Common use of Withdrawal from the Plan Clause in Contracts

Withdrawal from the Plan. 5.1 A Participant who ceases to be employed by the Federation must withdraw from the plan. Within 60 days the Federation shall pay to the Participant the Deferred Compensation Amount. 5.2 In extenuating circumstances, such as financial hardship, and with the consent of the Federation, the Participant may withdraw from the plan upon giving not less than one- month notice of intent to do so. Within 30 days of such withdrawal, the Federation shall pay to the Participant the Deferred Compensation Amount. 5.3 Should the Participant die, the Federation shall, within 30 days of notification of such death to the Federation, pay the Deferred Compensation Amount to the Participant’s estate, subject to the Federation receiving the necessary clearances and proofs normally required for payment to estates.

Withdrawal from the Plan. 5.1 4.1 A Participant who ceases to be employed by the Federation must withdraw from the plan. Within 60 sixty days the Federation shall pay to the Participant the Deferred Compensation Amount. 5.2 4.2 In extenuating circumstances, such as financial hardship, and with the consent of the Federation, the Participant may withdraw from the plan upon giving not less than one- one-month notice of intent to do so. Within 30 thirty days of such withdrawal, the Federation shall pay to the Participant the Deferred Compensation Amount. 5.3 4.3 Should the Participant die, the Federation shall, within 30 thirty days of notification of such death to the Federation, pay the Deferred Compensation Amount to the Participant’s 's estate, subject to the Federation receiving the necessary clearances and proofs normally required for payment to estates.