Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒Single lump sum payment. ☒Annual installments over a term certain not to exceed 5 years. If applicable, amounts not vested at the time in-service payments are distributed will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions permitted.
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Samples: Penske Automotive Group, Inc.
Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒☒ Single lump sum payment. ☒☒ Annual installments over a term certain not to exceed 5 years. If applicable, amounts not vested at the time in-service payments are distributed will be distributed at Separation from Service if vested at that time. ☐ (b)No b) No In-Service Distributions permitted. .
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Samples: Adoption Agreement (Five Below, Inc)
Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒☐ Single lump sum payment. ☒☐ Annual installments over a term certain not to exceed 5 years. If applicable, amounts not vested at the time in-service payments are distributed will be distributed at Separation from Service if vested at that time. ☐ ☒ (b)No b) No In-Service Distributions permitted. .
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Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒XX Single lump sum payment. ☒XX Annual installments installment payments over a term certain not to exceed 5 no more than 10 years. If applicable, amounts not vested at the specified time in-service payments are distributed of distribution will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions permitted. be: Forfeited Distributed annually when vested
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Samples: Adoption Agreement (Steris Corp)
Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒o Single lump sum payment. ☒o Annual installments installment payments over a term certain not to exceed 5 no more than years. If applicable, amounts not vested at the specified time of distribution will be: o Forfeited o Distributed annually when vested þ (b) No in-service payments are distributed will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions distributions permitted. .
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Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒☒ Single lump sum payment. ☒☒ Annual installments over a term certain not to exceed 5 years. If applicable, amounts not vested at the time in-service payments are distributed will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions permitted. .
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Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒☒ Single lump sum payment. ☒☒ Annual installments over a term certain not to exceed 5 10 years. If applicable, amounts not vested at the time in-service payments are distributed will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions permitted. .
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Samples: Plan Adoption Agreement (Usana Health Sciences Inc)
Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒x Single lump sum payment. ☒x Annual installments installment payments over a term certain not to exceed no more than 5 years. ¨ Monthly installment payments over no more than ___ years. If applicable, amounts not vested at the specified time of distribution will be: ¨ Forfeited. ¨ Distributed annually when vested. ¨ (b) No in-service payments are distributed will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions distributions permitted. .
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Samples: Adoption Agreement (Synplicity Inc)
Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒XX Single lump sum payment. ☒Annual installments installment payments over a term certain not to exceed 5 no more than years. If applicable, amounts not vested at the specified time in-service payments are distributed of distribution will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions permitted. be: Forfeited Distributed annually when vested
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Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒XX Single lump sum payment. ☒___ XX Annual installments installment payments over a term certain not to exceed 5 no more than ___ _6_ years. If applicable, amounts not vested at the specified time in-service payments are distributed of distribution will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions permitted. be: ___ Forfeited ___ Distributed annually when vested
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Samples: Agreement (Union Bankshares Inc)
Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒XX Single lump sum payment. ☒XX Annual installments installment payments over a term certain not to exceed 5 no more than 20 years. If applicable, amounts not vested at the specified time in-service payments are distributed of distribution will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions permitted. be: Forfeited Distributed annually when vested
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Samples: Adoption Agreement (Semtech Corp)
Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: ☒Single lump sum payment. ☒Annual installments installment payments over a term certain not to exceed 5 yearsno more than______years. If applicable, amounts not vested at the specified time of distribution will be: Forfeited Distributed annually when vested XX (b) No in-service payments are distributed will be distributed at Separation from Service if vested at that time. ☐ (b)No In-Service Distributions distributions permitted. .
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