Specified Age definition
Examples of Specified Age in a sentence
If payment of the Participant’s vested Accounts is to be distributed upon a Specified Age, the Account(s) shall be calculated as of the Valuation Date.
Retirement plus 6 months Retirement plus months [not to exceed months] Later of Separation from Service or Specified Age Later of Separation from Service or Specified Date Disability Change in Control The minimum deferral period for Specified Date or Specified Age event shall be three (3) years.
Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months].
Specified Date and Specified Age elections may not extend beyond age Not Applicable [insert age or “Not Applicable” if no maximum age applies].
For example, if a Participant is deferring Compensation that will relate to services performed in 2015, that Participant cannot elect a Specified Date or a Specified Age that will occur prior to January 1, 2018.