Common use of Change in Form or Timing of Distributions Clause in Contracts

Change in Form or Timing of Distributions. For distribution of benefits under Article 4, Participant may elect to delay the timing or change the form of distributions by submitting the appropriate Election Form(s) to the Plan Administrator. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by the Secretary; (b) must, for benefits payable under Section 4.1, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable under Sections 4.1, 4.2 and 4.4, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and (d) must take effect not less than twelve (12) months after the election is made.

Change in Form or Timing of Distributions. For distribution of benefits under this Article 4, Participant the Executive may elect to delay the timing or change the form of distributions by submitting the appropriate a Distribution Election Form(s) Form to the Plan Administrator. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by provided in Section 409A of the SecretaryCode and the regulations thereunder; (b) must, for benefits payable under Section 4.1, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable distributable under Sections 4.1, 4.2 4.2, and 4.44.3, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and; (dc) must take effect not less than twelve (12) months after the election is made; and (d) must be made twelve (12) months prior to the date the distributions are scheduled to be paid.

Change in Form or Timing of Distributions. For distribution of benefits under this Article 4, Participant the Director may elect amend this Agreement to delay the timing or change the form of distributions by submitting the appropriate Distribution Election Form(s) to the Plan Administrator. Any such electionsamendment: (a) may not accelerate the time or schedule of any distribution, except as allowed by provided in Section 409A of the SecretaryCode and the regulations thereunder; (b) must, for benefits payable distributable under Section 4.14.3, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable distributable under Sections 4.1, 4.2 4.2, 4.3 and 4.4, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and (d) must take effect not less than twelve (12) months after the election is made.

Change in Form or Timing of Distributions. For distribution of benefits under this Article 4, Participant the Director may elect to delay the timing or change the form of distributions by submitting the appropriate Distribution Election Form(s) to the Plan Administrator. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by provided in Section 409A of the SecretaryCode and the regulations thereunder; (b) must, for benefits payable under Section 4.1, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable under Sections 4.1, 4.2 4.2, 4.3 and 4.4, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and (d) must take effect not less than twelve (12) months after the election is made.

Change in Form or Timing of Distributions. For distribution of benefits under this Article 4, the Participant may elect to delay the timing or change the form of distributions by submitting the appropriate Distribution Election Form(s) to the Plan Administrator, provided however that no such election shall be permitted once distributions have commenced pursuant to this Article 4. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by provided in Section 409A of the SecretaryCode and the regulations thereunder; (b) must, for benefits payable distributable under Section 4.1, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable under Sections 4.1, 4.2 and 4.4, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and (dc) must take effect not less than twelve (12) months after the election is made.

Change in Form or Timing of Distributions. For distribution of benefits under this Article 4, Participant the Director may elect to delay the timing or change the form of distributions by submitting the appropriate Distribution Election Form(s) Form to the Plan Administrator. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by the Secretary;provided in Code Section 409A; HARVARD SAVINGS BANK Deferred Fee Agreement Beneficiary Designation Form (b) must, for benefits payable under Section 4.1, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable distributable under Sections 4.1, 4.2 4.2, 4.3 and 4.4, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and (dc) must take effect not less than twelve (12) months after the election amendment is made.

Change in Form or Timing of Distributions. For distribution of benefits under this Article 4, Participant the Executive may elect to delay the timing or change the form of distributions by submitting the appropriate Distribution Election Form(s) Form to the Plan Administrator. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by the Secretaryprovided in Code Section 409A; (b) must, for benefits payable distributable under Section 4.1Sections 4.2 and 4.3, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable distributable under Sections 4.1, 4.2 and 4.4, 4.3 delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and (d) must take effect not less than twelve (12) months after the election amendment is made.

Change in Form or Timing of Distributions. For distribution of benefits under Article 4Section 4.1, Participant the Director may elect to delay the timing or change the form of distributions by submitting the appropriate Distribution Election Form(s) Forms to the Plan Administrator. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by provided in Section 409A of the SecretaryCode and the regulations thereunder; (b) must, for benefits payable under Section 4.1, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable under Sections 4.1, 4.2 and 4.4, must delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and (dc) must take effect not less than twelve (12) months after the election is made.

Change in Form or Timing of Distributions. For distribution of benefits under Article 4, Participant the Director may elect to delay the timing or change the form of distributions by submitting the appropriate Election Form(s) to the Plan Administrator. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by the Secretary; (b) must, for benefits payable under Section 4.1, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable under Sections 4.1, 4.2 and 4.4, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and (d) must take effect not less than twelve (12) months after the election is made.

Change in Form or Timing of Distributions. For distribution of benefits under this Article 4, Participant the Executive may elect to delay the timing or change the form of distributions by submitting the appropriate a Distribution Election Form(s) Font.’ to the Plan Administrator. Any such elections: (a) may not accelerate the time or schedule of any distribution, except as allowed by provided in Section 409A of the SecretaryCode and the regulations thereunder; (b) must, for benefits payable under Section 4.1, be made at least twelve (12) months prior to the first scheduled distribution; (c) must, for benefits payable distributable under Sections 4.1, 4.2 4.2, and 4.44.3, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and; (dc) must take effect not less than twelve (12) months after the election is made; and (d) must be made twelve (12) months prior to the date the distributions are scheduled to be paid.