Common use of Profit Sharing Plan Clause in Contracts

Profit Sharing Plan. If the Plan is a Profit Sharing Plan, in lieu of applying Section 11.05(D) and the distribution provisions of Article VI, the Plan Administrator will direct the Trustee to distribute in cash (subject to Section 8.04) each Participant's Vested Account Balance, in a Lump-Sum, as soon as administratively practicable after the termination of the Plan, irrespective of the amount of the Participant's Vested Account Balance, the Participant's age and whether the Participant consents to the distribution.

Profit Sharing Plan. If the Plan is a Profit Sharing Plan, in lieu of applying Section 11.05(D) and the distribution provisions of Article VI, the Plan Administrator will direct the Trustee to distribute in cash (subject to Section 8.046.12) each Participant's Vested Account Balance, in a Lump-Sum, as soon as administratively practicable after the termination of the PlanPlan termination, irrespective of of: (i) the amount of the Participant's Vested Account Balance, : (ii) the Participant's age age; and (iii) whether the Participant consents to the distribution.

Profit Sharing Plan. If the Plan is a Profit Sharing Plan, in lieu of applying Section 11.05(D) and the distribution provisions of Article VI, the Plan Administrator will direct the Trustee to distribute in cash (subject to Section 8.04) each Participant's ’s Vested Account Balance, in a Lump-Sum, as soon as administratively practicable after the termination of the Plan, irrespective of the amount of the Participant's ’s Vested Account Balance, the Participant's ’s age and whether the Participant consents to the distribution.

Profit Sharing Plan. If the Plan is a Profit Sharing Plan, in lieu of applying Section 11.05(D) and the distribution provisions of Article VI, the Plan Administrator will direct the Trustee to distribute in cash (subject to Section 8.04) each Participant's Vested Account Balance, in a Lump-SumLump‑Sum, as soon as administratively practicable after the termination of the PlanPlan termination, irrespective of of: (i) the amount of the Participant's Vested Account Balance, : (ii) the Participant's age age; and (iii) whether the Participant consents to the distribution.