Common use of Automatic Joint And Survivor Annuity And Early Survivor Annuity Clause in Contracts

Automatic Joint And Survivor Annuity And Early Survivor Annuity. Any Participant who has elected pursuant to paragraph 8.8(b) and any Participant who does not elect under paragraph 8.8 (a) or who meets the requirements of paragraph 8.8(a), except that such Participant does not have at least 10 years of vesting Service when he or she separates from Service, shall have his or her benefits distributed in accordance with all of the following requirements if benefits would have been payable in the form of a life annuity.

Appears in 11 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), Adoption Agreement (Shared Technologies Cellular Inc), 401(k) Plan Document (Inventa Technologies Inc)

AutoNDA by SimpleDocs

Automatic Joint And Survivor Annuity And Early Survivor Annuity. Any Participant who has elected pursuant to paragraph 8.8(b) and any Participant who does not elect under paragraph 8.8 (a8.8(a) or who meets the requirements of paragraph 8.8(a), except that such Participant does not have at least 10 ten (10) years of vesting Service when he or she separates from Service, shall have his or her benefits distributed in accordance with all of the following requirements if benefits would have been payable in the form of a life annuity.annuity in accordance with all of the following requirements:

Appears in 2 contracts

Samples: Defined Contribution Plan, Adoption Agreement (Sterling Chemicals Inc)

AutoNDA by SimpleDocs

Automatic Joint And Survivor Annuity And Early Survivor Annuity. Any Participant who has elected pursuant to paragraph 8.8(b) and any Participant who does not elect under paragraph 8.8 (a8.8(a) or who meets the requirements of paragraph 8.8(a), except that such Participant does not have at least 10 ten (10) years of vesting Service when he or she separates from Service, shall have his or her benefits distributed in accordance with all of the following requirements if benefits ben­efits would have been payable in the form of a life annuity.annuity in accordance with all of the following requirements:

Appears in 1 contract

Samples: Defined Contribution Plan (1st Constitution Bancorp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!