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HomeMy WebLinkAbout2477 100$ vesting 13.04 If the contributing Participant shall, during any Plan Year, have the right pursuant to the ~ rules and regulations promulgated under the provisions of Paragraph 13.02, to withdraw his own contributions or any part thereof, the maxi- mum amount of any such withdrawal shall be the total contributions of such Participant or the portion of his Account attributable to such con- _ tributions, if less. He shall at all times be one hundred (100$) per cent vested in any incre- ment attributable to his own contributions, notwithstanding any other provisions of the Plan, and such amount shall remain in the Trust Fund and be distributable in accordance with Paragraph 13.05 hereof. - Payments to 13.05 Notwithstanding any other provisions of the Plan, terminated the contributing Participant shall be entitled to employees one hundred (100$) per cent of that portion of his Account attributable to his own contributions upon termination of employment for any reason. ; Distribution of such amount shall be made in lump ~ _ sum payment within a reasonable period of time ~ after the Valuation Date of the Plan Year in which ~ his employment terminated, except that in lieu of , such lump sum payment, the Participant may elect ~ to have such amount distributed to him in the same ~ manner as selected for the distribution of the ~ portion of his Account attributable to the Em- ~ ployer's contribution and forfeitures. ~ ~ ARTICLE XIV ~ LOS~ OF BENEFITS ~ ~ ~ ~ Determina- 14.01 The determination of the Trustees with respect ~ tion of the to any forfeitures of benefi~s in accordance Trustees are with the provisions of the Paragraph shall be ~ binding and binding and conclusive on all Participants, and ~ must be the Trustees shall advise any Participant af- ~ communicated fected thereby of the application of such pro- ~ to the visions and the effect thereof in writing. The ~ Participants Trustees shall apply the provisions of this Article in a uniform and non-discriminatory LL:~ The Trustees must manner and may waive the penalties for the acti- ~ be uniform and vities described herein if they ,determine there - non-discriminatory is only minimal damage risked or~experienced by in their decisions the Employer. . ~-t ~ni ~ 2 ~ ~ ~ ~f ~ _r. s 224 f~~~E 24~b _ - - - . F. ~ ~ ~ ~ ~~-~~w ~ . .s. _ . ~ . .