Distributable Events. Except as provided in Section 9.2 or 9.5 of this Article, the Participant shall be entitled to distribution of assets in the Participant Account only after the occurrence of one of the following events, subject to any additional exceptions or limitations applicable under the Plan and applicable law: The Participant attains age 59 ½; The Participant has a severance from employment with the Employer; The Participant’s death, The Disability of the Participant, The existence of a Hardship, The Employer terminates the Plan or If permitted under the Employer’s Plan, a Participant who is on active duty performing qualified military service for a period of at least 30 days and who meets the requirements of Section 414(u) of the Code may elect to receive a distribution of the Participant’s elective deferrals into the Plan as permitted thereunder. Notwithstanding the foregoing, Rollover Contributions may be distributed at any time without restriction. The Custodian may make distributions hereunder in accordance with Instructions from the Employer, the Program Sponsor or the TPA, if applicable, and may rely on such Instructions in making any distribution from the Custodial Account.
Distributable Events. (a) The vested amount of a Participant's account shall become payable to a Participant or his Beneficiary pursuant to this Article X as follows:
(1) Upon actual retirement on or after the Participant's Normal Retirement Age.
(2) Upon the death of the Participant.
(3) Upon the Disability of the Participant.
(4) Upon the termination of the Participant's employment prior to retirement, death or Disability.
(5) If the Plan is a profit-sharing plan and if so elected by the Employer in the Adoption Agreement or specified in Section 11.01, the vested amount in a Participant's account may also be distributed under the in-service distribution rules of Section 10.04.
(b) Distributions on account of any of the distributable events described above are subject to the restrictions in Section 10.03 below.
Distributable Events. The Benefit shall be paid to the Executive or the Executive's estate (unless forfeited by the occurrence of any of the events of forfeiture specified in Article VII) upon the following events: o Upon termination of the Executive's employment on or after the Executive's Target Distribution Date, First Charter shall begin payments of the Executive's Benefit to the Executive in equivalent monthly installments over a period of ten (10) years, unless another form of distribution is selected by the Board of Directors in its sole discretion. Payment will begin as soon as practicable following the Executive's termination of employment. o In the event that the Executive's employment with First Charter is terminated by reason of his death or if the Executive's death occurs after a Distributable Event but before full payment of the Benefit has been made to the Executive, First Charter shall pay (or continue to pay) the Executive's Benefit to the Executive's Beneficiary in equivalent monthly installments such that the Executive's Benefit is paid to the Executive's Beneficiary over a period of ten (10) years unless another form of distribution is selected by the Board of Directors in its sole discretion. Payment to the Beneficiary will be begin as soon as practicable following the Executive's death. o In the event that the Executive becomes Disabled before reaching his Target Distribution Date and while in the employ of First Charter, First Charter shall pay the Executive's vested Benefit to the Executive in equivalent monthly installments over a period of ten (10) years unless another form of distribution is selected by the Board of Directors in its sole discretion. Payment will be begin as soon as practicable following the date the Executive attains his Target Distribution Date. o In the event that the Executive's employment with First Charter is terminated before the Executive attains his Target Distribution date for any reason other than the Executive's death or if the Executive becomes Disabled, First Charter shall begin payments to the Executive of the Executive's vested Benefit as soon as practicable following the date the Executive attains his Target Distribution Date. FORM OF PAYMENT. Payment of the Benefit will be made in the form of equivalent monthly installments over a period of ten (10) years, or in such other form as the Board of Directors, in its sole discretion, may determine.
Distributable Events. ANSWER EACH OF THE FOLLOWING ITEMS.
Distributable Events. Payment of Employee’s Supplemental Retirement Benefit shall be paid upon the earlier to occur of the following distributable events:
(1) Employee’s termination of employment with the Bank, except as provided in Paragraphs 4 or 5; or
(2) Employee’s attainment of age sixty-five (65).
Distributable Events. Except as provided in Paragraph 9.2 or 9.5 of this Article, the Participant shall be entitled to distribution of assets in the Participant Account only after the occurrence of one of the following events, subject to any additional options or limitations applicable under the Plan or other applicable law: The Participant attains age 59 ½; The Participant separates from service with the Employer; The Participant’s death, or The Disability of the Participant.
Distributable Events. (a) The vested amount of a Participant’s Account shall become payable to a Participant or his beneficiary pursuant to this Article 7 as follows:
(1) upon attainment of the Participant’s Normal Retirement Age (whether or not employment has terminated);
(2) upon the death of the Participant;
(3) upon the Disability of the Participant; or
(4) upon the severance of the Participant’s employment (whether before or after attainment of the Participant’s Normal Retirement Age) prior to death or Disability.
(b) Distributions on account of any of the distributable events described above are subject to the restrictions in this Article 7. Payments from the Plan shall be subject to applicable withholding taxes under the Code.
Distributable Events. The following distributable events are in addition to those enumerated in the Plan document at paragraph 7.
Distributable Events. Except as provided in Paragraph 9.2 or 9.5 of this Article, the Participant shall be entitled to distribution of assets in the Participant Account only after the occurrence of one of the following events:
Distributable Events. Answer each of the following:
