TIME OF PAYMENT OF ACCRUED BENEFIT. Unless, pursuant to Section 6.03, the Participant or the Beneficiary elects in writing to a different time or method of payment, the Advisory Committee will direct the Trustee to commence distribution of a Participant's Nonforfeitable Accrued Benefit in accordance with this Section 6.01. A Participant must consent, in writing, to any distribution required under this Section 6.01 if the present value of the Participant's Nonforfeitable Accrued Benefit, at the time of the distribution to the Participant, exceeds $3,500 and the Participant has not attained the later of Normal Retirement Age or age 62. Furthermore, the Participant's spouse also must consent, in writing, to any distribution, for which Section 6.04 requires the spouse's consent. For all purposes of this Article VI, the term "annuity starting date" means the first day of the first period for which the Plan pays an amount as an annuity or in any other form. A distribution date under this Article VI, unless otherwise specified within the Plan, is the date or dates the Employer specifies in the Adoption Agreement, or as soon as administratively practicable following that distribution date. For purposes of the consent requirements under this Article VI, if the present value of the Participant's Nonforfeitable Accrued Benefit, at the time of any distribution, exceeds $3,500, the Advisory Committee must treat that present value as exceeding $3,500 for purposes of all subsequent Plan distributions to the Participant.
TIME OF PAYMENT OF ACCRUED BENEFIT. Distribution date. A distribution date under the Plan means _______________________________________________________________________________. [Note: The Employer must specify the appropriate date(s). The specified distribution dates primarily establish annuity starting dates and the notice and consent periods prescribed by the Plan. The Plan allows the Trustee an administratively practicable period of time to make the actual distribution relating to a particular distribution date.] Nonforfeitable Accrued Benefit Not Exceeding $3,500. Subject to the limitations of Section 6.01(A)(1), the distribution date for distribution of a Nonforfeitable Accrued Benefit not exceeding $3,500 is: (Choose (a), (b), (c), (d) or (e))
(a) of the _____________ Plan Year beginning after the Participant's Separation from Service.
(b) following the Participant's Separation from Service.
(c) of the Plan Year after the Participant incurs ___________________ Break(s) in Service (as defined in Article V).
(d) following the Participant's attainment of Normal Retirement Age, but not earlier than _________ days following his Separation from Service.
(e) (Specify) _________________________________________________. Nonforfeitable Accrued Benefit Exceeds $3,500. See the elections under Section 6.03.
TIME OF PAYMENT OF ACCRUED BENEFIT. Distribution date. A distribution date under the Plan means the first day of every month of the Plan Year. [NOTE: THE EMPLOYER MUST SPECIFY THE APPROPRIATE DATE(S). THE SPECIFIED DISTRIBUTION DATES PRIMARILY ESTABLISH ANNUITY STARTING DATES AND THE NOTICE AND CONSENT PERIODS PRESCRIBED BY THE PLAN. THE PLAN ALLOWS THE TRUSTEE AN ADMINISTRATIVELY PRACTICABLE PERIOD OF TIME TO MAKE THE ACTUAL DISTRIBUTION RELATING TO A PARTICULAR DISTRIBUTION DATE.] NONFORFEITABLE ACCRUED BENEFIT NOT EXCEEDING $3,500. Subject to the limitations of Section 6.01(A)(1), the distribution date for distribution of a Nonforfeitable Accrued Benefit not exceeding $3,500 is: (Choose (a), (b), (c), (d) or (e)).
(a) of the __________________Plan Year beginning after the Participant's Separation from Service.
(b) The first administratively feasible date following the Participant's Separation from Service.
(c) of the Plan Year after the Participant incurs ____ Break(s) in Service (as defined in Article V).
(d) _____________________________following the Participant's attainment of Normal Retirement Age, but not earlier than _______________ days following his Separation from Service. [ ] (e) (SPECIFY) ________________________________________. NONFORFEITABLE ACCRUED BENEFIT EXCEEDS $3,500. See the elections under Section 6.03.
TIME OF PAYMENT OF ACCRUED BENEFIT. Distribution date. A distribution date under the Plan means ___________________________________________________________. [
TIME OF PAYMENT OF ACCRUED BENEFIT. Distribution date. A distribution date under the Plan means the 60th day following each semi-annual valuation date . [Note: The Employer must specify the appropriate date(s). The specified distribution dates primarily establish annuity starting dates and the notice and consent periods prescribed by the Plan. The Plan allows the Trustee an administratively practicable period of time to make the actual distribution relating to a particular distribution date.] Nonforfeitable Accrued Benefit Not Exceeding $3,500. Subject to the limitations of Section 6.01(A)(1), the distribution date for distribution of a Nonforfeitable Accrued Benefit not exceeding $3,500 is: (Choose (a), (b), (c), (d) or (e))
(a) of the _________ Plan Year beginning after the Participant's Separation from Service. [ x ] (b) the first distribution date following the Participant's Separation from Service.
TIME OF PAYMENT OF ACCRUED BENEFIT. Distribution date. A distribution date under the Plan means THE FIRST DAY OF EACH MONTH _________________________________________ [Note: The Employer must specify the appropriate date(s). The specified distribution dates primarily establish annuity starting dates and the notice and consent periods prescribed by the Plan. The Plan allows the Trustee xxx administratively practicable period of time to make the actual distribution relating to a particular distribution date.) NONFORFEITABLE ACCRUED BENEFIT NOT EXCEEDING $3,500. Subject to the limitations of Section 6.01(A)(1), the distribution date for distribution of a Nonforfeitable Accrued Benefit not exceeding $3,500 is: (Choose (a), (b), (c) or (d))
(a) of the ___________________ Plan Year beginning after the Participant's Separation from Service. [X] (b) AS SOON AS ADMINISTRATIVELY FEASIBLE following the Participant's Separation from Service.
TIME OF PAYMENT OF ACCRUED BENEFIT. DISTRIBUTION DATE. A distribution date under the Plan means any day of the plan year. [Note: The Employer must specify the appropriate date(s). The specified distribution dates primarily establish annuity starting dates and the notice and consent periods prescribed by the Plan. The Plan allows the Trustee an administratively practicable period of time to make the actual distribution relating to a particular distribution date.]
TIME OF PAYMENT OF ACCRUED BENEFIT. Distribution date. A distribution date under the Plan means every business day of the Plan Year. [Note: The Employer must specify the appropriate date(s). The specified distribution dates primarily establish annuity starting dates and the notice and consent periods prescribed by the Plan. The Plan allows the Trustee an administratively practicable period of time to make the actual distribution relating to a particular distribution date.] Nonforfeitable Accrued Benefit Not Exceeding $3,500. Subject to the limitations of Section 6.01(A)(1), the distribution date for distribution of a Nonforfeitable Accrued Benefit not exceeding $3,500 is: (Choose (a), (b), (c), (d) or (e))
(a) of the ___________________________ Plan Year beginning after the Participant's Separation from Service. [X] (b) The first administratively practicable distribution date following the Participant's Separation from Service.
TIME OF PAYMENT OF ACCRUED BENEFIT. Unless, pursuant to ----------------------------------
TIME OF PAYMENT OF ACCRUED BENEFIT. Distribution date. A distribution date under the Plan means ninety days following termination unless the participant has reached his Normal Retirement Age or has reached age 55 and 10 years of service, in which case his distribution date shall be as soon as practical after his Separation from Service. . [Note: The Employer must specify the appropriate date(s). The specified distribution dates primarily establish annuity starting dates and the notice and consent periods prescribed by the Plan. The Plan allows the Trustee an administratively practicable period of time to make the actual distribution relating to a particular distribution date.]
