Common use of Benefit Accruals Clause in Contracts

Benefit Accruals. If elected by the Employer in the Adoption Agreement, for benefit accrual purposes, a Participant who dies or suffers a Disability on or after January 1, 2007, and while performing qualified military service, is treated as if the Participant had resumed employment in accordance with the Participant’s reemployment rights under federal law on the day preceding death or Disability, as the case may be, and terminated employment on the actual date of death or Disability. All such Participants performing qualified military service who die or become disabled as a result of performing qualified military service prior to reemployment by the Employer shall be credited with service and benefits on reasonably equivalent terms.

Benefit Accruals. If elected by the Employer in the Adoption Agreement, for benefit accrual purposes, a Participant who dies or suffers a Disability on or after January 1, 2007, and while performing qualified military service, is treated as if the Participant had resumed employment in accordance with the Participant’s reemployment rights under federal law on the day preceding death or Disability, as the case may be, and terminated employment on the actual date of death or Disability. All such Participants performing qualified military service who die or become disabled as a result of performing qualified military service prior to reemployment by the Employer shall be credited with service and benefits on reasonably equivalent terms.”