DETERMINATION OF BENEFITS UPON RETIREMENT Sample Clauses

DETERMINATION OF BENEFITS UPON RETIREMENT. Every Participant may terminate employment with the Employer and retire for purposes hereof on the Participant's Normal Retirement Date or Early Retirement Date. However, a Participant may postpone the termination of employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.3, shall continue until such Participant's Retirement Date. Upon a Participant's Retirement Date, or if elected in the Adoption Agreement, the attainment of Normal Retirement Date without termination of employment with the Employer, or as soon thereafter as is practicable, the Administrator shall direct the distribution, at the election of the Participant, of the Participant's entire Vested interest in the Plan in accordance with Section 6.5.
AutoNDA by SimpleDocs
DETERMINATION OF BENEFITS UPON RETIREMENT. Every Participant may terminate his employment with the Employer and retire for the purposes hereof on his Normal Retirement Date or Early Retirement Date. However, a Participant may postpone the termination of his employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.4, shall continue until his Late Retirement Date. Upon a Participant's Retirement Date or attainment of his Normal Retirement Date without termination of employment with the Employer, or as soon thereafter as is practicable, the Trustee shall distribute all amounts credited to such Participant's Combined Account in accordance with Section 6.5.
DETERMINATION OF BENEFITS UPON RETIREMENT. Every Participant may terminate his employment with the Employer and retire for the purposes hereof on his Early Retirement Date or Normal Retirement Date. However, a Participant may postpone the termination of his employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.3 shall continue until his Late Retirement Date. Upon a Participant's Retirement Date, or as soon thereafter as is practicable, the Trustee shall distribute all amounts credited to such Participant's Account in accordance with Section 7.5.
DETERMINATION OF BENEFITS UPON RETIREMENT. Upon the Participant’s attainment of Normal Retirement Age or Early Retirement Age, all amounts credited to a Participant’s Account shall become fully Vested. However, a Participant may postpone the termination of employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.03, shall continue until such Participant’s Retirement Date. Upon a Participant’s Retirement Date, or as soon thereafter as is practicable, all amounts credited to such Participant’s Account shall be distributable in accordance with Section 6.05.
DETERMINATION OF BENEFITS UPON RETIREMENT. Every Participant may terminate his employment with the Employer and retire for the purposes hereof on his Normal Retirement Date. However, a Participant may postpone the termination of his employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.4, shall continue until his Late Retirement Date.
DETERMINATION OF BENEFITS UPON RETIREMENT. 47 Section 6.02
DETERMINATION OF BENEFITS UPON RETIREMENT. Every Participant may terminate his employment with the Employer and retire for the purposes hereof on his Normal Retirement Date or Early Retirement Date. Upon such Normal Retirement Date or Early Retirement Date, all amounts credited to such Participant's Combined Account shall become distributable. However, a Participant may postpone the termination of his employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.04, shall continue until his Late Retirement Date. Upon a Participant's Retirement Date, or as soon thereafter as is practicable, the Trustee shall distribute all amounts credited to such Participant's Combined Account in accordance with Section 6.05.
AutoNDA by SimpleDocs
DETERMINATION OF BENEFITS UPON RETIREMENT. Every Participant may terminate his employment with the Employer and retire for the purpose hereof on his Normal Retirement Date. Upon such Normal Retirement Date, all amounts credited to such Participant's Account as of the Normal Retirement Date specified in the Adoption Agreement shall become distributable to him in accordance with this Article. However, if a Participant continues employment beyond his Normal Retirement Date under protection of state or federal age discrimination statutes, or by consent of the Employer, the Participant shall continue to participate in the Plan until his Late Retirement Date. Upon a Participant's Normal Retirement Date or Late Retirement Date, whichever is applicable, the Trustee shall distribute all amounts credited to such Participant's Account. If a Participant in an Assumed Benefit Plan with the consent of the Employer remains in its employ after his Normal Retirement Date, the Employer's contributions with respect to such Participant shall cease as of his Normal Retirement Date and the Participant shall not make any nondeductible voluntary contributions after his Normal Retirement Date.
DETERMINATION OF BENEFITS UPON RETIREMENT. Every Participant may terminate employment with the Employer and retire for the purposes hereof on the Participant's Normal Retirement Date or Early Retirement Date. However, a Participant may postpone the termination of employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.4, shall continue until such Participant's Late Retirement Date. Upon a Participant's Retirement Date or attainment of Normal Retirement Date without termination of employment with the Employer, or as soon thereafter as is practicable, the Trustee shall distribute, at the election of the Participant, all amounts credited to such Participant's Combined Account in accordance with Section 6.5.
DETERMINATION OF BENEFITS UPON RETIREMENT. Every Participant may terminate employment with the Employer and retire for the purposes hereof on the Participant’s Normal Retirement Date. However, a Participant may postpone the termination of employment with the Employer to a later date, in which event the participation of such Participant in the Plan, including the right to receive allocations pursuant to Section 4.4, shall continue until such Participant’s Late Retirement Date. Upon a Participant’s Retirement Date or attainment of Normal Retirement Date without termination of employment with the Employer (subject to the provisions of Section 4.2(d)), or as soon thereafter as is practicable, the Administrator shall direct the distribution, at the election of the Participant, of the Participant’s entire Vested interest in the Plan (or any portion thereof), in accordance with Section 6.5.
Time is Money Join Law Insider Premium to draft better contracts faster.