Common use of Small Amounts Paid Immediately Clause in Contracts

Small Amounts Paid Immediately. If a Participant incurs a Termination of Employment and the Participant’s vested Accrued Benefit is $1,000 or less, the Participant’s Accrued Benefit will be paid as a single sum as soon as administratively possible, pursuant to such procedures as may be established by the Administrator.

Small Amounts Paid Immediately. If a Participant incurs a Termination of Employment and the Participant’s vested Accrued Benefit is $1,000 or lessless at any time, including after withdrawals have commenced, the Participant’s Accrued Benefit will be paid as a single sum as soon as administratively possible, pursuant to such procedures as may be established by the Administrator.