Common use of EARLY PAYMENT OPTION Clause in Contracts

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 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 (Safeguard Scientifics Inc Et Al)

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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 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 (Professionals Insurance Co Management Group)

EARLY PAYMENT OPTION. (a) A Participant who separates from Service prior to retirement, death or Disability 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 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 (Nobility Homes Inc)

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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 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 (Sano Corp)

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