Common use of Distribution Options Clause in Contracts

Distribution Options. a. As soon as administratively feasible on or after the Valuation Date following the date on which a distribution is requested or is otherwise payable. b. As soon as administratively feasible following the close of the Plan Year during which a distribution is requested or is otherwise payable. c. As soon as administratively feasible following the date on which a distribution is requested or is otherwise payable. (This option is recommended for daily valuation plans.) d. As soon as administratively feasible after the close of the Plan Year during which the Participant incurs ___________ [cannot be more than five (5)] consecutive one (1) year Breaks in Service. e. Only after the Participant has attained the Plan's Normal Retirement Age or Early Retirement Age, if applicable.

Appears in 4 contracts

Samples: Adoption Agreement (Connecticut Water Service Inc / Ct), Defined Contribution Plan (Savannah Bancorp Inc), Adoption Agreement (Connecticut Water Service Inc / Ct)

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Distribution Options. a. As soon as administratively feasible on or after the Valuation Date following the date on which a distribution is requested or is otherwise payable. b. As soon as administratively feasible following the close of the Plan Year during which a distribution is requested or is otherwise payable. c. As soon as administratively feasible following the date on which a distribution is requested or is otherwise payable. (This option is recommended for daily valuation plans.) d. As soon as administratively feasible after the close of the Plan Year during which the Participant incurs ___________ [cannot be more than five (5)] consecutive one (1) year Breaks in Service. e. Only after the Participant has attained the Plan's ’s Normal Retirement Age or Early Retirement Age, if applicable.

Appears in 3 contracts

Samples: Adoption Agreement (Sterling Chemicals Inc), Defined Contribution Plan (Old Dominion Freight Line Inc/Va), Defined Contribution Plan (Athens Bancshares Corp)

Distribution Options. a. As soon as administratively feasible on or after the Valuation Date following the date on which a distribution is requested or is otherwise payable. b. As soon as administratively feasible following the close of the Plan Year during which a distribution is requested or is otherwise payable. c. As soon as administratively feasible following the date on which a distribution is requested or is otherwise payable. (This option is recommended for daily valuation plans.) d. As soon as administratively feasible after the close of the Plan Year during which the Participant incurs ___________ [cannot be more than five (5)] consecutive one (1) year Breaks in Service. e. Only after the Participant has attained the Plan's ’s Normal Retirement Age or Early Retirement Age, if applicable.

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Nonstandardized Adoption Agreement (United Community Bancorp)

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Distribution Options. a. As soon as administratively feasible on or after the Valuation Date following the date on which a distribution is requested or is otherwise payable. b. As soon as administratively feasible following the close of the Plan Year during which a distribution is requested or is otherwise payable. c. As soon as administratively feasible following the date on which a distribution is requested or is otherwise payable. (This option is recommended for daily valuation plans.) d. As soon as administratively feasible after the close of the Plan Year during which the Participant incurs ___________ [cannot be more than five (5)] consecutive one (1) year Breaks in Service. e. Only after the Participant has attained the Plan's ’s Normal Retirement Age or Early Retirement Age, if applicable.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (1st Constitution Bancorp)

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