Common use of Commencement of Distributions Clause in Contracts

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15, 2004, provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15, 2004. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 3 contracts

Samples: Compensation Agreement (Miix Group Inc), Compensation Agreement (Miix Group Inc), Compensation Agreement (Miix Group Inc)

AutoNDA by SimpleDocs

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15March ___, 20042007, providedPROVIDED, howeverHOWEVER, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15March ___, 20042007. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his his/her benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 2 contracts

Samples: Compensation Agreement (Miix Group Inc), Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December January 15, 2004, 2004 provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December January 15, 2004. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 2 contracts

Samples: Compensation Agreement (Miix Group Inc), Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15March 1, 20042005, provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15March 1, 20042005. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his her benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15, 2004, provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15, 2004. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his her benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15March 1, 20042005, provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15March 1, 20042005. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his his/her benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15March 19, 20042007, providedPROVIDED, howeverHOWEVER, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15March 19, 20042007. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his his/her benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 1518, 20042007, provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 1518, 20042002. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his his/her benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Compensation Agreement (Miix Group Inc)

AutoNDA by SimpleDocs

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December January 15, 2004, 2004 provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December January 15, 2004. In such event, Plan benefits shall commence within 60 days after such separation from service. : Notwithstanding the foregoing, if Participant dies prior to the time his benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15October 31, 20042006, providedPROVIDED, howeverHOWEVER, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15October 31, 20042006. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his his/her benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15, 2004, provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15, 2004. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his his/her benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Compensation Agreement (Miix Group Inc)

Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15August 20, 20042006, provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15August 20, 20042006. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.

Appears in 1 contract

Samples: Stock Purchase and Loan Agreement (Miix Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.