Common use of Distribution Upon Death Clause in Contracts

Distribution Upon Death. In the event of the Participant's death (whether death occurs before or after Separation from Service or Severance from Employment), the Plan Administrator will direct the Trustee, in accordance with this Section 6.01(B) to distribute to the Participant's Beneficiary the Participant's Vested Account Balance remaining in the Trust at the time of the Participant's death.

Appears in 4 contracts

Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp), Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), 401(k) Profit Sharing Plan (Nci Building Systems Inc)

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Distribution Upon Death. In the event of the Participant's death (whether death occurs before or after Separation from Service or Severance from Employment)on account of death, the Plan Administrator will direct the Trustee, in accordance with this Section 6.01(B) and subject to Section 6.02(D), to distribute to the Participant's Beneficiary the Participant's Vested Account Balance remaining in the Trust at the time of the Participant's death.

Appears in 2 contracts

Samples: Adoption Agreement (Bank of Granite Corp), Adoption Agreement (Gold Banc Corp Inc)

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Distribution Upon Death. In the event of the Participant's ’s death (whether death occurs before or after Separation from Service or Severance from Employment), the Plan Administrator will direct the Trustee, in accordance with this Section 6.01(B) to distribute to the Participant's ’s Beneficiary the Participant's ’s Vested Account Balance remaining in the Trust at the time of the Participant's ’s death.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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