Exception for Small Vested Account Balances Sample Clauses

Exception for Small Vested Account Balances. If the vested Account Balance satisfies 14535 25 05/01/07 the conditions specified in Section 2.3.14 and the Plan permits an immediate lump sum cash-out, an annuity form and spousal consent, as described in this Section 2.5.4, are not required. In this event, the default method of distribution is a lump sum distribution to the Participant, unless the address of the Participant is unknown, in which case the distribution will be forfeited in accordance with Section 2.4.9.
Sample 1
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