Old Money. Participants who do not complete an Hour of Service in a Plan Year beginning after December 31, 2006 shall be subject to the vesting schedule in effect on the day they terminated. Active Employees as of the first day of the first Plan Year beginning after December 31, 2006 may have all benefits that accrued prior to the first day of the first Plan Year beginning after December 31, 2006 (“old money”) to be subject to either the vesting schedule in effect prior to the amendment, or the new vesting schedule selected above. For active employees (select one):
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Samples: Contribution Plan and Trust (Triad Guaranty Inc), SXC Health Solutions Corp.
Old Money. Participants who do not complete an Hour of Service in a Plan Year beginning after December 31, . 2006 shall be subject to the vesting schedule in effect on the day they terminated. Active Employees as of the first day of the first Plan Year beginning after December 31, 2006 may have all benefits that accrued prior to the first day of the first Plan Year beginning after December 31, 2006 (“"old money”") to be subject to either the vesting schedule in effect prior to the amendment, or the new vesting schedule selected above. For active employees (select one):): ¨ (1) old money shall be subject to the old vesting schedule. ¨ (2) old money shall be subject to the new vesting schedule.
Appears in 1 contract
Samples: Books a Million Inc
Old Money. Participants who do not complete an Hour of Service in a Plan Year beginning after December 31, 2006 shall be subject to the vesting schedule in effect on the day they terminated. Active Employees as For active employees who complete an Hour of the first day of the first Plan Year Service beginning after December 31, 2006 may have all benefits that (select one): ¨ (a) Profit Sharing Contributions accrued prior to the first day of the first Plan Year plan year beginning after December 31, 2006 (“old money”) to shall be subject to either the old vesting schedule in effect schedule. ¨ (b) Profit Sharing Contributions accrued prior to the amendmentfirst day of the first plan year beginning after December 31, or 2006 (“old money”) shall be subject to the new vesting schedule selected above. For active employees (select one):schedule.
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Samples: Adoption Agreement (Aecom)
Old Money. Participants who do not complete an Hour of Service in a Plan Year beginning after December 31, 2006 shall be subject to the vesting schedule in effect on the day they terminated. Active Employees as of the first day of the first Plan Year beginning after December 31, 2006 may have all benefits that accrued prior to the first day of the first Plan Year beginning after December 31, 2006 (“old money”) to be subject to either the vesting schedule in effect prior to the amendment, or the new vesting schedule selected above. For active employees (select one):): ¨ (1) old money shall be subject to the old vesting schedule. ¨ (2) old money shall be subject to the new vesting schedule.
Appears in 1 contract
Samples: Non Standardized (Atlas America Inc)
Old Money. Participants who do not complete an Hour of Service in a Plan Year beginning after December 31, 2006 shall be subject to the vesting schedule in effect on the day they terminated. Active Employees as of the first day of the first Plan Year beginning after December 31, 2006 may have all benefits that accrued prior to the first day of the first Plan Year beginning after December 31, 2006 (“"old money”") to be subject to either the vesting schedule in effect prior to the amendment, or the new vesting schedule selected above. For active employees (select one):
Appears in 1 contract
Samples: Non Standardized (Colfax CORP)