Common use of Distribution of Small Amounts Clause in Contracts

Distribution of Small Amounts. If after a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $3,500 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $3,500, the Participant's benefit shall be paid as a single lump sum as soon as administratively feasible in accordance with procedures prescribed by the Administrator.

Appears in 3 contracts

Samples: Nipsco Industries Inc, Longview Fibre Co, Spieker Properties Inc

AutoNDA by SimpleDocs

Distribution of Small Amounts. If after a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $3,500 5,000 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $3,5005,000, the Participant's benefit shall be paid as a single lump sum as soon as administratively feasible in accordance with procedures prescribed by the Administrator.

Appears in 3 contracts

Samples: Advo Inc, Hanna M a Co/De, Longview Fibre Co

Distribution of Small Amounts. If after a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $3,500 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $3,500, the Participant's benefit shall be paid as a single lump sum as soon as administratively feasible in accordance with procedures prescribed by the Administrator. Effective January 1, 1998, "$5,000" shall be substituted for each reference to "$3,500" in the preceding sentence.

Appears in 2 contracts

Samples: Gerber Scientific Inc, Riviana Foods Inc /De/

Distribution of Small Amounts. If after If, at the time a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $3,500 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $3,500, the Participant's benefit shall may be paid as a single lump sum as soon as administratively feasible sum, without his or her consent, after his or her employment with all Related Companies ends in accordance with procedures prescribed by the Administrator.

Appears in 1 contract

Samples: Plan and Trust Agreement (Timken Co)

AutoNDA by SimpleDocs

Distribution of Small Amounts. If If, after a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $3,500 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $3,500, the Participant's benefit shall be paid as a single lump sum as soon as administratively feasible in accordance with procedures prescribed by the Administrator.

Appears in 1 contract

Samples: Nipsco Industries Inc

Distribution of Small Amounts. If after If, at the time a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $3,500 or less, less and if at the time of any prior in-service earlier withdrawal or distribution distribution, the Participant's vested Account balance did not exceed $3,500, the Participant's benefit shall will be paid as a single lump sum as soon as administratively feasible sum, without his or her consent, after his or her employment with all Related Companies ends in accordance with procedures prescribed by the Administrator.. 11.5

Appears in 1 contract

Samples: Roadway Services Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!