Common use of Timing of Distribution Clause in Contracts

Timing of Distribution. The Plan Administrator will direct the Trustee to commence distribution of a Participant's Vested Account Balance in accordance with this Section 6.01 upon the Participant's Separation from Service for any reason, or if the Participant exercises an in-Service distribution right under the Plan. The Trustee may make Plan distributions on any administratively practicable date during the Plan Year, consistent with the Employer's elections in its Adoption Agreement.

Appears in 3 contracts

Samples: Participation Agreement (Petco Animal Supplies Inc), CRH Public LTD Co, Bank of Granite Corp

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Timing of Distribution. The Plan Administrator will direct the Trustee to commence distribution of a Participant's ’s Vested Account Balance in accordance with this Section 6.01 upon the Participant's ’s Separation from Service for any reason, or if the Participant exercises an in-Service distribution right under the Plan. The Trustee may make Plan distributions on any administratively practicable date during the Plan Year, consistent with the Employer's ’s elections in its Adoption Agreement.

Appears in 2 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp), Trimeris Inc

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Timing of Distribution. The Plan Administrator will direct the Trustee ---------------------- to commence distribution of a Participant's Vested Account Balance in accordance with this Section 6.01 upon the Participant's Separation from Service for any reason, or if the Participant exercises an in-Service distribution right under the Plan. The Trustee may make Plan distributions on any administratively practicable date during the Plan Year, consistent with the Employer's elections in its Adoption Agreement.

Appears in 1 contract

Samples: Adoption Agreement (Gold Banc Corp Inc)

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