Common use of FORM OF DISTRIBUTION TO BENEFICIARY Clause in Contracts

FORM OF DISTRIBUTION TO BENEFICIARY. A-. Value of Individual Account Does Not Exceed $3,500 - If the value of the - Participant's Individual Account derived from Nondeductible Employee Contributions and Employer Contributions does not exceed $3,500, the Plan Administrator shall direct the Trustee (or Custodian, if applicable) to make a distribution to the Beneficiary in a single lump sum in lieu of all other forms of distribution from the Plan.

Appears in 2 contracts

Samples: Basic Plan Document (Nabi /De/), Basic Plan Document (Nabi /De/)

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FORM OF DISTRIBUTION TO BENEFICIARY. A-. Value of Individual Account Does Not Exceed $3,500 - If the value of the - Participant's Individual Account derived from Nondeductible Employee Contributions and Employer Contributions does not exceed $3,500, the Plan Administrator shall direct the Trustee (or Custodian, if applicable) to make a distribution to the Beneficiary in a single lump sum in lieu of all other forms of distribution from the Plan.

Appears in 1 contract

Samples: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Camco Financial Corp)

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FORM OF DISTRIBUTION TO BENEFICIARY. A-. Value of Individual Account Does Not Exceed VALUE OF INDIVIDUAL ACCOUNT DOES NOT EXCEED $3,500 - If the value of the - Participant's Individual Account derived from Nondeductible Employee Contributions and Employer Contributions does not exceed $3,500, the Plan Administrator shall direct the Trustee (or Custodian, if applicable) to make a distribution to the Beneficiary in a single lump sum in lieu of all other forms of distribution from the Plan.

Appears in 1 contract

Samples: Adoption Agreement (Bradford Funds Inc)

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