Common use of PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE Clause in Contracts

PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE. You must choose when an employee who has separated from service, with a vested benefit greater than $3500, may elect to commence distributions. This election will be tied directly to the "distribution date" definition earlier. Participant Elections Prior to Separation from Service The following distribution elections apply to employer discretionary account regardless of vested account balances, prior to employment separation. If you prefer not to allow any distribution options from these accounts prior to separation, select option (d).

PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE. You must choose when an employee who has separated from service, with a vested benefit greater than $35003,500, may elect to commence distributions. This election will be tied directly to the tot he "distribution date" definition defined earlier. Participant Elections Prior to Separation from Service The following distribution elections apply to employer discretionary account contributions regardless of vested account balances, prior to employment separation. If you prefer not to allow any distribution options from these accounts prior to separation, select option (dc).