SPECIAL RULE FOR COMPANY STOCK. Unless a Terminated Participant elects in writing a longer distribution period under paragraph (a), distribution of his or her Company Stock Account will be in substantially equal monthly, quarterly, semiannual, or annual installments over a period not longer than 5 years. If a Terminated Participant's Company Stock Account exceeds $500,000, the 5 year period will be extended t additional year (but not more than 5 additional years) for each $100,000 or fraction thereof by which the Participant's Company Stock Account balance exceeds $500,000. The dollar limits herein will be adjusted at the same time and in the same manner as provided in Code Section 415(d).
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SPECIAL RULE FOR COMPANY STOCK. Unless a Terminated the Participant elects in writing a longer distribution period under paragraph (a), distribution of his or her a Participant's Company Stock Account will be in substantially equal monthly, quarterly, semiannual, or annual installments over a period not longer than 5 years. If a Terminated the Participant's Company Stock Account balance exceeds $500,000, the 5 year period will be extended t 1 additional year (but not more than 5 additional years) for each $100,000 or fraction thereof by which the Participant's Company Stock Account balance exceeds $500,000. The dollar limits herein will be adjusted at the same time and in the same manner as provided in Code Section 415(d).
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