Common use of Election of Early Survivor Annuity Clause in Contracts

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age will be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse under the qualified joint and survivor annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the qualified early retirement age, or (2) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 17 contracts

Samples: Basic Plan Document (Nabi /De/), Prototype Defined Contribution Plan and Trust/Custodial Account (Connecticut Water Service Inc / Ct), Basic Plan Document (Edutrek Int Inc)

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Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age Qualified Early Retirement Age will be given the opportunity to elect, during the election periodElection Period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse Spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period Election Period begins on the later of of: (1) the 90th day before the Participant attains the qualified early retirement ageQualified Early Retirement Age, or or (2) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 12 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), Adoption Agreement (Oregon Trail Financial Corp), Adoption Agreement (Shared Technologies Cellular Inc)

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age will be given the opportunity to elect, elect during the election period, period to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of (1i) the 90th day before the Participant attains the qualified early retirement age, or (2ii) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 2 contracts

Samples: 401(k) and Profit Sharing Plan Agreement (Conley Canitano & Associates Inc), 401(k) and Profit Sharing Plan Agreement (American Science & Engineering Inc)

Election of Early Survivor Annuity. A Participant Member who is employed after attaining the his qualified early retirement age will shall be given the opportunity to elect, during the election period, to have a survivor annuity Qualified Preretirement Survivor Annuity payable on death. If the Participant Member elects the survivor annuityQualified Preretirement Survivor Annuity, payments under such annuity must not be less than the payments which would have been made to the spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant Member had retired on the day before his or her death. Any election under this provision will shall be in writing and may be changed by the Participant Member at any time. The election period begins on the later of (1i) the 90th day before the Participant Member attains the his qualified early retirement age, or (2ii) the date on which participation begins, and ends on the date the Participant he terminates employment.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan Adoption Agreement (First Financial Northwest, Inc.), 401(k) Profit Sharing Plan (Community Bancorp)

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age will be he given the opportunity to elect, during the election period, . to have a survivor annuity payable on death. .. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse under the qualified joint and survivor annuity if the Participant had retired on the day da~ before his or her death. Any election under this provision will be in writing and may be changed by the Participant Panic ipant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the qualified early retirement age, or (2) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 1 contract

Samples: Basic Plan Document (Weststar Financial Services Corp)

Election of Early Survivor Annuity. A Participant participant who is employed after attaining the qualified early retirement age Qualified Early Retirement Age will be given the opportunity to elect, during the election periodElection Period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse Spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day date before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period Election Period begins on the later of (1) the 90th day before the Participant attains the qualified early retirement age, Qualified Early Retirement Age; or (2) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 1 contract

Samples: Salary Deferral Retirement Plan Adoption Agreement (Novo Nordisk a S)

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age will be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the qualified early retirement age, or (2) the date on which participation Participation begins, and ends on the date the Participant terminates employment.

Appears in 1 contract

Samples: 401(k) Adoption Agreement (Garmin LTD)

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age will be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuityAnnuity, payments under such annuity must not be less than the payments which would have been made to the spouse Spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of of: (1A) the 90th day before the Participant attains the qualified early retirement age, or or (2B) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 1 contract

Samples: Adoption Agreement (Environmental Power Corp)

Election of Early Survivor Annuity. A Participant who is employed after attaining the his qualified early retirement age will shall be given the opportunity to elect, during the election period, to have a survivor annuity Qualified Preretirement Survivor Xxxxxxx payable on death. If the Participant elects the survivor annuityQualified Preretirement Survivor Annuity, payments under such annuity must not be less than the payments which that would have been made to the spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will shall be in writing and may be changed by the Participant at any time. The election period begins on the later of (1i) the 90th day before the Participant attains the his qualified early retirement age, or (2ii) the date on which participation begins, and ends on the date the Participant he terminates employment.

Appears in 1 contract

Samples: Basic Savings Plan (Penske Automotive Group, Inc.)

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Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age will be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the qualified early retirement age, or (2) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 1 contract

Samples: Regional Prototype Profit Sharing Plan and Trust/Custodial Account Nonstandard Plan Adoption Agreement (Greater Bay Bancorp)

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age Qualified Early Retirement Age will be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such that annuity must not be less than the payments which would have been made to the spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the qualified early retirement ageQualified Early Retirement Age, or (2) the date on which Plan participation begins, and ends on the date the Participant terminates employmentemployment with the Employer.

Appears in 1 contract

Samples: Plan Document and Trust Agreement (Stonepath Group Inc)

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age Qualified Early Retirement Age will be given the opportunity to elect, during the election periodElection Period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such that annuity must not be less than the payments which would have been made to the spouse Spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the qualified early retirement ageQualified Early Retirement Age, or (2) the date on which Plan participation begins, and ends on the date the Participant terminates employmentemployment with the Employer.

Appears in 1 contract

Samples: 401(k) Profit Sharing Adoption Agreement (Kevco Inc)

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age will Qualified Early Retirement Age shall be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse Spouse under the qualified joint Qualified Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will shall be in writing and may be changed by the Participant at any time. The election period begins on the later of of: (1i) the 90th day before the Participant attains the qualified early retirement age, or Qualified Early Retirement Age; or (2ii) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 1 contract

Samples: 401(k) Salary Reduction Adoption Agreement (PCB Holding Co)

Election of Early Survivor Annuity. A Participant who is employed after attaining the qualified early retirement age Qualified Early Retirement Age will be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the spouse Spouse under the qualified joint Joint and survivor annuity Survivor Annuity if the Participant had retired on the day before his or her death. Any election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the qualified early retirement ageQualified Early Retirement Age, or (2) the date on which participation begins, and ends on the date the Participant terminates employment.

Appears in 1 contract

Samples: Profit Sharing Plan and Trust Agreement (Brigham Exploration Co)

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