WITHDRAWING FROM THE PLAN Sample Clauses
WITHDRAWING FROM THE PLAN. 6.1 A Participant who ceases to be employed by the University must withdraw from the Plan. Within thirty (30) days, the University shall pay to the Participant the Deferred Salary.
6.2 In the case of unforeseen and extenuating circumstances, such as financial hardship, and with the approval of the University, the Participant may withdraw from the Plan upon giving not less than three (3) months notice of intent to do so prior to the date established for the Deferred Salary Leave. Within thirty (30) days of such withdrawal, the University shall pay to the Participant the Deferred Salary plus interest.
6.3 In the event of the death of a Participant, the University shall pay the Deferred Salary to the Participant's estate, subject to the University's receiving the necessary clearances and proofs normally required for payments to estates. Payment is to be made within thirty (30) days upon receipt of such clearances and proofs.
WITHDRAWING FROM THE PLAN. 6.1 A Participant who ceases to be employed by the Board must withdraw from the Plan. Within thirty (30) days, the Board shall pay to the Participant the Deferred Salary.
6.2 In the case of unforeseen and extenuating circumstances, the Participant may withdraw from the Plan upon giving no less than three (3) months’ notice of intent to do so prior to the date established for the Deferred Salary Leave. Within thirty (30) days of such withdrawal, the Board shall pay to the Participant the Deferred Salary.
6.3 In the event of the death of a Participant, the Board shall pay the Deferred Salary to the Participant's estate, subject to the Board receiving the necessary clearances and proofs normally required for payments to estates. Payment is to be made within thirty (30) days upon receipt of such clearances and proofs.
6.4 An employee that withdraws on more than one occasion may only participate in subsequent salary deferral plans at the sole discretion of the CAO.
WITHDRAWING FROM THE PLAN. LEGAL_1:41646006.1 Any Plan Participant may withdraw from the Plan by providing notice to the CDS Participant through which the Plan Participant holds its Units. Plan Participants must provide such notice (that the Plan Participant no longer wishes to participate in the Plan) to the CDS Participant sufficiently in advance of the applicable Distribution Record Date in respect of the next expected Distribution, in which the Plan Participant does not wish to participate. Such notice must be in accordance with the procedure established by the CDS Participant. If notice is not received by the CDS Participant prior to the CDS Participant’s deadline, the Plan Participant will participate in the Plan for that Distribution but will receive cash Distributions for Distributions payable thereafter.