Common use of Consent to Distribution Clause in Contracts

Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.04. Any such consent shall be valid only if given not more than 90 days prior to the Participant's or former Participant's Annuity Starting Date and after his receipt of the notice regarding benefits described in Section 5.09(a).

Appears in 3 contracts

Samples: Quanex Corp, Quanex Corp, Quanex Corp

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Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age 65 without his consent, unless the benefit is payable immediately under Section 5.04. Any such consent shall be valid only if given not more than 90 days prior to the Participant's ’s or former Participant's Annuity Starting ’s Benefit Commencement Date and after his receipt of the notice regarding benefits described in Section 5.09(a5.08(a).

Appears in 1 contract

Samples: Quanex Corporation Employees (Quanex Corp)

Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.04. Any such consent shall be valid only if given not more than 90 days prior to the Participant's or former Participant's Annuity Starting Benefit Payment Date and after his receipt of the notice regarding benefits described in Section 5.09(a5.08(a).

Appears in 1 contract

Samples: Quanex Corp

Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.04. Any such consent shall be valid only if given not more than 90 days prior to the Participant's ’s or former Participant's ’s Annuity Starting Date and after his receipt of the notice regarding benefits described in Section 5.09(a5.08(a).

Appears in 1 contract

Samples: Quanex Corporation Employee Savings Plan (Quanex Corp)

Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.045.05. Any such consent shall be valid only if given not more than 90 days prior to the Participant's or former Participant's Annuity Starting Date and after his receipt of the notice regarding benefits described in Section 5.09(a5.10(a).

Appears in 1 contract

Samples: Quanex Corp

Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.045.05. Any such consent shall be valid only if given not more than 90 days prior to the Participant's ’s or former Participant's ’s Annuity Starting Date and after his receipt of the notice regarding benefits described in Section 5.09(a5.10(a).

Appears in 1 contract

Samples: Quanex Corp

Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.04. Any such consent shall be valid only if given not more than 90 days prior to the Participant's ’s or former Participant's Annuity Starting ’s Benefit Payment Date and after his receipt of the notice regarding benefits described in Section 5.09(a5.08(a).

Appears in 1 contract

Samples: Plan for Hourly Employees (Quanex Corp)

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Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.045.05. Any such consent shall be valid only if given not more than 90 days prior to the Participant's or former Participant's Annuity Starting Benefit Payment Date and after his receipt of the notice regarding benefits described in Section 5.09(a).

Appears in 1 contract

Samples: Quanex Corp

Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.04. Any such consent shall be valid only if given not more than 90 days prior to the Participant's ’s or former Participant's ’s Annuity Starting Date and after his receipt of the notice regarding benefits described in Section 5.09(a).

Appears in 1 contract

Samples: Quanex Corp

Consent to Distribution. Notwithstanding any other provision of the Plan, no benefit shall be distributed or commence to be distributed to a Participant or former Participant prior to his attainment of the later of age 62 or Retirement Age without his consent, unless the benefit is payable immediately under Section 5.04. Any such consent shall be valid only if given not more than 90 days prior to the Participant's ’s or former Participant's Annuity Starting ’s Benefit Payment Date and after his receipt of the notice regarding benefits described in Section 5.09(a5.07(a).

Appears in 1 contract

Samples: Agreement (Quanex Corp)

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