Common use of METHOD OF PAYMENT OF ACCRUED BENEFIT Clause in Contracts

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (A) OR AT LEAST ONE OF (B), (C), (D) AND (E)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X] (c) An installment distribution: (CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ______ years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFY) _______________________________________________. (d) The Plan permits the following annuity options: _______________________________________________. Any Participant who elects a life annuity option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D).] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Retirement Savings Plan Adoption Agreement (World Acceptance Corp)

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METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (Aa) OR AT LEAST ONE OF (Bb), (Cc), (Dd) AND (Ee)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X]___________________________________________. (c) An installment distribution: (CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of _________ years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFY) _________________________________________________. (d) The Plan permits the following annuity options: _________________________options ______________________. Any Participant who elects a life annuity option Option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D6.02(d).] ] [X] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Adoption Agreement (Active Voice Corp)

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (A) OR AT LEAST ONE OF (B), (C), (D) AND (E)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X]_______________________. (c) An installment distribution: (CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ______ years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFYSpecify) _______________________________________________. (d) The Plan permits the following annuity options: _____________________________________ ___________. Any Participant who elects a life annuity option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D).] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Adoption Agreement (Pluma Inc)

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (Aa) OR AT LEAST ONE OF (Bb), (Cc), (Dd) AND (Ee)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X]:_______________________________________. (c) An installment distribution: (CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ______ years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFY) _______________________________________________. (d) The Plan permits the following annuity options: ____________________ ___________________________________________. Any Participant who elects a life annuity option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D6.02(d).] ] [X] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Defined Contribution Master Plan and Trust Agreement (Sonic Corp)

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (A) OR AT LEAST ONE OF (B), (C), (D) AND (E)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X]:__________________. (c) An installment distribution: (CHOOSE distribution:(CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ______ years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFY) _____________________________)__________________. (d) The Plan permits the following annuity options: _______________________________________:________. Any Participant who elects a life annuity option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D).] ] [X] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Adoption Agreement (Dollar Thrifty Automotive Group Inc)

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (A) OR AT LEAST ONE OF (B), (C), (D) AND (E)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X]___________________________________________________________________________ ____________________________________________________________ (c) An installment distribution: (CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. . [X] (2) May not exceed the lesser of ______ 20 years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFY) __________________________________________________ __________. (d) The Plan permits the following annuity options: _______________________ ________________________________________________________________________. Any Participant who elects a life annuity option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D6.02(d).] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Adoption Agreement (Industrial Data Systems Corp)

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METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (Aa) OR AT LEAST ONE OF (Bb), (Cc), (Dd) AND (Ee)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X]____________________________________ . (c) An installment distribution: (CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ______ years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFY) _______________________________________________. (d) The Plan permits the following annuity options: _______________________________________________. Any Participant who elects a life annuity option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D6.02(d).] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Adoption Agreement (Valley Community Bancshares Inc)

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (A) OR AT LEAST ONE OF (B), (C), (D) AND (E)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X]:______________________________________. (c) An installment distribution: (CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ______ years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFY) ______)_________________________________________. (d) The Plan permits the following annuity options: :________________________________________________ --------------------. Any Participant who elects a life annuity option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D).] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Adoption Agreement (American Community Bancshares Inc)

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (CHOOSE (Aa) OR AT LEAST ONE OF (Bb), (Cc), (Dd) AND (Ee)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: [X]_____________________________. (c) An installment distribution: (CHOOSE (1) OR AT LEAST ONE OF (2) OR (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ______ years or the maximum period permitted under Section 6.02. [ ] (3) (SPECIFY) _______________________________________________. (d) The Plan permits the following annuity options: _______________________________________________. Any Participant who elects a life annuity option is subject to the requirements of Sections 6.04(A), (B), (C) and (D) of the Plan. See Section 6.04(E). [NOTE: THE EMPLOYER MAY SPECIFY ADDITIONAL ANNUITY OPTIONS IN AN ADDENDUM TO THIS ADOPTION AGREEMENT, NUMBERED 6.02(D6.02(d).] (e) If the Plan invests in qualifying Employer securities, as described in Section 10.03(F), a Participant eligible to elect distribution under Section 6.03 may elect to receive that distribution in Employer securities only in accordance with the provisions of the addendum to this Adoption Agreement, numbered 6.02(e).

Appears in 1 contract

Samples: Adoption Agreement (Recovery Engineering Inc)

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