Common use of Timing of Distribution Clause in Contracts

Timing of Distribution. (a) The Custodian shall distribute, or commence distribution of the balance credited to a Participant’s Account upon receipt of evidence satisfactory to the Custodian that one or more of the following events has occurred: (1) the Participant’s death; (2) the Participant’s severance from employment; (3) the Participant becomes Disabled; (4) the Participant attains age 59 ½;