Withdrawal Election. You (or, after your death, your Beneficiary) may elect, at any time, to withdraw all of your Account Balance, less a withdrawal penalty equal to 10% of such amount. This election can be made at any time before or after your Retirement, Disability, death or Termination of Employment, and whether or not you (or your Beneficiary) is in the process of being paid pursuant to an installment payment schedule. No partial withdrawals of your Account Balance shall be allowed. You (or your Beneficiary) shall make this election by giving the Committee advance written notice of the election in a form determined from time to time by the Committee. Once you have withdrawn your Account Balance your participation in the Plan shall terminate and you shall not be eligible to participate in the Plan in the future.
Appears in 4 contracts
Samples: Deferral Agreement (Alliance Capital Management L P), Deferral Agreement (Alliance Capital Management L P), Deferral Agreement (Alliance Capital Management Holding Lp)
