Common use of Notice Requirements For Qualified Pre-Retirement Survivor Annuity Clause in Contracts

Notice Requirements For Qualified Pre-Retirement Survivor Annuity. In the case of a qualified pre-retirement survivor annuity as described in paragraph 8.3, the Plan Administrator shall provide each Participant within the applicable period for such Participant a written explanation of the qualified pre-retirement survivor annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements of paragraph 8.5 applicable to a Qualified Joint and Survivor Annuity. The applicable period for a Participant is whichever of the following periods ends last: (a) the period beginning with the first day of the Plan Year in which the Participant attains age 32 and ending with the close of the Plan Year preceding the Plan Year in which the Participant attains age 35; (b) a reasonable period ending after the individual becomes a Participant; (c) a reasonable period ending after this Article first applies to the Participant. Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation from Service in the case of a Participant who separates from Service before attaining age 35. For purposes of applying the preceding paragraph, a reasonable period ending after the events described in (b) and (c) is the end of the two-year period beginning one-year prior to the date the applicable event occurs, and ending one-year after that date. In the case of a Participant who separates from Service before the Plan Year in which age 35 is attained, notice shall be provided within the two-year period beginning one year prior to separation and ending one year after separation. If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be re-determined.

Appears in 5 contracts

Samples: Non Standardized Adoption Agreement (Princeton Review Inc), Defined Contribution Plan and Trust (First Keystone Corp), Adoption Agreement (Shared Technologies Cellular Inc)

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Notice Requirements For Qualified Pre-Retirement Survivor Annuity. In the case of a qualified preQualified Pre-retirement survivor annuity Retirement Survivor Annuity as described in paragraph 8.3, the Plan Administrator shall provide each Participant within the applicable period for such Participant a written explanation of the qualified preQualified Pre-retirement survivor annuity Retirement Survivor Annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements of paragraph 8.5 applicable to a Qualified Joint and Survivor Annuity. The applicable period for a Participant is whichever of the following periods ends lastat the latest date: (a) the period beginning with the first day of the Plan Year in which the Participant attains age 32 thirty-two (32) and ending with the close of the Plan Year preceding the Plan Year in which the Participant attains age thirty-five (35;), (b) a reasonable period ending after the individual becomes a Participant;, or (c) a reasonable period ending after this Article first applies to the Participant. Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation from Service in the case of a Participant who separates from Service before attaining age thirty-five (35). If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be redetermined. For purposes of applying the preceding paragraph, a reasonable period ending after the events described in (b) and (c) is the end of the two-two (2) year period beginning one-one (1) year prior to the date the applicable event occurs, and ending one-one (1) year after that date. In the case of a Participant who separates from Service before the Plan Year in which age 35 thirty-five (35) is attained, notice shall be provided within the two-two (2) year period beginning one (1) year prior to separation and ending one (1) year after separation. If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be re-determined.

Appears in 5 contracts

Samples: Defined Contribution Plan (ASB Bancorp Inc), Defined Contribution Plan (Fraternity Community Bancorp Inc), Savings and Investment Plan Document (Sterling Chemicals Inc)

Notice Requirements For Qualified Pre-Retirement Survivor Annuity. In the case of a qualified preQualified Pre-retirement survivor annuity Retirement Survivor Annuity as described in paragraph 8.3, the Plan Administrator shall provide each Participant within the applicable period for such Participant a written explanation of the qualified preQualified Pre-retirement survivor annuity Retirement Survivor Annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements of paragraph 8.5 applicable ap­plicable to a Qualified Joint and Survivor Annuity. The applicable period for a Participant is whichever of the following periods ends lastat the latest date: (a) the period beginning with the first day of the Plan Year in which the Participant attains age 32 thirty-two (32) and ending with the close of the Plan Year preceding the Plan Year in which the Participant attains age thirty-five (35;), (b) a reasonable period ending after the individual becomes a Participant;Par­ticipant, or (c) a reasonable period ending after this Article first applies to the Participant. Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation from Service in the case of a Participant who separates from Service before attaining age thirty-five (35). If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be redetermined. For purposes of applying the preceding paragraph, a reasonable period ending after the events described in (b) and (c) is the end of the two-two (2) year period beginning one-one (1) year prior to the date the applicable event occurs, and ending one-one (1) year after that date. In the case of a Participant who separates from Service before the Plan Year in which age 35 thirty-five (35) is attained, notice shall be provided within the two-two (2) year period beginning one (1) year prior to separation and ending one (1) year after separation. If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be re-determined.

Appears in 2 contracts

Samples: Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (Savannah Bancorp Inc)

Notice Requirements For Qualified Pre-Retirement Survivor Annuity. In the case of a qualified preQualified Pre-retirement survivor annuity Retirement Survivor Annuity as described in paragraph 8.3, the Plan Administrator shall provide each Participant within the applicable period for such Participant a written explanation of the qualified pre-retirement survivor annuity Qualified Pre- Retirement Survivor Annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements of paragraph 8.5 applicable to a Qualified Joint and Survivor Annuity. The written explanation shall comply with the requirements of Regulations Section 1.417(a)(3)-1. The applicable period for a Participant is whichever of the following periods ends lastat the latest date: (a) the period beginning with the first day of the Plan Year in which the Participant attains age 32 thirty- two (32) and ending with the close of the Plan Year preceding the Plan Year in which the Participant attains age thirty-five (35;), (b) a reasonable period ending after the individual becomes a Participant;, or (c) a reasonable period ending after this Article first applies to the Participant. Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation from Service in the case of a Participant who separates from Service before attaining age thirty-five (35. For purposes of applying the preceding paragraph, a reasonable period ending after the events described in (b) and (c) is the end of the two-year period beginning one-year prior to the date the applicable event occurs, and ending one-year after that date. In the case of a Participant who separates from Service before the Plan Year in which age 35 is attained, notice shall be provided within the two-year period beginning one year prior to separation and ending one year after separation). If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be re-determined.. For purposes of applying the preceding paragraph, a reasonable period ending after the events described in (b) and

Appears in 1 contract

Samples: Defined Contribution Plan

Notice Requirements For Qualified Pre-Retirement Survivor Annuity. In the case of a qualified pre-retirement survivor annuity as described in paragraph 8.3, the Plan Administrator shall provide each Participant within the applicable period for such Participant a written explanation of the qualified pre-retirement survivor annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements of paragraph 8.5 applicable to a Qualified Joint and Survivor Annuity. The applicable period for a Participant is whichever of the following periods ends last: (a) the period beginning with the first day of the Plan Year in which the Participant attains age 32 and ending with the close of the Plan Year preceding the Plan Year in which the Participant attains age 35; (b) a reasonable period ending after the individual becomes a Participant; (c) a reasonable period ending after this Article first applies to the Participant. Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation from Service in the case of a Participant who separates from Service before attaining age 35. For purposes of applying the preceding paragraph, a reasonable period ending after the events described in (b) and (c) is the end of the two-year period beginning one-one year prior to the date the applicable event occurs, and ending one-one year after that date. In the case of a Participant who separates from Service before the Plan Year in which age 35 is attained, notice shall be provided within the two-year period beginning one year prior to separation and ending one year after separation. If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be re-determined.

Appears in 1 contract

Samples: 401(k) Plan Document (East West Bancorp Inc)

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Notice Requirements For Qualified Pre-Retirement Survivor Annuity. In the case of a qualified pre-pre retirement survivor annuity as described in paragraph 8.3, the Plan Administrator shall provide each Participant within the applicable period for such Participant a written explanation of the qualified pre-pre retirement survivor annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements of paragraph 8.5 applicable to a Qualified Joint and Survivor Annuity. The applicable period for a Participant is whichever of the following periods ends last: (a) the period beginning with the first day of the Plan Year in which the Participant attains age 32 and ending with the close of the Plan Year preceding the Plan Year in which the Participant attains age 35; (b) a reasonable period ending after the individual becomes a Participant; (c) a reasonable period ending after this Article first applies to the Participant. Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation from Service in the case of a Participant who separates from Service before attaining age 35. For purposes of applying the preceding paragraph, a reasonable period ending after the events described in (b) and (c) is the end of the two-two year period beginning one-one year prior to the date the applicable event occurs, and ending one-one year after that date. In the case of a Participant who separates from Service before the Plan Year in which age 35 is attained, notice shall be provided within the two-two year period beginning one year prior to separation and ending one year after separation. If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be re-determinedredetermined.

Appears in 1 contract

Samples: Profit Sharing Plan (First Keystone Corp)

Notice Requirements For Qualified Pre-Retirement Survivor Annuity. In the case of a qualified preQualified Pre-retirement survivor annuity Retirement Survivor Annuity as described in paragraph 8.3, the Plan Administrator shall provide each Participant within the applicable period for such Participant a written explanation of the qualified preQualified Pre-retirement survivor annuity Retirement Survivor Annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements of paragraph 8.5 applicable to a Qualified Joint and Survivor Annuity. The applicable period for a Participant is whichever of the following periods ends lastat the latest date: (a) the period beginning with the first day of the Plan Year in which the Participant attains age 32 thirty-two (32) and ending with the close of the Plan Year preceding the Plan Year in which the Participant attains age thirty-five (35;), (b) a reasonable period ending after the individual becomes a Participant;, or (c) a reasonable period ending after this Article article first applies to the Participant. . (d) Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation from Service in the case of a Participant who separates from Service before attaining age thirty-five (35). If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be redetermined. For purposes of applying the preceding paragraph, a reasonable period ending after the events described in (b) and (c) is the end of the two-two (2) year period beginning one-one (1) year prior to the date the applicable event occurs, and ending one-one (1) year after that date. In the case of a Participant who separates from form Service before the Plan Year in which age 35 thirty-five (35) is attained, notice shall be provided within the two-two (2) year period beginning one (1) year prior to separation and ending one (1) year after separation. If such a Participant subsequently returns to employment with the Employer, the applicable period for such Participant shall be re-determined.

Appears in 1 contract

Samples: Defined Contribution Plan (United Community Bancorp)

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