Common use of Distribution upon attainment of stated age Clause in Contracts

Distribution upon attainment of stated age. A Participant must consent to a distribution from the Plan at any time prior to attainment of the Participant’s Required Beginning Date. To allow for involuntary distribution upon attainment of Normal Retirement Age (or age 62, if later), check below. □ Subject to the spousal consent requirements under Section 9.04 of the Plan, a distribution from the Plan will be made to a terminated Participant without the Participant’s consent, regardless of the value of such Participant’s vested Account Balance, upon attainment of Normal Retirement Age (or age 62, if later).

Appears in 3 contracts

Samples: Volume Submitter Money Purchase Plan Adoption Agreement, Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement, 401(k) Plan Adoption Agreement

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Distribution upon attainment of stated age. A Participant must consent to a distribution from the Plan at any time prior to attainment of the Participant’s Required Beginning Date. To allow for involuntary distribution upon attainment of Normal Retirement Age (or age 62, if later), check below. Subject to the spousal consent requirements under Section 9.04 of the Plan, a distribution from the Plan will be made to a terminated Participant without the Participant’s consent, regardless of the value of such Participant’s vested Account Balance, upon attainment of Normal Retirement Age (or age 62, if later).

Appears in 2 contracts

Samples: 401(k) Plan Adoption Agreement, Volume Submitter Money Purchase Plan Adoption Agreement

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Distribution upon attainment of stated age. A The Participant must consent to a distribution from requirements under Section 8.04 of the Plan at any time apply for distributions occurring prior to attainment of the Participant’s Required Beginning Date. To allow for involuntary distribution upon attainment of Normal Retirement Age (or age 62, if later), check below. Subject to the spousal consent requirements under Section 9.04 of the Plan, a distribution from the Plan will be made to a terminated Participant without the Participant’s consent, regardless of the value of such Participant’s vested Account Balance, upon attainment of Normal Retirement Age (or age 62, if later).

Appears in 1 contract

Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement

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