Plan account. If a teacher shall die after having satisfied the applicable vesting requirements, the deceased teacher’s Matching 401(a) Plan account shall be distributable to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant borrow from his/her 401(a) Plan account.)
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Employment Agreement
Plan account. If a teacher shall die after having satisfied the applicable vesting requirements, the deceased teacher’s Matching 401(a) Plan account shall be distributable to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant borrow xxxxxx from his/her 401(a) Plan account.)
Appears in 3 contracts
Samples: Employment Agreement, Employment Agreement, Employment Agreement
Plan account. If a teacher shall die after having satisfied the applicable vesting requirementsrequirements of Subsection B2 of this Article 7, the deceased teacher’s Matching 401(a) Plan account shall be distributable to the decedentdeceased’s designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant an individual borrow from his/his or her 401(a) Plan account.)
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
