Common use of EARLY PAYMENT OPTION Clause in Contracts

EARLY PAYMENT OPTION. (a) 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. (b) 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: Adoption Agreement (Allegiant Bancorp Inc), 401(k) Retirement Plan and Trust Agreement (California Coastal Communities Inc), Non Standardized Adoption Agreement (Princeton Review Inc)

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EARLY PAYMENT OPTION. (a) 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. (b) 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 (Shared Technologies Cellular Inc), Adoption Agreement (Maxim Pharmaceuticals Inc)

EARLY PAYMENT OPTION. (aA) 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. (bB) 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: Adoption Agreement (Oregon Trail Financial Corp)

EARLY PAYMENT OPTION. (a) A Participant who has attained age 59-1/2 591/2 and who has not separated from Service [Xx] may [ ] may not obtain a distribution of his or her vested Employer contributions. (b) 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: Non Standardized Adoption Agreement (East West Bancorp Inc)

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EARLY PAYMENT OPTION. (a) 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. (b) 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: Non Standardized Adoption Agreement (Valley National Corp /De/)

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