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 $3,500, may elect to commence distributions. This election will be tied directly to the "distribution date" defined earlier. Participant Elections Prior to Separation from Service - Employer Contributions The following distribution elections apply to all participant's matching and employer discretionary accounts 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 Prior Separation from Service Deferrals, QMAC's and QNEC's - The following distribution elections apply to all participant's deferral, qualified matching, and qualified non-elective contributions accounts, prior to employment separation. If you prefer not to allow any distribution options from these accounts prior to employment separation, select option (I).

PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE. You must choose when an employee who has separated from service, with a vested benefit greater than $3,500, may elect to commence distributions. This election will be tied directly to the "distribution date" defined definition earlier. Participant Elections Prior to Separation from Service - Employer Contributions The following distribution elections apply to all participant's matching and employer discretionary accounts 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 (dc). Participant Elections Prior Separation from Service Deferrals, QMAC's and QNEC's - The following distribution elections apply to all participant's deferral, deferral qualified matching, and qualified non-elective contributions accounts, prior to employment separation. If you prefer not to allow any distribution options from these accounts prior to employment separation, select option (Ig).