Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows:
Appears in 5 contracts
Samples: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Camco Financial Corp), Qualified Retirement Plan and Trust (Bradford Funds Inc), Adoption Agreement (Bradford Funds Inc)
Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly property waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows:
(1) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.
Appears in 2 contracts
Samples: Basic Plan Document (Nabi /De/), Basic Plan Document (Nabi /De/)
Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, . the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows:: (I) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.
Appears in 1 contract
Samples: Basic Plan Document (Edelbrock Corp)
Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement pre-retirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows:
(1) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary
Appears in 1 contract
Samples: Prototype Defined Contribution Plan and Trust/Custodial Account (Connecticut Water Service Inc / Ct)
Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows:Section
Appears in 1 contract
Samples: Basic Plan Document (Weststar Financial Services Corp)
