Examples of Initial Distribution Election in a sentence
The distribution date under the Subsequent Distribution Election must be at least five years after the date such payment would have been made to the Participant under the Initial Distribution Election under Section 12(a).
The distribution date under the Subsequent Distribution Election must be at least five years after the date the first payment would have been made to the Participant under the Initial Distribution Election under Section 12(a) or (b), whichever is applicable.
If an individual becomes a Newly Hired Eligible Employee after the beginning of a Plan Year, the Plan Administrator has the sole discretion to determine whether such individual may file an Initial Distribution Election for the Restoration Benefit.
At the time of making his Initial Distribution Election, a Participant may elect to receive up to three distributions of the contributions in his Post-2004 Deferral Account, without earnings, while he is actively employed.
If a Participant fails to make an Initial Distribution Election by such deadline, his Initial Distribution Election shall be determined by the applicable default Distribution Election described in Section 12(b) below.
A Participant may make an Initial Distribution Election by the later of the date he first makes an election to participate in the Plan or December 31, 2008.
In order to elect to change the time or form of distribution of the Restoration Benefit, a Participant shall file an Initial Distribution Election or Subsequent Distribution Election, written or electronic, in accordance with procedures established by the Plan Administrator.
In the event of an Initial Distribution Election under this Section 4.5(a), such election shall apply to the Restoration Benefit earned for services performed on and after the first day of the month following or coincident with the 31st day after his Date of Hire.
Initial Distribution Election for Newly ARTICLE 5 ARTICLE 6 SOURCE OF BENEFIT PAYMENTS ARTICLE 7 NOT A CONTRACT OF EMPLOYMENT ARTICLE 8 NO ALIENATION OR ASSIGNMENT ARTICLE 9 ERISA ARTICLE 10 AMENDMENT AND TERMINATION ARTICLE 11 ARTICLE 12 APPENDIX A APPENDIX B APPENDIX C SUNTRUST BANKS, INC.
Absent an Initial Distribution Election under Section 7.4 or Subsequent Deferral Election under Section 7.5, distributions to a Participant (other than a SERP Participant) of his accrued benefits under the Plan shall normally commence the first day of the seventh month following the Participant’s Separation from Service (or, if earlier, within 90 days following the Participant’s death).