Common use of Lump Sum Payments Clause in Contracts

Lump Sum Payments. A Member may request a distribution of all or a part of his Account no more frequently than once per calendar year by filing the proper Request for Distribution with the TPA. In the event the Employer has elected to provide an annuity option under the Plan, no distributions may be made from a married Member’s Account without the written consent of such married Member’s spouse (which consent shall be subject to the procedures set forth below).

Appears in 6 contracts

Samples: Adoption Agreement (Cape Bancorp, Inc.), Adoption Agreement (First Savings Financial Group Inc), Adoption Agreement (Ottawa Savings Bancorp, Inc.)

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Lump Sum Payments. A Member may request a distribution of all or a part of his Account no more frequently than once per calendar year by filing the proper Request for Distribution with the TPA. In the event the Employer has elected to provide an annuity option under the Plan, no distributions may be made from a married Member’s 's Account without the written consent of such married Member’s 's spouse (which consent shall be subject to the procedures set forth below).

Appears in 2 contracts

Samples: Adoption Agreement (Sugar Creek Financial Corp./Md/), Adoption Agreement (CCSB Financial Corp)

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