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: XX Single lump sum payment. Annual 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

Appears in 1 contract

Samples: Adoption Agreement (Gladstone Commercial Corp)

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Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: XX x Single lump sum payment. x Annual installment payments over 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 ¨ Forfeited. ¨ Distributed annually when vested. ¨ (b) No in-service distributions permitted.

Appears in 1 contract

Samples: Executive Nonqualified Excess Plan 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 installment payments over no more than yearsthan______years. If applicable, amounts not vested at the specified time of distribution will be: Forfeited Distributed annually when vestedvested XX (b) No in-service distributions permitted.

Appears in 1 contract

Samples: Option Agreement (Proassurance Corp)

Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: XX Single lump sum payment. XX Annual installment payments over no more than 10 years. If applicable, amounts not vested at the specified time of distribution will 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: XX o Single lump sum payment. o Annual installment payments over no more than years. If applicable, amounts not vested at the specified time of distribution will be: o Forfeited o Distributed annually when vestedvested þ (b) No in-service distributions permitted.

Appears in 1 contract

Samples: Adoption Agreement (Sandridge Energy 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. ___ XX Annual installment payments over no more than ___ _6_ years. If applicable, amounts not vested at the specified time of distribution will be: ___ Forfeited ___ Distributed annually when vested

Appears in 1 contract

Samples: Adoption 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 installment payments over no more than 20 years. If applicable, amounts not vested at the specified time of distribution will be: Forfeited Distributed annually when vested

Appears in 1 contract

Samples: Executive Nonqualified Excess Plan Adoption Agreement (Semtech Corp)

Participant Deferral and Employer Credits. In-service distributions may be made in the following manner: XX Single lump sum payment. XX Annual installment payments over no more than 5 years. If applicable, amounts not vested at the specified time of distribution will be: __ Forfeited __ Distributed annually when vestedvested __ (b) No in-service distributions permitted.

Appears in 1 contract

Samples: Executive Nonqualified Excess Plan Adoption Agreement (Meadowbrook Insurance Group Inc)

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