Common use of Mandatory Distribution Clause in Contracts

Mandatory Distribution. If the Participant's Vested Account is not in excess of $5,000 (unless a different amount selected below) as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment.

Appears in 8 contracts

Samples: Adoption Agreement, Adoption Agreement, Adoption Agreement

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Mandatory Distribution. If the Participant's Vested Account is not in excess of $5,000 (unless a different lesser amount is selected below) as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment.

Appears in 1 contract

Samples: Adoption Agreement

Mandatory Distribution. If the Participant's Vested Account is not in excess of $5,000 (unless a different amount selected below) as of the date of distribution, the Plan will make a Mandatory Mand atory Distribution following Severance from Employment.

Appears in 1 contract

Samples: Adoption Agreement

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Mandatory Distribution. If the Participant's Vested Account is not in excess of $$ 5,000 (unless a different amount selected belownot to exceed $5,000) as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment.

Appears in 1 contract

Samples: Adoption Agreement

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