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Common use of Missing Participants Clause in Contracts

Missing Participants. If a benefit is forfeited because the Participant or Beneficiary cannot be found, such benefit will be reinstated if a claim is made by the Participant or Beneficiary.

Appears in 3 contracts

Sources: Individual 401(k) Plan Purchase Agreement, Employer Sponsored Plan Account Agreement, Employer Sponsored Plan Account Agreement

Related Clauses

  • Participants
  • Eligible Participants
  • Rights of Participants
  • Multiple Individual Retirement Accounts
  • SIMPLE Individual Retirement Custodial Account

Parent Clauses

  • Plan Sponsors Responsibilities
  • Employee Contributions
  • Deductible Voluntary Employee Contributions
  • Plan Termination
  • Treatment of Alternate Payee

Sub-Clauses

  • Participation in Another Pre-Approved Plan
  • Participation in Another Defined Contribution Plan Which
  • No Participation in Another Qualified Plan
  • ATTEMPT TO CONTACT AND FORFEITURE OF BENEFIT
  • CONDITIONS FOR RESTORATION OF FORFEITED BENEFIT
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