Examples of Employer Matching Account in a sentence
Each Participant’s Employer Matching Account is vested based on the schedule provided in the Adoption Agreement.
Any repayments of distributions by a Participant pursuant to 4.9 shall be credited to his Participant Contributions Account in the ratio that such earlier distributions reduced his Participant Contributions Account in relation to any earlier reduction in his Employer Matching Account.
The Employer Matching Account of each other Terminated Participant shall be entirely forfeited upon his Termination and shall be reinstated only if he again becomes a Participant before having incurred an Interruption of Service.
The Plan shall separately account for each Employer Matching Account and the interest factor credited to such Account.
Upon a Participant’s having completed 7 ½ years of Credited Service or upon his earlier Termination as a result of a Line of Duty Death, his Employer Matching Account shall be fully vested and non-forfeitable.