Common use of Retirement Distribution Option Clause in Contracts

Retirement Distribution Option. Subject to Section 7.1, distribution of the Participant’s Retirement Distribution Account shall commence no later than the later of (a) the 60th day after the Participant’s Retirement or (b) the year following the Participant’s attainment of age 65 or other elected age less than age 65, as elected by the Participant in the Election Agreement pursuant to which such Retirement Distribution Account was established.

Appears in 3 contracts

Samples: U-Store-It Trust, U-Store-It Trust, U-Store-It Trust

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Retirement Distribution Option. Subject to Section 7.1, distribution of the Participant’s Retirement Distribution Account shall commence no later than the later of (a) the 60th day after the Participant’s Retirement or and (b) the year following the Participant’s attainment of age 65 or other elected age less than age 65, as elected by the Participant in the Election Agreement pursuant to which such Retirement Distribution Account was established.

Appears in 1 contract

Samples: CubeSmart, L.P.

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