Common use of TIME OF PAYMENT OF ACCRUED BENEFIT Clause in Contracts

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.]

Appears in 2 contracts

Samples: Adoption Agreement (Motor Cargo Industries Inc), Adoption Agreement (Motor Cargo Industries Inc)

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TIME OF PAYMENT OF ACCRUED BENEFIT. DISTRIBUTION DATE. A distribution date under the Plan means any day of the plan yeardaily - no restrictions. [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.]

Appears in 1 contract

Samples: Adoption Agreement (Timberland Bancorp Inc)

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TIME OF PAYMENT OF ACCRUED BENEFIT. DISTRIBUTION DATE. A distribution date under the Plan means any day of the plan yearvaluation date immediately following a distribution event. [Note: The Employer must specify the appropriate date(s). The specified distribution dates primarily establish annuity starting stating 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.]

Appears in 1 contract

Samples: 401(k) Plan (Firstbank Corp/Id)

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