Common use of DETERMINATION OF BENEFITS IN EVENT OF DISABILITY Clause in Contracts

DETERMINATION OF BENEFITS IN EVENT OF DISABILITY. In the event of a Participant's Total and Permanent Disability prior to the Participant's Retirement Date or other termination of employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, become fully Vested. In the event of a Participant's Total and Permanent Disability, the Administrator, in accordance with the provisions of Sections 6.5 and 6.7, shall direct the distribution to such Participant of the entire Vested interest in the Plan.

Appears in 3 contracts

Samples: Adoption Agreement (MSC Software Corp), Non Standardized 401(k) Profit Sharing Plan (Aceto Corp), 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)

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DETERMINATION OF BENEFITS IN EVENT OF DISABILITY. In the event of a Participant's Total and Permanent Disability prior to the Participant's his Retirement Date or other termination of his employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, shall become fully Vested. In the event of a Participant's Total and Permanent Disability, the AdministratorTrustee, in accordance with the provisions of Sections 6.5 and 6.7, shall direct the distribution distribute to such Participant of the entire Vested interest in the Planall amounts credited to such Participant's Combined Account as though he had retired.

Appears in 2 contracts

Samples: Retirement & Profit Sharing Plan (Telxon Corp), Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc)

DETERMINATION OF BENEFITS IN EVENT OF DISABILITY. In the event of a Participant's Total and Permanent Disability prior to the Participant's Retirement Date or other termination of employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, become fully Vested. In the event of a Participant's Total and Permanent Disability, the Administrator, in accordance with the provisions of Sections 6.5 and 6.7, shall direct the distribution to such Participant of the entire all Vested interest in the Planamounts credited to such Participant's Combined Account.

Appears in 1 contract

Samples: Adoption Agreement (Baldwin Technology Co Inc)

DETERMINATION OF BENEFITS IN EVENT OF DISABILITY. In the event of a Participant's Total and Permanent Disability prior to the Participant's Retirement Date or other termination severance of employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, become fully Vested. In the event of a Participant's Total and Permanent Disability, the Administrator, Participant's entire Vested interest in the Plan will be distributable and may be distributed in accordance with the provisions of Sections 6.5 and 6.7, shall direct the distribution to such Participant of the entire Vested interest in the Plan.

Appears in 1 contract

Samples: Disclosure Statements and Trust Agreements

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DETERMINATION OF BENEFITS IN EVENT OF DISABILITY. In the event of a Participant's Total and Permanent Disability prior to the Participant's his Retirement Date or other termination of his employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, shall become fully Vested. In the event of a Participant's Total and Permanent Disability, the AdministratorTrustee, in accordance with the provisions of Sections 6.5 6.05 and 6.76.07, shall direct the distribution distribute to such Participant of the entire Vested interest in the Planall amounts credited to such Participant's Combined Account as though he had retired.

Appears in 1 contract

Samples: 401(k) Savings Plan and Trust Agreement (Fulton Financial Corp)

DETERMINATION OF BENEFITS IN EVENT OF DISABILITY. In the event of a Participant's Total and Permanent Disability prior to the Participant's Retirement Date or other termination of employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, shall become fully Vested. In the event of a Participant's Total and Permanent Disability, the Administrator, in accordance with the provisions of Sections 6.5 and 6.7, shall direct the distribution to such Participant of the entire all Vested interest in the Planamounts credited to such Participant's Combined Account.

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan Agreement (Winton Financial Corp)

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