Common use of Restated Plan Clause in Contracts

Restated Plan. A Restated Plan means a plan the Employer adopts in substitution for, and in amendment of, an existing plan, as the Employer elects in its Adoption Agreement. If a Participant incurs a Separation from Service or Severance from Employment before the Employer executes the Adoption Agreement as a Restated Plan, the provisions of the Restated Plan do not apply to the Participant unless he/she has an Account Balance as of the execution date or unless the Employer rehires the Participant.

Appears in 4 contracts

Samples: Plan and Trust Agreement (Bob Evans Farms Inc), Adoption Agreement (Knowles Corp), Participation Agreement (Nci Building Systems Inc)

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Restated Plan. A Restated Plan means a plan the Employer adopts in substitution for, and in amendment of, an existing plan, as the Employer elects in its Adoption Agreement. If a Participant incurs a Separation from Service or Severance from Employment before the Employer executes the Adoption Agreement The provisions of this Plan, as a Restated Plan, apply solely to an Employee whose employment with the provisions Employer terminates on or after the restated Effective Date of the Restated Plan do not apply to Plan, except as otherwise set forth in the Participant unless he/she has an Account Balance as of the execution date or unless the Employer rehires the Participant.Adoption Agreement. [Reserved]

Appears in 1 contract

Samples: willamette.edu

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