Forfeiture. Except as provided in [Section 5.3], a Participant shall forfeit nonvested amounts credited to the Participant’s Stifel Deferral, Matching Credit and Other Deferral Accounts upon Termination of Employment before Normal Retirement Age before such Accounts vest in accordance with [Section 5.2], subject to restoration of forfeitures upon re-employment as provided in [Section 5.5].

Notwithstanding anything to the contrary herein, if a Participant shall forfeit nonvestedor Former Participant incurs a Termination of Employment for Cause, at any time before the Stifel Deferral, Matching Credit or Other Deferral Accounts of such Participant is paid to him, all amounts credited to the Participant’s Stifel Deferral, Matching Credit andor Other Deferral Accounts upon Terminationshall be forfeited, regardless of Employment before Normal Retirement Age beforewhether such Accounts vest in accordance with [Section 5.2], subject to restoration of forfeitures upon re-employment as provided in [Section 5.5].amount is vested.

Effective ​, a Participant shall forfeit nonvested amounts credited to the Participant’s Stifel Deferral,Deferral Accounts, Matching Credit Accounts and Otherother Deferral Accounts uponof Participants who had not attained Normal Retirement Age as of ​ shall not be forfeited merely because of Termination of Employment before Normal Retirement Age before such Accounts vest, but shall vest on the normal vesting date prescribed in accordance with [Section 5.2], subject to restoration of forfeitures upon re-employmentprovided that the Participant or Former Participant does not engage in a Competitive Activity or a Soliciting Activity, as provideddefined in [Section 5.5]4], until such time. This subsection # shall not apply to Accounts established on or after ​.