Early Distribution definition

Early Distribution means an election by Participant in accordance with Section 6.2 to receive a withdrawal of amounts from his or her Deferral Account and Company Contribution Account prior to the time at which such Participant would otherwise be entitled to such amounts.

Early Distribution means an election by the Participant, pursuant to Section 7.6, to receive a distribution of amounts from the Participant’s Deferral Account, IR Stock Account, vested Discretionary Company Contribution Account and vested Supplemental Contribution Account with respect to a specific Plan Year prior to the time at which such Participant would otherwise be entitled to such amounts.

Early Distribution means an election by a Participant in accordance with Section 6.3 to receive a withdrawal of amounts from his or her Compensation Deferral Subaccount, and any vested Company Discretionary and/or Matching Contribution Subaccounts, prior to the time at which such Participant would otherwise be entitled to such amounts.

Examples of Early Distribution in a sentence

• If withholding is applied to your withdrawal, not less than 10 percent of the amount withdrawn must be withheld.K. Early Distribution Penalty Tax – If you receive a Traditional IRA distribution or a nonqualified Roth IRA distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.

• If withholding is applied to your withdrawal, not less than 10 percent of the amount withdrawn must be withheld.H. Early Distribution Penalty Tax – If you are under age 59½ and receive a nonqualified Roth IRA distribution, an additional early distribution penalty tax of 10 percent generally will apply to the amount includible in income in the year of the distribution.

• Early Distribution Penalty Tax – If you are under age 59½ and receive a nonqualified Xxxx XXX distribution, an additional early distribution penalty tax of 10% generally will apply to the amount includible in income in the year of the distribution.

• Also, participants who receive a distribution prior to age 59 1/2 should be aware that they may be subject to an additional 10% Early Distribution Penalty Tax.

• Early Distribution Penalty Tax – If you are under age 59½ and receive a Traditional IRA distribution, an additional early distribution penalty tax of 10% generally will apply to the amount includible in income in the year of the distribution.

More Definitions of Early Distribution

Early Distribution means the benefit payment option available to a Participant under Section 5.1(a) hereof.

Early Distribution means an election by a Participant, with respect to the Participant’s pre-2005 Plan Year balances as set forth in the Pre-409A Plan Document at Appendix A, and in accordance with Plan section 6.2 to accelerate or otherwise change the time or form (or time and form) of payment with respect to such pre-2005 deferrals.

Early Distribution means an election by a Participant in accordance with Section 7.2 to receive a withdrawal of amounts from his or her Deferral Account, Transferred Account, Company Matching Account and 401(k) Excess Account prior to the time in which such Participant would otherwise be entitled to such amounts.

Early Distribution shall have the meaning specified in Section 9.03(b).

Early Distribution means (i) any prepayment on the WCG Note or (ii) any proceeds from a Reset Sale or a sale of the WCG Note pursuant to Section 9.04(i)(i),(ii) or (iii).

Early Distribution means a Distribution pursuant to Section 4.3 of the Plan.

Early Distribution means a distribution ------------------ prior to Termination of Employment pursuant to Section 5.5.