Involuntary Cash Outs. 4.1 Applicability and effective date. If the plan provides for involuntary cash-outs of amounts less than $5,000, then unless otherwise elected in Section 2.2 of this amendment, this Article shall apply for distributions made after December 31, 2001, and shall apply to all participants. However, regardless of the preceding, this Article shall not apply if the plan is subject to the qualified joint and survivor annuity requirements of Sections 401(a)(11) and 417 of the Code.
Appears in 4 contracts
Samples: Adoption Agreement (CRH Public LTD Co), CRH Public LTD Co, Bank of Granite Corp
Involuntary Cash Outs. 4.1 Applicability and effective date. If the plan provides for involuntary cash-cash outs of amounts less than $5,000, then unless otherwise elected in Section 2.2 of this amendment, this Article shall apply for distributions made after December 31, 2001, and shall apply to all participants. However, regardless of the preceding, this Article shall not apply if the plan is subject to the qualified joint and survivor annuity requirements of Sections 401(a)(1140l(a)(11) and 417 of the Code.
Appears in 1 contract
Samples: Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)