Common use of Vested Benefits Clause in Contracts

Vested Benefits. Nothing herein shall deprive Employee of any vested benefits that Employee has in the Jacobs' Section 401(k) or other employee benefit plan. Employee cannot withdraw or transfer funds in the 401(k) plan until after the Retirement Date, except as may be otherwise permitted under the terms of that plan.

Vested Benefits. Nothing herein shall deprive Employee of any vested benefits that Employee has in the any Jacobs' Section 401(k) plan or other employee benefit planplans. Employee cannot withdraw or transfer funds in the any Jacobs’ 401(k) plan plans until after the Retirement DateEmployee’s termination of employment date, except as may be otherwise permitted under the terms of that planany applicable plan in which Employer participates.