Distributions Upon a Change in Control. Notwithstanding any distribution election to the contrary, if a Change-in-Control occurs and a Participant incurs a Separation from Service during the period beginning on the date of the Change-in-Control and ending on the second anniversary of the Change-in-Control, then the remaining amount of the Participant’s vested Account shall be paid to the Participant or his or her beneficiary in a single lump-sum payment as soon as administratively possible, but no earlier than the first business day of the seventh month following the Participant’s Separation from Service (or, if earlier, upon the Participant’s death).
Appears in 4 contracts
Samples: Supplemental Retirement Plan Agreement (Uwharrie Capital Corp), Supplemental Retirement Plan Agreement (Uwharrie Capital Corp), Supplemental Retirement Plan Agreement (Uwharrie Capital Corp)
