Common use of Participant Deferral and Employer Credits Clause in Contracts

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. ​ ​

Appears in 1 contract

Samples: Penske Automotive Group, Inc.

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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 b) No In-Service Distributions permitted. ​ ​.

Appears in 1 contract

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. ​ ​.

Appears in 1 contract

Samples: Adoption Agreement (Meta Financial Group 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 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

Appears in 1 contract

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. ​ ​.

Appears in 1 contract

Samples: Adoption Agreement (Sandridge Energy 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 In-Service Distributions permitted. ​ ​.

Appears in 1 contract

Samples: Adoption Agreement (Sanfilippo John B & Son 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 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. ​ ​.

Appears in 1 contract

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. ​ ​.

Appears in 1 contract

Samples: Adoption Agreement (Synplicity Inc)

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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

Appears in 1 contract

Samples: Adoption Agreement (Gladstone Commercial Corp)

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

Appears in 1 contract

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

Appears in 1 contract

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. ​ ​.

Appears in 1 contract

Samples: Adoption Agreement (Proassurance Corp)

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