Examples of Delayed Distribution Date in a sentence
A new Participant may elect a Delayed Distribution Date for a Death Termination Date, and/or a Delayed Distribution Date for any other Termination Date, in a Payment Election made as soon as reasonably practicable after receiving his or her first Grant Notice concerning participation in this Plan, but not later than the day before the date on which he or she becomes a Non-employee Director.
Each Participant who is credited with any Stock Units under this Plan may elect as provided in this Section 6 (a "Payment Election") to have the Company deliver any Common Stock derived from all of his or her Stock Units on the last day of a specified period of months (not exceeding 120 months) following his or her Termination Date and designated by the Non-employee Director as provided below (a "Delayed Distribution Date").
After any Death Termination Date, Company shall distribute to the Participant's Beneficiary or Beneficiaries the balance of the Participant's entire Account at the Normal Distribution Date or Delayed Distribution Date (as applicable to the Participant) under Section 6 with respect to a Death Termination Date.
Neither a Participant who works past age 701⁄2, nor a participant with an account value less than $3,500, nor a Beneficiary may elect a Delayed Distribution Date.
After any Death Termination Date, Company shall distribute to the Participant’s Beneficiary or Beneficiaries the dollar amount of the balance of the Participant’s entire Account at the Normal Distribution Date or Delayed Distribution Date (as applicable) required or elected under Section 6 with respect to a Death Termination Date.
Within 60 days of Termination of Service, a Participant shall elect a Delayed Distribution Date.
Participant’s election becomes irrevo- cable after the 60-day election period expires until the Delayed Distribution Date is reached.
This Notice is given by authority of the Atlantic Community School District.
Notwithstanding any other provision in the Plan to the contrary, a distribution to a Specified Employee uponSeparation from Service, including Retirement, (and any other event required by Treasury Regulations issued pursuant to Section 409A of the I.R.C.) shall commence on the Delayed Distribution Date, which shall be six (6) months and one day following the Original Distribution Date.
If the Participant's Termination Date occurs before his or her death, the Company shall distribute to the Participant (or his or her Beneficiary or Beneficiaries, if the Participant dies after the Termination Date) the balance of the Participant's entire Account at the Normal Distribution Date or Delayed Distribution Date (as applicable to the Participant) under Section 6 with respect to a Termination Date other than the Participant's date of death.