Distributions During Year Ending on the Determination Date. The present values of accrued benefits and the amounts of Account balances of an Employee as of the Determination Date shall be increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under section 416(g)(2) of the Code during the 1-year period ending on the Determination Date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than severance from employment, death, or disability, this provision shall be applied by substituting “5-year period” for “1-year period.”
Appears in 4 contracts
Samples: 401(k) Retirement Savings Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc)
Distributions During Year Ending on the Determination Date. The present values of accrued benefits and the amounts of Account account balances of an Employee employee as of the Determination Date determination date shall be increased by the distributions made with respect to the Employee employee under the Plan plan and any plan aggregated with the Plan plan under section 416(g)(2) of the Code during the 1-year period ending on the Determination Datedetermination date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan plan under section 416(g)(2)(A)(i416(g)(2)(A) (i) of the Code. In the case of a distribution made for a reason other than severance from employment, death, or disability, this provision shall be applied by substituting “5-5- year period” for “1-year period.”
Appears in 2 contracts
Samples: Single Defined Benefit Plan, Single Defined Benefit Plan
Distributions During Year Ending on the Determination Date. The present values of accrued benefits and the amounts of Account balances of an Employee as of the Determination Date determination date shall be increased by the distributions made with respect to the Employee employee under the Plan and any plan aggregated with the Plan under section Section 416(g)(2) of the Code during the 1-year period ending on the Determination Datedetermination date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under section Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than severance from employment, death, or disability, this provision shall be applied by substituting “5-year period” period for “1-year period.”
Appears in 2 contracts
Samples: Employee Stock Ownership Plan and Trust Agreement (Bancfirst Corp /Ok/), Employee Stock Ownership Plan and Trust Agreement (Bancfirst Corp /Ok/)
Distributions During Year Ending on the Determination Date. The present values of accrued benefits and the amounts of Account balances of an Employee as of the Determination Date shall be increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under section 416(g)(2) of the Code during the 1-year period ending on the Determination Date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than severance separation from employmentservice, death, or disability, this provision shall be applied by substituting “5-year period” for “1-year period.”
Appears in 1 contract
Samples: Retirement Plan (Lsi Industries Inc)
Distributions During Year Ending on the Determination Date. The present values of accrued benefits and the amounts of Account account balances of an Employee employee as of the Determination Date determination date shall be increased by the distributions made with respect to the Employee employee under the Plan plan and any plan aggregated with the Plan plan under section Section 416(g)(2) of the Code during the 1-year period ending on the Determination Datedetermination date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan plan under section Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than severance separation from employmentservice, death, or disability, this provision shall be applied by substituting “"5-year period” " for “"1-year period.”"
Appears in 1 contract
Samples: Non Standardized 401(k) Profit Sharing Plan (Aceto Corp)
Distributions During Year Ending on the Determination Date. The present values of accrued benefits and the amounts of Account account balances of an Employee employee as of the Determination Date determination date shall be increased by the distributions made with respect to the Employee employee under the Plan plan and any plan aggregated with the Plan plan under section Section 416(g)(2) of the Code during the 1-year period ending on the Determination Datedetermination date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan plan under section Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than severance separation from employmentservice, death, or disability, this provision shall be applied by substituting “5-year period” for “for” 1-year period.”
Appears in 1 contract
Samples: Defined Contribution Plan and Trust (National Penn Bancshares Inc)