Common use of Special Vesting Schedule Clause in Contracts

Special Vesting Schedule. If the Trustee makes a distribution (other than a cash-out distribution described in Section 5.04) to a partially-vested Participant, and the Participant has not incurred a Forfeiture Break in Service at the relevant time, the Advisory Committee will establish a separate Account for the Participant's Accrued Benefit. At any relevant time following the distribution, the Advisory Committee will determine the Participant's Nonforfeitable Accrued Benefit derived from Employer contributions in accordance with the following formula: P(AB + (R x D)) - (R x D).

Appears in 1 contract

Samples: Stock Ownership Plan and Trust Agreement (Exigent International Inc)

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Special Vesting Schedule. If the Trustee makes a distribution (other than a cash-out distribution described in Section 5.04) to a partially-vested Vested Participant, and the Participant has not incurred a Forfeiture Break in Service at the relevant time, the Advisory Committee Plan Administrator will establish a separate Account for the Participant's Accrued BenefitAccount Balance. At any relevant time following the distribution, the Advisory Committee Plan Administrator will determine the Participant's Nonforfeitable Accrued Benefit Vested Account Balance derived from Employer contributions in accordance with the following formula: P(AB + (R x D)) - (R x DP(AB+(RxD))-(RxD).

Appears in 1 contract

Samples: Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)

Special Vesting Schedule. If the Trustee makes a distribution (other than a cash-out distribution described in Section 5.04) to a partially-vested Participant, and the Participant has not incurred a Forfeiture Break in Service at the relevant time, the Advisory Committee will may, but need not, establish a separate Account for the Participant's Accrued Benefit. At any relevant time following the distribution, the Advisory Committee will determine the Participant's Nonforfeitable Accrued Benefit derived from Employer contributions in accordance with the following formula: P(AB + (R x D)) - (R x D).

Appears in 1 contract

Samples: And Trust Agreement (Millers Mutual Fire Insurance Co)

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Special Vesting Schedule. If the Trustee makes a distribution (other than a cash-out distribution described in Section 5.046.04) to a partially-vested Vested Participant, and the Participant has not incurred a Forfeiture Break in Service at the relevant time, the Advisory Committee Plan Administrator will establish a separate Account for the Participant's Accrued BenefitAccount Balance. At any relevant time following the distribution, the Advisory Committee Plan Administrator will determine the Participant's Nonforfeitable Accrued Benefit Vested Account Balance derived from Employer Company contributions in accordance with the following formula: P(AB + (R R) x D)) - (R R) x D).

Appears in 1 contract

Samples: Stock Ownership Plan and Trust Agreement (Caseys General Stores Inc)

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