EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability [X] may [ ] may not make application to the Employer requesting an early payment of his or her vested account balance. (b) A Participant who has attained age 59-1/2 and who has not separated from Service [X] may [ ] may not obtain a distribution of his or her vested Employer contributions. Distribution can only be made if the Participant is 100% vested. (c) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [X] may [ ] may not receive a distribution of his or her vested account balance.
Appears in 3 contracts
Samples: Nonstandardized Adoption Agreement (Telecommunication Systems Inc /Fa/), Adoption Agreement (Equivest Finance Inc), Adoption Agreement (Century Bancorp Inc)
EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability [X] may [ ] may not make application to the Employer requesting an early payment of his or her vested account balance.
(b) A Participant who has attained age 59-1/2 and who has not separated from Service [ ] may [X] may [ ] may not obtain a distribution of his or her vested Employer contributions. Distribution can only be made if the Participant is 100% vested.
(c) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [ ] may [X] may [ ] may not receive a distribution of his or her vested account balance.
Appears in 2 contracts
Samples: Cash or Deferred Profit Sharing Plan (Port Financial Corp), Adoption Agreement (Franklin Financial Corp /Tn/)
EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability [Xx] may [ ] may not make application to the Employer requesting an early payment of his or her vested account balance.
(b) A Participant who has attained age 59-1/2 and who has not separated from Service [Xx] may [ ] may not obtain a distribution of his or her vested Employer contributions. Distribution can only be made if the Participant is 100% vested.
(c) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [Xx] may [ ] may not receive a distribution of his or her vested account balance.
Appears in 2 contracts
Samples: Adoption Agreement (Peoples Sidney Financial Corp), Nonstandardized Profit Sharing Plan and Trust/Custodial Account (Good Times Restaurants Inc)
EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability [X] may [ [_] may not make application to the Employer requesting an early payment of his or her vested account balance.
(b) A Participant who has attained age 59-1/2 and who has not separated from Service [X] may [ [_] may not obtain a distribution of his or her vested Employer contributions. Distribution can only be made if the Participant is 100% vested.
(c) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [X] may [ [_] may not receive a distribution of his or her vested Prototype Cash or Deferred Profit- Sharing Plan #002 account balance.
Appears in 1 contract
EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability [X] may [ ] may not make application to the Employer requesting an early payment of his or her vested account balance. Amounts under $3,500 [X] will [_] will not be cashed out immediately.
(ba) A Participant who has attained age 59-1/2 and who has not separated from Service [ ] may [X] may [ ] may not obtain a distribution of his or her vested Employer contributions. Distribution can only be made if the Participant is 100% vestedhas completed five Years of Service.
(b) A Participant who has attained age 59-1/2 and has not separated from Service [ ] may [X] may not obtain distribution of his or her vested Employer contributions.
(c) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [X] may [ ] may not receive a distribution of his or her vested account balance.
Appears in 1 contract
Samples: Cash or Deferred Profit Sharing Plan (Watchguard Technologies Inc)
EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, retirement death or Disability [Xx] may [ ] may not make application to the Employer requesting an early payment of his or her vested account balance.
(b) A Participant who has attained age 59-1/2 and who has not separated from Service [ ] may [X] may [ ] may not obtain a distribution of his or her vested Employer contributions. Distribution can only be made if the Participant is 100% vested.
(c) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [X] may [ ] may not receive a distribution of his or her vested account balance.
Appears in 1 contract
Samples: Profit Sharing Plan (National Paintball Supply Co Inc)
EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability [Xx] may [ ] may not make application to the Employer requesting an early payment of his or her vested account balance.
(b) A Participant who has attained age 59-1/2 and who has not separated from Service [Xx] may [ ] may not obtain a distribution of his or her vested Employer contributions. Distribution can only be made if the Participant is 100% vested.
(c) A Participant who has attained the Plan's Normal Retirement Age and who has not separated from Service [Xx] may [ ] may not receive a distribution of his or her vested account balance.
Appears in 1 contract
Samples: Adoption Agreement (Safeguard Scientifics Inc Et Al)
