Common use of Distribution Deadline for Death Benefit When Participant or Former Participant Dies Before His Distributions Begin Clause in Contracts

Distribution Deadline for Death Benefit When Participant or Former Participant Dies Before His Distributions Begin. If a Participant or former Participant dies before the date distribution of his Nonforfeitable Interest in his Plan benefit begins, his entire Nonforfeitable Interest in his Plan benefit will be distributed, or begin to be distributed, to his Section 401(a)(9) Beneficiary no later than as follows:

Appears in 4 contracts

Samples: Plan for Hourly Employees (Quanex Corp), Quanex Corporation Employees (Quanex Corp), Quanex Corporation Employee Savings Plan (Quanex Corp)

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Distribution Deadline for Death Benefit When Participant or Former Participant Dies Before His Distributions Begin. If a Participant or former Participant dies before the date distribution of his Nonforfeitable Interest nonforfeitable interest in his Plan benefit begins, his entire Nonforfeitable Interest nonforfeitable interest in his Plan benefit will be distributed, or begin to be distributed, to his Section 401(a)(9) Beneficiary no later than as follows:

Appears in 4 contracts

Samples: Hourly Employees (Quanex Corp), Savings Plan (Quanex Corp), Agreement (Quanex Corp)

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