Determination of Present Values and Amounts. This paragraph 6(e)(5) shall apply for purposes of determining the present values of accrued benefits and the amounts of account balances of Employees as of the determination date. (A) Distribution during year ending on the determination date. The present values of accrued benefits and the amounts of account balances of an Employee as of the determination date shall be increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the determination date. The preceding sentence shall also apply to distributions under a terminated Plan which, had it not been terminated, would have been aggregated with the plan under Section 416(g)(2)(A)(i) of the Code. (B) In the case of a distribution made for a reason other than separation from service, death, or disability, this provision shall be applied by substituting 5-year period for 1-year period. (C) Employees not performing services during year ending on the determination date. The accrued benefits and accounts of any individual who has determination date shall not be taken into account.
Appears in 1 contract
Samples: Savings Plan Agreement
Determination of Present Values and Amounts. This paragraph 6(e)(5subsection (b) shall apply for purposes of determining the present values of accrued benefits and the amounts of account balances of Employees Participants as of the determination distribution date.
(Ai) Distribution Distributions during year ending on the determination dateDetermination Date. The present values of accrued benefits and the amounts of account balances of an Employee a Participant as of the determination date Determination Date shall be increased by the distributions made with respect to the Employee Participant under the Plan and any plan Plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the determination dateDetermination Date. The preceding sentence shall also apply to distributions under a terminated Plan plan which, had it not been terminated, would have been aggregated with the plan Plan under Section 416(g)(2)(A)(i) of the Code.
(B) . In the case of a distribution made for a reason other than separation from service, death, death or disability, this provision shall be applied by substituting “5-year period period” for “1-year period.”
(Cii) Employees Participants not performing services during the year ending on the determination dateDetermination Date. The accrued benefits and accounts of any individual who has determination date not performed services for the Employer during the 1-year period ending on the Determination Date shall not be taken into account.
Appears in 1 contract
Samples: Trust Agreement (Polonia Bancorp)
Determination of Present Values and Amounts. This paragraph 6(e)(5Section A-15(b) shall apply for purposes of determining the present values of accrued benefits and the amounts of account balances of Employees employees as of the determination date.
(Ai) Distribution Distributions during year ending on the determination date. The present values of accrued benefits and the amounts of account balances of an Employee employee as of the determination date shall be increased by the distributions made with respect to the Employee employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the determination date. The preceding sentence shall also apply to distributions under a terminated Plan plan which, had it not been terminated, would have been aggregated with the plan Plan under Section 416(g)(2)(A)(i) of the Code.
(B) . In the case of a distribution made for a reason other than separation from service, death, or disability, this provision shall be applied by substituting “5-year period period” for “1-year period.”
(Cii) Employees not performing services during year ending on the determination date. The accrued benefits and accounts of any individual who has not performed services for the employer during the 1-year period ending on the determination date shall not be taken into account.
Appears in 1 contract
Samples: 401(k) Savings and Retirement Plan (Castle a M & Co)
Determination of Present Values and Amounts. This paragraph 6(e)(5) section 2.2 shall apply for purposes of determining the present values of accrued benefits Accrued Benefits and the amounts of account balances of Employees as of the determination dateDetermination Date.
(A) Distribution 2.2.1 Distributions during year ending on the determination dateDetermination Date. The present values of accrued benefits Accrued Benefits and the amounts of account balances of an Employee as of the determination date Determination Date shall be increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under Code Section 416(g)(2) of the Code during the 1-year period ending on the determination dateDetermination Date. The preceding sentence shall also apply to distributions under a terminated Plan plan which, had it not been terminated, would have been aggregated with the plan Plan under Code Section 416(g)(2)(A)(i) of the Code.
(B) ). In the case of a distribution made for a reason other than separation Separation from serviceService, death, or disabilityDisability, this provision shall be applied by substituting "5-year period period" for "1-year period."
(C) 2.2.2 Employees not performing services during year ending on the determination dateDetermination Date. The accrued benefits Accrued Benefits and accounts Accounts of any individual who has determination date not performed services for the Company during the 1-year period ending on the Determination Date shall not be taken into account.
Appears in 1 contract
Samples: Non Standardized Profit Sharing/401(k) Plan Adoption Agreement (Shire Pharmaceuticals Group PLC)