Examples of Retirement Choice Program in a sentence
All amounts so elected shall be accepted by the Trustee and invested in accordance with Section 6.1. No amounts attributable to Employer Contributions resulting from Participant elections made pursuant to the Cash Balance Plan and the Retirement Choice Program shall be available for withdrawal from the Plan until the Participant's termination of employment by the Company or any Affiliate.
Pursuant to the Cash Balance Plan and the Retirement Choice Program, Participants who so elect may have certain service and age points otherwise allocate to them under the Cash Balance Plan made as an Employer Contribution to their Accounts under this Plan.
Pursuant to the Cash Balance Plan and the Retirement Choice Program, Participants who so elect may have certain service and age points otherwise allocated to them under the Cash Balance Plan made as an Employer Contribution to their Savings Accounts under this Plan.
Notwithstanding any of the foregoing, no withdrawals of Employer Contributions made in shares of Enterprise Common Stock or resulting from Participant elections made pursuant to the Cash Balance Plan and the Retirement Choice Program shall be permitted prior to the date that the Participant terminates his or her employment.
In addition, if a Participant is eligible for Retirement, suffers a Disability, is Laid Off or dies, such Participant shall have a 100% vested interest in his or her Retirement Choice Program Allocation Subaccount.
Notwithstanding the foregoing, amounts held in the Retirement Choice Program Allocation Subaccount of a Participant's Account shall vest in accordance with Section 5.5 of the Cash Balance Plan, which provides in pertinent part that a Participant who terminates employment with the Company prior to Retirement but after he or she has completed five or more Years of Service shall have a 100% vested interest in his or her Retirement Choice Program Allocation Subaccount.
Each Employee may become a Participant by applying with the Record Keeper to establish a Savings Account or accept a Rollover Contribution on such Employee's behalf, when an ESOP Account was established on his or her behalf or when the Employee elects to make transfers of age and service credits pursuant to the terms of the Cash Balance Plan and the Retirement Choice Program.
However, no amount may be loaned directly from any ESOP Account, from any portion of the Enterprise Common Stock Fund attributable to Employer Contributions made in shares of stock or from Employer Contributions resulting from Participant elections made pursuant to the Cash Balance Plan and the Retirement Choice Program.
Retirement Choice Program Allocation Subaccount shall mean that portion of a Participant's Thrift Account which evidences the value of certain service and age points allocated to this Plan pursuant to the Cash Balance Plan and the Retirement Choice Plan and in accordance with Section 5.6 herein, including the net worth of the Trust Fund attributable thereto.
However, no amount may be loaned directly from any Frozen ESOP Account, from Employer Contributions resulting from Participant elections made pursuant to the Cash Balance Plan and the Retirement Choice Program or from investments held in the Personal Choice Retirement Account Fund.