Common use of Reentry Clause in Contracts

Reentry. If a former Participant either (a) had a nonforfeitable right to all or a portion of his or her Employer Contribution Account at the time of termination from Service or (b) did not have any nonforfeitable right to his or her Employer Contribution Account but does not have Service prior to the break in Service disregarded by operation of Section 3.02(b) or (e) hereof, such former Participant shall become a Participant immediately upon return to the employ of the Employer as a member of an eligible class of Employees.

Appears in 3 contracts

Sources: Scudder Flexi Plan Agreement (Scudder Portfolio Trust/), Scudder Flexi Plan Agreement (Scudder Equity Trust), Scudder Flexi Plan Agreement (Scudder Investment Trust)