Distributable Event. The events entitling a Participant or Beneficiary to a payment of benefits under the Plan, which shall be: Separation from Service; death; Disability, if applicable; the occurrence of an Interim Distribution Date; the occurrence of an Unforeseeable Emergency; Plan Termination Following a Change of Control Event, if applicable; Plan Termination Following a Corporate Dissolution; Plan Termination in Connection with Termination of Certain Similar Arrangements; Conflict of Interest Divestiture; Domestic Relations Order; and Income Inclusion Under Code § 409A.
Distributable Event. If a distribution is permissible under Section 401(k) of the Code, as determined by the Company in its sole discretion, the Company will permit each Transferred Employee to elect a distribution of benefits from the applicable tax-qualified defined contribution plan maintained by the Company (the "Company Savings Plan"). If the Company permits Transferred Employees to elect distributions, Buyer will cause the Buyer Savings Plan to accept a direct rollover of the portion of a Transferred Employee's distribution which constitutes an eligible rollover distribution, including any outstanding loans and related promissory notes.
Distributable Event. The events entitling a Participant or Beneficiary to a payment of benefits under the Plan, which shall include: Separation from Service; death; Disability; the occurrence of an Interim Distribution Date; the occurrence of an Unforeseeable Emergency; and Plan Termination following a Change in Control Event, if applicable; Plan Termination following a corporate dissolution or bankruptcy, if applicable; Plan Termination following termination of all deferred compensation arrangements of the same type, if applicable; a Change in Control Event; Conflict of Interest Divestiture; and Domestic Relations Order. Distribution resulting from a Separation of Service for a Specified Employee may not be made before the date which is six (6) months after the Separation from Service or, if earlier, the date of death of the Specified Employee.
Distributable Event. The events entitling a Participant or Beneficiary to a payment of benefits under the Plan, which shall include Termination of Employment, Death, Disability, the occurrence of an Interim Distribution Date or an Unforeseeable Emergency, the Participant’s Election To Receive Vested Account, and Plan Termination. The Employer may specify in the Adoption Agreement whether a Change of Control shall also constitute a Distributable Event.
Distributable Event. The following Distributable Events are in addition to those listed at paragraph 6.2 of the Basic Program Document. [ ] Upon completion of ______ Years of Service determined with reference to the Employee's date of hire. [x] Other as follows: Unforseeable financial emergency arising from an illness, casualty loss, sudden financial reversal or other such unforeseeable occurrence; provided, however, the additional deferrals will be precluded for twelve (12) months thereafter.
Distributable Event. The following Distributable Events are in addition to those listed at paragraph 6.2 of the Basic Program Document. [ ] Upon completion of _______ Years of Service determined with reference to the Employee's date of hire. [ ] Other as follows: _____________________________________ ________________________________________________________
Distributable Event. The following Distributable Events are in addition to those listed at paragraph 6.2 of the Basic Program Document. [ ] Upon completion of _______ Years of Service determined with reference to the Employee's date of hire. [x] Other as follows: A distribution year elected by the Participant which is not earlier than the fifth year after the year of the deferral; provided, however, that the same distribution year shall apply for all types of contributions for which this option is selected on the Participant's election for the applicable calendar year. Unforeseeable financial emergency which is defined as an unexpected need for cash arising from an illness, casualty loss, sudden financial reversal, or other such unforeseeable occurrence. The amount of the benefit distributed shall be limited to the amount necessary to meet the emergency not in excess of the termination benefit which the Participant would have been entitled to if he had a termination of employment on the date of the determination.
