Common use of BENEFIT UPON NORMAL OR EARLY RETIREMENT Clause in Contracts

BENEFIT UPON NORMAL OR EARLY RETIREMENT. Every Participant who has reached Normal (or Early) Retirement Age will be entitled upon subsequent Termination of Employment with the Employer to receive his or her Vested Aggregate Account balance determined as of the most recent Valuation Date coinciding with or immediately preceding the date of distribution. Distribution will be made under Section 5.1.

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Littelfuse Inc /De), 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)

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BENEFIT UPON NORMAL OR EARLY RETIREMENT. Every Participant who has reached Normal Retirement Age (or Early) Retirement Age Age) and who does not remain employed by the Employer will be entitled upon subsequent Termination termination of Employment with the Employer employment to receive his or her Vested Aggregate Account balance determined as of the most recent Valuation Date coinciding with or immediately preceding the date of distribution. Distribution will be made under Section 5.1.

Appears in 2 contracts

Samples: Employee Stock Ownership Plan & Trust (Picis Inc), Employee Stock Ownership Plan & Trust (Picis Inc)

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