Common use of Forfeiture Break Clause in Contracts

Forfeiture Break. The Participant has incurred a Forfeiture Break in Service. This condition also applies if the Participant makes repayment within the Plan Year in which he/she incurs the Forfeiture Break in Service and that Forfeiture Break in Service would result in a complete forfeiture of the amount the Plan Administrator otherwise would restore.

Appears in 2 contracts

Samples: Plan and Trust Agreement (Bob Evans Farms Inc), Plan and Trust Agreement (Finisar Corp)

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Forfeiture Break. The Participant has incurred a Forfeiture Break in Service. This condition also applies if the Participant makes repayment within the Plan Year in which he/she incurs the Forfeiture Break in Service and that Forfeiture Break in Service would result in a complete forfeiture of the amount the Plan Administrator otherwise would restore.. Defined Contribution Prototype Plan

Appears in 2 contracts

Samples: Adoption Agreement (Knowles Corp), Participation Agreement (Nci Building Systems Inc)

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