De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if the payment accompanies the termination of the Participant’s entire interest in the Plan and the amount of such payment does not exceed $10,000.
Appears in 4 contracts
Samples: Executive Nonqualified Excess Plan Adoption Agreement (Gladstone Capital Corp), Executive Nonqualified Excess Plan Adoption Agreement (Nobel Learning Communities Inc), Executive Nonqualified Excess Plan Adoption Agreement (QC Holdings, Inc.)
De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if the payment accompanies the termination of the Participant’s entire interest in the Plan and the amount of such payment does not exceed $10,00050,000.
Appears in 3 contracts
Samples: Adoption Agreement (Steris Corp), Adoption Agreement (Sandridge Energy Inc), Adoption Agreement (Steris Corp)
De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if the payment accompanies the termination of the Participant’s 's entire interest in the Plan and the amount of such payment does not exceed $10,00025,000.
Appears in 1 contract
Samples: Executive Nonqualified Excess Plan Adoption Agreement (Meadowbrook Insurance Group Inc)
De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if the payment accompanies the termination of the Participant’s entire interest in the Plan and the amount of such payment does not exceed $10,000$ 50,000.
Appears in 1 contract
Samples: Executive Nonqualified Excess Plan Adoption Agreement (Semtech Corp)
De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if the payment accompanies the termination of the Participant’s 's entire interest in the Plan and the amount of such payment does not exceed $10,000.
Appears in 1 contract
De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if the payment accompanies the termination of the Participant’s entire interest in the Plan and the amount of such payment does not exceed $10,000$ 25,000.
Appears in 1 contract
Samples: Executive Nonqualified Excess Plan Adoption Agreement (Synplicity Inc)
De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if the payment accompanies the termination of the Participant’s entire interest in the Plan and the amount of such payment does not exceed $$ 10,000.
Appears in 1 contract
Samples: Option Agreement (Proassurance Corp)
De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if at the payment accompanies the termination of the Participant’s entire interest in time designated under the Plan and if at the amount time of such payment a permitted Qualifying Distribution Event the vested balance does not exceed $10,00015,000.
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De Minimis Amounts. Notwithstanding any payment election made by the Participant, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if the payment accompanies the termination of the Participant’s 's entire interest in the Plan and the amount of such payment does not exceed $$ 10,000.
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