Common use of De Minimis Cashouts Clause in Contracts

De Minimis Cashouts. The Plan does / does not (check one) require that Accounts valued at $5,000 or less be automatically distributed after a Participant’s Severance from Employment. If the Plan requires that Accounts valued at $5,000 or less be distributed, when determining the value of a Participant’s Account, a Participant’s Rollover Contributions and earnings on these Rollover Contributions will / will not (check one if Accounts of $5,000 must be distributed) be counted in determining whether an Account’s value is more than $5,000.