Common use of Change in Form of Benefit Payments Clause in Contracts

Change in Form of Benefit Payments. Any former Employee whose payments are being deferred or who is receiving installment payments may request acceleration or other modification of the form of benefit distribution, subject to Code Section 401(a)(9), provided that any necessary consent to such change required pursuant to Section 6.2.4 is obtained from the Employee's Spouse. This Section 6.3 shall not apply to any Employee who becomes a Participant on or after January 1, 1989 or to Plans adopted after that date.

Appears in 7 contracts

Samples: Adoption Agreement (Tca Cable Tv Inc), Adoption Agreement (Gadzooks Inc), Adoption Agreement (Sterling Financial Corp /Wa/)

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Change in Form of Benefit Payments. Any former Employee whose payments are being deferred or who is receiving installment payments may request acceleration acceleration, including a single sum payment of his or her vested Account Balance, or other modification of the form of benefit distribution, subject to Code Section 401(a)(9)) and Section 5.11, provided that any necessary consent to such change required pursuant under Section 6.2.3 (to Section 6.2.4 the extent applicable) is obtained from the Employee's ’s Spouse. This Section 6.3 shall not apply to any Employee who becomes a Participant on or after January 1, 1989 or to Plans adopted after that date.

Appears in 3 contracts

Samples: Non Standardized (Atlas America Inc), Contribution Plan and Trust (Triad Guaranty Inc), Comstock Resources Inc

Change in Form of Benefit Payments. Any former Employee whose payments are being deferred or who is receiving installment payments may request acceleration or other modification of the form of benefit distribution, subject to Code Section 401(a)(9410(a)(9), provided that any necessary consent to such change required pursuant to Section 6.2.4 is obtained from the Employee's Spouse. This Section 6.3 shall not apply to any Employee who becomes a Participant on or after January 1, 1989 or to Plans adopted after that date.

Appears in 1 contract

Samples: Adoption Agreement (Innerdyne Inc)

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Change in Form of Benefit Payments. Any former Employee whose payments are being deferred or who is receiving installment payments may request acceleration or other modification of the form of benefit distribution, subject to Code Section 401(a)(9), provided that any necessary consent to such change required pursuant to Section 6.2.4 is obtained from the Employee's Spouse. This Section 6.3 shall not apply to any Employee who becomes a Participant on or after January 1, 1989 or to Plans adopted after that date.the

Appears in 1 contract

Samples: White Mountains Insurance Group Inc

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