Small Account Balances. Notwithstanding the foregoing provisions of the Plan, and except as provided in Section 7.3, if the value of all portions of a Member's Account under the Plan, when aggregated, is equal to or exceeds $500, then the Account will not be distributed without the consent of the Member prior to age 65 (at the earliest), but if the aggregate value of all portions of his Account is less than $500, then his Account will be distributed as soon as practicable following the termination of Employment by the Member.
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Samples: Adoption Agreement (Bridge Street Financial Inc), Adoption Agreement (CCSB Financial Corp), Agreement (Central Federal Corp)
Small Account Balances. Notwithstanding the foregoing provisions of the Plan, and except as provided in Section 7.3, if the value of all portions of a Member's ’s Account under the Plan, when aggregated, is equal to or aggregated exceeds $500, then the Account will not be distributed without the consent of the Member prior to age 65 (at the earliest), but if the aggregate value of all portions of his Account is less than $500500 or less, then his Account will be distributed in cash in a lump sum as soon as practicable following the termination of Employment by the Member.
Appears in 3 contracts
Samples: Adoption Agreement (Cape Bancorp, Inc.), Adoption Agreement (Sugar Creek Financial Corp), Adoption Agreement (First Savings Financial Group Inc)
Small Account Balances. Notwithstanding the foregoing provisions of the Plan, and except as provided in Section 7.3, if the value of all portions of a Member's Account under the Plan, when aggregated, is equal to or exceeds $5003,500, then the Account will not be distributed without the consent of the Member prior to age 65 (at the earliest), but if the aggregate value of all portions of his Account is less than $5003,500, then his Account will be distributed as soon as practicable following the termination of Employment by the Member.
Appears in 3 contracts
Samples: Adoption Agreement (American Financial Holding Corp Inc), Riverview Bancorp Inc, First Community Financial Corp /Nc/
Small Account Balances. Notwithstanding the foregoing provisions of the Plan, and except as provided in Section 7.3, if the value of all portions of a Member's Account under the Plan, when aggregated, is equal to or exceeds $500, then the Account will WILL not be distributed without the consent of the Member prior to age 65 (at the earliest), but if the aggregate value of all portions of his Account is less than $500, then his Account will be distributed as soon as practicable following the termination of Employment by the Member.
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Small Account Balances. Notwithstanding the foregoing provisions of the Plan, and except as provided in Section 7.3, if the value of all portions of a Member's ’s Account under the Plan, when aggregated, is equal to or exceeds $500, then the Account will not be distributed without the consent of the Member prior to age 65 (at the earliest), but if the aggregate value of all portions of his Account is less than $500, then his Account will be distributed as soon as practicable following the termination of Employment by the Member.
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