Common use of Cash-Out of Small Amounts Clause in Contracts

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)

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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)

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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)

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