Common use of In-Service Distribution Clause in Contracts

In-Service Distribution. The Employer in its Adoption Agreement must elect the Participants' In-Service Distribution rights, if any. If the Employer elects to permit any In-Service Distributions, the Employer will elect the eligible Contribution Type or Contribution Type Accounts and the age or other events which entitle a Participant to an In-Service Distribution. The Employer's elections under this Section 6.01(C) are subject to the restrictions of Section 6.01(C)(4) and any other restrictions under Applicable Law.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

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In-Service Distribution. The Employer in its Adoption Agreement must elect the Participants' In-Service Distribution rights, if any. If the Employer elects to permit any In-Service Distributions, the Employer will elect the eligible Contribution Type or Contribution Type Accounts and the age or other events which entitle a Participant to an In-Service Distribution. The Employer's ’s elections under this Section 6.01(C) are subject to the restrictions of Section 6.01(C)(4) and any other restrictions under Applicable Law.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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In-Service Distribution. The Employer in its Adoption Agreement must elect the Participants' In-Service In‑Service Distribution rights, if any. If the Employer elects to permit any In-Service In‑Service Distributions, the Employer will elect the eligible Contribution Type or Contribution Type Accounts and the age or other events which entitle a Participant to an In-Service In‑Service Distribution. The Employer's elections An In‑Service Distribution under this Section 6.01(C) are is subject to the restrictions of Section 6.01(C)(4all provisions and limitations described herein and in Sections 6.04 and 11.02(C)(3) and any other restrictions under Applicable Lawas to Protected Benefits.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)

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