PARTICIPANT'S NONFORFEITABLE ACCRUED Sample Clauses

PARTICIPANT'S NONFORFEITABLE ACCRUED. BENEFIT EXCEEDS $3,500. If the Participant's Separation from Service is for any reason other than death, the Advisory Committee will direct the Trustee to commence distribution of the Participant's Nonforfeitable Accrued Benefit in a form and at the time elected by the Participant, pursuant to Section 6.03. In the absence of an election by the Participant, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit in a lump sum (or, if applicable, the normal annuity form of distribution required under Section 6.04), on the 60th day following the close of the Plan Year in which the latest of the following events occurs: (a) the Participant attains Normal Retirement Age; (b) the Participant attains age 62; or (c) the Participant's Separation from Service.
AutoNDA by SimpleDocs
PARTICIPANT'S NONFORFEITABLE ACCRUED. Benefit Not Exceeding $3,500. If the Participant's Separation from Service is for any reason other than death, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit in a lump sum, on the distribution date the Employer specifies in the Adoption Agreement, but in no event later than the 60th day following the close of the Plan Year in which the Participant attains Normal Retirement Age. If the Participant has attained Normal Retirement Age at the time of his Separation from Service, the distribution under this paragraph will occur no later than the 60th day following the close of the Plan Year in which the Participant's Separation from Service occurs.
PARTICIPANT'S NONFORFEITABLE ACCRUED. BENEFIT EXCEEDS $3,500. In a form and at the time elected by the Participant, pursuant to Section 6.03. In the absence of an election by the Participant, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit in lump sum on the 60th day following the close of the Plan Year in which the latest of the following events occurs: (a) the Participant attains Normal Retirement Age; (b) the Participant attains age 62; or (c) the Participant separates from Service.
PARTICIPANT'S NONFORFEITABLE ACCRUED. BENEFIT EXCEEDS $5,000. In a form and at the time elected by the Participant, pursuant to Section 6.03. In the absence of an election by the Participant, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit in a lump sum not later than sixty (60) days after the latest of the close of the Plan Year in which (a) the Participant attains age sixty-five (65), (b) occurs the tenth (10th) anniversary of the date on which the Participant commenced participation in the Plan, and (c) the Participant had a Separation from Service or as soon thereafter as the amount of the payment can be ascertained in which event the distribution shall be retroactive to such date.
PARTICIPANT'S NONFORFEITABLE ACCRUED. Benefit Exceeds $5,000. Unless the Participant elects a later distribution date, if the Participant's Separation from Service is for any reason (including disability) other than death, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit as soon as administratively practicably following the latest of (i) the Plan Year of Participant's Separation from Service, (ii) the Plan Year in which Participant attains Normal Retirement Age, or (iii) the Plan Year in which the tenth anniversary of which the Participant's commencement of participation in the Plan occurs. However, in the absence of an election by the Participant, the Participant's Nonforfeitable Accrued Benefit will be distributed no later than the Normal Retirement Distribution Date.
PARTICIPANT'S NONFORFEITABLE ACCRUED. BENEFIT NOT EXCEEDING $5,000. In a lump sum, on the first distribution date after the close of the quarter Plan Year in which the Participant separates from Service with the Employer, but in no event later than the 60th day following the close of the Plan Year in which the Participant attains Normal Retirement Age.
PARTICIPANT'S NONFORFEITABLE ACCRUED. Benefit Not Exceeding $3,500. In a lump sum, on the first distribution date after the Participant's Separation from Service with the Employer, but in no event later than the 60th day following the close of the Plan Year in which the Participant attains Normal Retirement Age. If the participant has obtained Normal Retirement Age when he separates from Service with the Employer, the distribution under this paragraph will occur no later than the 60th day following the close of the Plan year in which the Participant's Separation from Service occurs.
AutoNDA by SimpleDocs
PARTICIPANT'S NONFORFEITABLE ACCRUED. BENEFIT EXCEEDS $3,500. In a form and at the time elected by the Participant, pursuant to Section 6.03. In the absence of an election by the Participant, the Advisory Committee will direct the Custodian/Trustee to distribute the Participant's Nonforfeitable Accrued Benefit in a lump sum (or, if applicable, the normal annuity form of distribution required under Section 6.04), on
PARTICIPANT'S NONFORFEITABLE ACCRUED. Benefit Exceeds $5,000. If the Participant's Separation from Service is for any reason other than death, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit at the time elected by the Participant, pursuant to Section 6.03. In the absence of an election by the Participant, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit in lump sum on the 60th day following the close of the Plan Year in which the later of the following events occurs: (a) the Participant attains Normal Retirement Age; or (b) the Participant separates from Service.
PARTICIPANT'S NONFORFEITABLE ACCRUED. Benefit Not Exceeding $5,000. Upon the Participant's Separation from Service for any reason other than death, the Plan Administrator will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit not exceeding $5,000 in a lump sum as soon as administratively practicable, but in no event later than the 60/th/ day following the close of the Plan Year in which the Participant attains Normal Retirement Age, or if later, no later than the 60/th/ day following the close of the Plan Year in which the Participant's Separation from Service occurs.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!