occur upon the completion of[cannot exceed 5] consecutive Breaks in Service (as defined in Section 7.07(7.09(aa) of the Plan).

Appears in 1 contract

Sources: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a6.10(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b8(b). 🞎 A forfeiture will occur upon the completion of consecutive Breaks in Service (as defined in Section 7.07(a)6.08 of the Plan).

Appears in 1 contract

Sources: Pension Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a7.10(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b). 🞎¨ A forfeiture will occur upon the completion of[cannot exceed 5] consecutive Breaks in Service (as defined in Section 7.07(a) of the Plan).

Appears in 1 contract

Sources: 403(b) Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a6.10(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b8(b). 🞎 A forfeiture will occur upon the completion of consecutive Breaks in Service (as defined in Section 7.07(a)6.08 of the Plan).

Appears in 1 contract

Sources: Pension Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a7.10(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b). 🞎 A forfeiture will occur upon the completion of[cannot exceed 5] consecutive Breaks in Service (as defined in Section 7.07(a) of the Plan).

Appears in 1 contract

Sources: 403(b) Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a7.12(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b). 🞎¨ A forfeiture will occur upon the completion of[cannot exceed 5] consecutive Breaks in Service (as defined in Section 7.07(7.09(aa) of the Plan).

Appears in 1 contract

Sources: Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.)

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a6.10(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b8(b). 🞎🗹 A forfeiture will occur upon the completion of0 consecutive Breaks in Service (as defined in Section 7.07(a)6.08 of the Plan).

Appears in 1 contract

Sources: Nonstandardized Governmental Money Purchase Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a Cash-Out Distribution (as defined in Section 7.09(a) of the Plan) is treated as having an immediate forfeiture of his/her nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a Cash-Out Distribution, complete this AA §8-7(b). 🞎 A forfeiture will occur upon the completion of consecutive Breaks in Service (as defined in Section 7.07(a) of the Plan).

Appears in 1 contract

Sources: Volume Submitter Governmental 403(b) Plan Adoption Agreement

Timing of Forfeitures. A Participant who receives a an Involuntary Cash-Out Distribution (as defined described in Section 7.09(a) of the PlanAA §9-4(a)) is treated as having an immediate forfeiture of his/her such Participant’s nonvested Account Balance. To modify the forfeiture timing rules to delay the occurrence of a forfeiture upon a an Involuntary Cash-Out Distribution, complete this AA §8-7(b). 🞎 A forfeiture will occur uponat the completion of consecutive Breaks in Service (as defined in Section 7.07(a)end of the Planyear following the Involuntary Cash-Out Distribution).

Appears in 1 contract

Sources: 457(b) Plan Adoption Agreement