NORMAL RULES. Upon separation of a Participant from the service of his Employer under Section 7.6(A) of the Plan, distribution of such Participant's Vested Accrued Benefit shall be made (check only one block (i.e., (a), (b) or (c)): (a) Upon the request of the Participant in writing on the Appropriate Form, within 60 days following the last day of the Plan Year in which such Participant incurs five consecutive One-Year Breaks In Service but if distribution is not so requested by the Participant, distribution shall be made on the date the Participant would have attained his Normal Retirement Age had he remained in the employ of the Employer; (b) Upon the request of the Participant in writing on the Appropriate Form, at any time (c) Within 60 days following the date the Participant would have attained his Normal Retirement Age had he remained in the employ of the Employer. Notwithstanding any other provision in the Plan or Adoption Agreement, if the Plan provides for distribution on an Early Retirement Date and if a separated Participant met the service but not the age requirement for such Early Retirement Date on the date of his separation from the service of his Employer, upon meeting such age requirement after separation, such Participant, if he so requests in writing on the Appropriate Form, shall commence receiving his deferred Vested Accrued Benefit no later than the date which would have been his Early Retirement Date had he continued in the service of the Employer. If no such request is made, distribution shall be made in accordance with Section A.7.6(A)(1)(a), (b) or (c), as elected by the Employer in this Adoption Agreement. All requests for payment under this Section A.7.6(A) shall be made within the 90-day period preceding the date payment is to commence.
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Samples: Defined Contribution Plan (Profit Sharing or Profit Sharing 401(k)) (Temporary Investment Fund Inc), Defined Contribution Plan and Trust Agreement (Trust for Federal Securities)
NORMAL RULES. Upon separation of a Participant from the service of his Employer under Section 7.6(A) of the Plan, distribution of such Participant's Vested Accrued Benefit shall be made (check only one block (i.e.I.E., (a), (b) or (c)):
(a) Upon the request of the Participant in writing on the Appropriate Form, within 60 days following the last day of the Plan Year in which such Participant incurs five consecutive One-Year Breaks In Service but if distribution is not so requested by the Participant, distribution shall be made on the date the Participant would have attained his Normal Retirement Age had he remained in the employ of the Employer;
(b) Upon the request of the Participant in writing writing on the Appropriate Form, at any timetime following the first Valuation Date coincident with or next following the date such Participant separates from the service of the Employer; however, if distribution is not so requested by the Participant earlier, distribution shall be made no later than 60 days following the date the Participant would have attained his Normal Retirement Age had he remained in the employ of the Employer; or
(c) Within 60 days following the date the Participant would have attained his Normal Retirement Age had he remained in the employ of the Employer. Notwithstanding any other provision in the Plan or Adoption Agreement, if the Plan provides for distribution on an Early Retirement Date and if a separated Participant met the service but not the age requirement for such Early Retirement Date on the date of his separation from the service of his Employer, upon meeting such age requirement after separation, such Participant, if he so requests in writing on the Appropriate Form, shall commence receiving his deferred Vested Accrued Benefit no later than the date which would have been his Early Retirement Date had he continued in the service of the Employer. If no such request is made, distribution shall be made in accordance with Section A.7.6(A)(1)(a), (b) or (c), as elected by the Employer in this Adoption Agreement. All requests for payment under this Section A.7.6(A) shall be made within the 90-day period preceding the date payment is to commence.
Appears in 1 contract
Samples: Adoption Agreement (RBB Fund Inc)
NORMAL RULES. Upon separation of a Participant from the service of his Employer under Section 7.6(A) of the Plan, distribution of such Participant's Vested Accrued Benefit shall be made (check only one block (i.e., (a), (b) or (c)):
(a) Upon the request of the Participant in writing on the Appropriate Form, within 60 days following the last day of the Plan Year in which such Participant incurs five consecutive One-Year Breaks In Service but if distribution is not so requested by the Participant, distribution shall be made on the date the Participant would have attained his Normal Retirement Age had he remained in the employ of the Employer;
(b) Upon the request of the Participant in writing on the Appropriate Form, at any timetime following the first Valuation Date coincident with or next following the date such Participant separates from the service of the Employer; however, if distribution is not so requested by the Participant earlier, distribution shall be made no later than 60 days following the date the Participant would have attained his Normal Retirement Age had he remained in the employ of the Employer; or
(c) Within 60 days following the date the Participant would have attained his Normal Retirement Age had he remained in the employ of the Employer. Notwithstanding any other provision in the Plan or Adoption Agreement, if the Plan provides for distribution on an Early Retirement Date and if a separated Participant met the service but not the age requirement for such Early Retirement Date on the date of his separation from the service of his Employer, upon meeting such age requirement after separation, such Participant, if he so requests in writing on the Appropriate Form, shall commence receiving his deferred Vested Accrued Benefit no later than the date which would have been his Early Retirement Date had he continued in the service of the Employer. If no such request is made, distribution shall be made in accordance with Section A.7.6(A)(1)(a), (b) or (c), as elected by the Employer in this Adoption Agreement. All requests for payment under this Section A.7.6(A) shall be made within the 90-day period preceding the date payment is to commence.
Appears in 1 contract
Samples: Defined Contribution Plan Adoption Agreement (Chestnut Street Exchange Fund)