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

PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE. If the present value of a Participant's Nonforfeitable Accrued Benefit exceeds $5,000, he may elect to have the Trustee commence distribution as of any distribution date. The Participant may reconsider an election at any time prior to the annuity starting date and elect to commence distribution as of any other distribution date.

Appears in 1 contract

Samples: Deferral Plan and Trust Agreement (Flow International Corp)

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PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE. If the present value of a Participant's Nonforfeitable Accrued Benefit exceeds $5,0003,500, he may elect to have the Trustee commence distribution as of any distribution date. The Participant may reconsider an election at any time prior to date permitted under the annuity starting date and elect to commence distribution as of any other distribution dateEmployer's Adoption Agreement Section 6.

Appears in 1 contract

Samples: Mmi Products Inc

PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE. If the present value of a Participant's Nonforfeitable Accrued Benefit exceeds $5,000, he may elect to have the Trustee commence distribution as of any distribution date, but not earlier than the earliest permissible distribution date permitted under Section 6.01 or 6.05, as applicable. The Participant may reconsider an election at any time prior to the annuity starting stated distribution date and elect to commence distribution as of any other permissible distribution date. A Participant may not receive a distribution if, prior to the time the Trustee actually makes the distribution, the Participant returns to employment with the Employer.

Appears in 1 contract

Samples: And Trust Agreement (Millers Mutual Fire Insurance Co)

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PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE. If the present value of a Participant's Nonforfeitable Accrued Benefit exceeds $5,0003,500, he may elect to have the Trustee commence distribution as of any distribution datedate permitted under the Employer's Adoption Agreement Section 6.03. The Participant may reconsider an election at any time prior to the annuity starting date and elect to commence distribution as of any other distribution date.date permitted under the Employer's Adoption Agreement Section 6.03. If the Participant is partially-vested In his Accrued Benefit,

Appears in 1 contract

Samples: Gart Sports Co

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