Common use of Mandatory Distribution Clause in Contracts

Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (if any) will be included in determining the $5,000 threshold for timing of distributions, form of distributions or consent rules.

Appears in 3 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 $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (if any) will be included in determining the $5,000 threshold for timing of distributions, form of distributions or consent rules.

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers Exclusion of rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (if any) will be included in In determining the $5,000 threshold for timing of distributions(or other dollar threshold above), form of distributions or consent rules.rollover contributions will be:

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers Exclusion of rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (if any) will be included in In determining the $5,000 threshold for timing of distributions(or other dollar threshold above), form of distributions or consent rules.rollover contributions will be:

Appears in 1 contract

Samples: Adoption Agreement

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Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (( if any) will be included in determining the $5,000 threshold for timing of distributions, form of distributions or consent rules.

Appears in 1 contract

Samples: Adoption Agreement

Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 1000.00 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers Exclusion of rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (if any) will be included in In determining the $5,000 threshold for timing of distributions(or other dollar threshold above), form of distributions or consent rules.rollover contributions will be:

Appears in 1 contract

Samples: Adoption Agreement

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