Common use of Plan Document Clause in Contracts

Plan Document. In the event an active plan participant dies prior to satisfying the vesting requirements set forth in this Article, they will become 100% vested immediately for the buyout retirement plan benefit. The deceased Employee’s 401(a) buyout plan account shall be distributable to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made.

Appears in 4 contracts

Sources: Master Contract, Master Contract, Master Contract