Common use of DISTRIBUTIONS PRIOR TO SEVERANCE FROM EMPLOYMENT Clause in Contracts

DISTRIBUTIONS PRIOR TO SEVERANCE FROM EMPLOYMENT. (4.05). A Participant prior to Severance from Employment may elect to receive a distribution of his/her Vested Account under the following distribution options (Choose one of a. or b.): a. [ ] None. A Participant may not receive a distribution prior to Severance from Employment.

Appears in 8 contracts

Samples: Adoption Agreement for Eligible Governmental 457 Plan, Adoption Agreement for Eligible Governmental 457 Plan, Adoption Agreement for Eligible Governmental 457 Plan

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DISTRIBUTIONS PRIOR TO SEVERANCE FROM EMPLOYMENT. (4.05). A Participant prior to Severance from Employment may elect to receive a distribution of his/her Vested Account under the following distribution options (Choose (a) or choose one or more of a. or b.(b) through (e) as applicable): a. [ ] (a) None. A Participant may not receive a distribution prior to Severance from Employment. [X] (b) Unforeseeable emergency. A Participant may elect a distribution from his/her Account in accordance with Plan Section 4.05(A).

Appears in 1 contract

Samples: Eligible 457 Prototype Plan

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