Distributions Not Subject To Code Section 417. If payment in the form of a Qualified Joint and Survivor Annuity is not required with respect to a Participant, the rules in this subparagraph 6.7(b) are substituted for the rules in paragraph 6.4(c). If the value of a Participant’s Vested Account Balance derived from Employer and Employee contributions:
Appears in 5 contracts
Sources: Defined Contribution Plan (Georgetown Bancorp, Inc.), Defined Contribution Plan (Idt Corp), Defined Contribution Plan (Chicopee Bancorp, Inc.)
Distributions Not Subject To Code Section 417. If payment in the form of a Qualified Joint and Survivor Annuity is not required with respect to a Participant, the rules in this subparagraph 6.7(b) are substituted for the rules in paragraph 6.4(c). If the value of a Participant’s 's Vested Account Balance derived from Employer and Employee contributions:
Appears in 1 contract
Sources: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)