Cash-Out of Small Amounts. (1) Value of Account Balance to be Cashed-Out (select one): (a) If the value of the Participant’s nonforfeitable Account Balance as so determined is $5000 (not to exceed $5,000) or less, the Plan shall distribute the Participant’s entire nonforfeitable Account Balance. (b) The Plan shall not distribute the Participant’s nonforfeitable Account Balance until such time as the Participant requests a distribution.
Appears in 1 contract
Samples: Adoption Agreement (Aecom)
Cash-Out of Small Amounts. (1) Value of Account Balance to be Cashed-Out (select one):
(a) If the value of the Participant’s nonforfeitable Account Balance as so determined is $5000 5,000.00 (not to exceed $5,000) or less, the Plan shall distribute the Participant’s entire nonforfeitable Account Balance.
. ¨ (b) The Plan shall not distribute the Participant’s nonforfeitable Account Balance until such time as the Participant requests a distribution.
Appears in 1 contract
Samples: 401(k) Profit Sharing Plan Adoption Agreement (Atlas America Inc)
Cash-Out of Small Amounts. (1) Value of Account Balance to be Cashed-Out (select one):
(a) If the value of the Participant’s 's nonforfeitable Account Balance as so determined is $5000 (not 5,000.00(not to exceed $5,000) or less, the Plan shall distribute the Participant’s 's entire nonforfeitable Account Balance.
. ¨ (b) The Plan shall not distribute the Participant’s 's nonforfeitable Account Balance until such time as the Participant requests a distribution.
Appears in 1 contract
Samples: 401(k) Profit Sharing Plan Adoption Agreement (Colfax CORP)
Cash-Out of Small Amounts. (1) Value of Account Balance to be Cashed-Out (select one):
(a) If the value of the Participant’s nonforfeitable Account Balance as so determined is $5000 5,000.00 (not to exceed $5,000) or less, the Plan shall distribute the Participant’s entire nonforfeitable Account Balance.
(b) The Plan shall not distribute the Participant’s nonforfeitable Account Balance until such time as the Participant requests a distribution.
Appears in 1 contract
Samples: Defined Contribution Plan and Trust (Triad Guaranty Inc)