Common use of Transitional Rules Clause in Contracts

Transitional Rules. Any living Member not receiving benefits on August 23, 1984, who would otherwise not receive the benefits prescribed by the previous sections of this article, must be given the opportunity to elect to have the prior sections of this article apply if such Member is credited with at least one Hour of Service under this Plan, or a predecessor plan, in a Plan Year beginning on or after January 1, 1976, and such Member had at least ten Years of Service when he separated from service.

Appears in 2 contracts

Sources: 401(k) Profit Sharing Plan Adoption Agreement (First Financial Northwest, Inc.), 401(k) Profit Sharing Plan (Community Bancorp)

Transitional Rules. Any living Member Participant not receiving benefits on August 23, 1984, who would otherwise not receive the benefits prescribed by the previous sections Sections of this article, the Article must be given the opportunity to elect to have the prior sections Sections of this article Article apply if such Member Participant is credited with at least one (1) Hour of Service under this Plan, Plan or a predecessor plan, plan in a Plan Year beginning on or after January 1, 1976, and such Member had Participant has at least ten Years (10) years of Service vesting service when he or she separated from service.

Appears in 1 contract

Sources: Adoption Agreement (Eureka Financial Corp.)

Transitional Rules. Any living Member Participant not receiving benefits on August 23, 1984, who would otherwise not receive the benefits prescribed by the previous sections of this article, must be given the opportunity to elect to have the prior sections of this article apply if such Member Participant is credited with at least one Hour of Service under this Plan, or a predecessor plan, in a Plan Year beginning on or after 82 January 1, 1976, and such Member Participant had at least ten Years of Service when he separated from service.

Appears in 1 contract

Sources: Basic Savings Plan (Penske Automotive Group, Inc.)

Transitional Rules. Any living Member Participant not receiving benefits on August 23, 1984, who would otherwise not receive the benefits prescribed by the previous sections Sections of this article, Article must be given the opportunity to elect to have the prior sections Sections of this article Article apply if such Member Participant is credited with at least one Hour hour of Service service under this Plan, Plan or a predecessor plan, plan in a Plan Year beginning on or after January 1, 1976, and such Member Participant had at least ten Years 10 years of Service vesting service when he or she separated from service.

Appears in 1 contract

Sources: Adoption Agreement (Cardinal Health Inc)