Retirement Distribution definition

Retirement Distribution means any distribution other than a Hardship Distribution that begins before the death of the Participant.
View Source
Retirement Distribution means a distribution of a Participant's Account in accordance with an effective election of a Participant made under Section 4.2.
View Source

Examples of Retirement Distribution in a sentence

  • For each Retirement Distribution Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Distribution Portfolios.

  • Retirement Distribution Portfolio Retirement Rising Distribution Portfolio (collectively, the “Retirement Portfolios”) The Trust will pay the Adviser, as full compensation for all services provided under this Agreement with respect to each Retirement Portfolio, a fee computed separately for each Retirement Portfolio as follows (the “Adviser Fee”).

  • Retirement Distribution Portfolios N/A See below Retirement Portfolios N/A See below Science & Technology Fund Science & Technology Trust (JHT) 1.050% — first $500 million; and 1.000% — excess over $500 million.

  • Retirement Distribution Portfolio N/A See below Retirement Rising Distribution Portfolio N/A See below Science & Technology Fund Science & Technology Trust (JHT) 1.050% — first $500 million; and 1.000% — excess over $500 million.

  • An initial annual installment payment shall be equal to (i) the value of such Retirement Distribution Account to be so distributed as of the last business day of the Plan Year preceding the date of payment, divided by (ii) the number of annual installment payments elected by the Participant.

  • Notwithstanding the foregoing, a Participant shall not be entitled to allocate any deferrals to an In-Service Distribution Account for the two Plan Years preceding the Plan Year which includes the date on which such Account is to be distributed and such additional deferrals shall instead be allocated to the Retirement Distribution Account.

  • The remaining annual installments shall be paid not later than February 28 of each succeeding Plan Year in an amount equal to (i) the value of such Retirement Distribution Account as of the last business day of the immediately preceding Plan Year divided by (ii) the number of installments remaining.

  • A Participant’s Distribution Accounts shall consist of the Retirement Distribution Account and one or more In-Service Distribution Accounts.

  • If the distribution exhausts the In-Service Distribution Accounts, the Retirement Distribution Account may be accessed.

  • Subject to Section 7.1, distribution of the Participant’s Retirement Distribution Account shall commence no later than the later of (a) the 60th day after the Participant’s Retirement or (b) the year following the Participant’s attainment of age 65 or other elected age less than age 65, as elected by the Participant in the Election Agreement pursuant to which such Retirement Distribution Account was established.