Common use of Commencement of Benefits Clause in Contracts

Commencement of Benefits. (a) Unless the Participant elects otherwise, distribution of benefits will begin no later than the sixtieth day after the close of the Plan Year in which the latest of the following events occurs: (1) the Participant attains age sixty-five (65) (or Normal Retirement Age if earlier), (2) the tenth anniversary of the year in which the Participant commenced participation in the Plan, or (3) the Participant terminates Service with the Employer. (b) Notwithstanding the foregoing, the failure of a Participant and Spouse (if necessary) to consent to a distribution while a benefit is immediately distributable within the meaning of paragraph 6.6 hereof, shall be deemed an election to defer commencement of payment of any benefit sufficient to satisfy this paragraph.

Commencement of Benefits. (aA) Unless the Participant elects otherwise, distribution of benefits will begin no later than the sixtieth 60th day after the close of the Plan Year in which the latest of the following events occurs: (1) the The Participant attains age sixty-five (65) 65 (or Normal Retirement Age normal retirement age if earlier), (2) the tenth The 10th anniversary of the year in which the Participant commenced participation in the Plan, or (3) the The Participant terminates Service with the Employer. (bB) Notwithstanding the foregoing, the failure of a Participant and Spouse (if necessary) to consent to a distribution while a benefit is immediately distributable distributable, within the meaning of paragraph 6.6 6.4 hereof, shall be deemed an election to defer commencement of payment of any benefit sufficient to satisfy this paragraph.

Commencement of Benefits. (a) Unless the Participant elects otherwise, distribution of benefits will begin no later than as soon as is reasonably practicable after the sixtieth day after latest of the close of the Plan Year in which the latest of the following events occurswhich: (1i) the The Participant attains age sixty-five (65) (or Normal Retirement Age Age, if earlier),; (2ii) the tenth 10th anniversary of the year in which the Participant commenced participation in the Plan, Plan occurs; or (3iii) the Participant terminates Service terminated service with the Employer. (b) Notwithstanding the foregoing, the failure of a Participant and Spouse (if necessary) to consent to a distribution while a benefit is immediately distributable distributable, within the meaning of paragraph 6.6 hereofSection 9.2 of the Plan, shall be deemed to be an election to defer commencement of payment of any benefit sufficient to satisfy this paragraphSection.

Commencement of Benefits. (a) Unless the Participant elects otherwise, distribution of benefits will begin no later than the sixtieth day after the close of the Plan Year in which the latest of the following events occurs: (1a) the Participant attains age sixty-five (65) (or Normal Retirement Age if earlier), (2b) the tenth anniversary of the year in which the Participant commenced participation in the Plan, or (3c) the Participant terminates Service with the Employer. (b) . Notwithstanding the foregoing, the failure of a Participant and Spouse (if necessary) to consent to a distribution while a benefit is immediately distributable within the meaning of paragraph 6.6 hereof, shall be deemed an election to defer commencement of payment of any benefit sufficient to satisfy this paragraph.