Cash-Outs. Notwithstanding anything in this Article V or in Article VI to the contrary, if at the time of a Participant's death or other termination of employment occurring in any Plan Year beginning after August 5, 1997 the present value of any Accrued Benefit payable to or with respect to him under the Plan, i.e., the Vested portion of his Fixed Account derived from Company contributions plus his account, if any, derived from nondeductible employee contributions made by him to the Trust does not exceed, or at the time of any prior distribution did not exceed, $5,000, such benefit shall be paid to his Beneficiary or to him in a
Cash-Outs. Effective for years beginning on or after January 1, 2020, increase the limit on account balances that may be automatically distributed by $800 (from $200 to $1,000) for applicable participants who have terminated employment (regardless of termination date).
Cash-Outs. Notwithstanding anything to the contrary --------- contained in this Plan, if an annuity benefit which is payable to the surviving Eligible Spouse of a deceased Participant or Former Participant pursuant to Subsections (b) or (c):
Cash-Outs. 44 8.13 Former Spouse Under Qualified Domestic Relations Order...................... 45 8.14 Purchase of Annuities; Nontransferability Provisions........................ 45 8.15
Cash-Outs. (a) Distributions Not In Excess Of $3,500. If the total amount otherwise required to be distributed in the form of a qualified joint and survivor annuity or a qualified preretirement survivor annuity to a Participant or his or her surviving spouse under Article 8.7 or 8.8 does not exceed $3,500, such distribution shall automatically be made in the form of a lump-sum payment. No distribution shall be made under the preceding sentence after the first day of the first period for which an amount is received as an annuity unless the Participant and his or her spouse (or the Participant's surviving spouse if the Participant has died) consents in writing to such distribution.
Cash-Outs. For purposes of determining whether a Participant's consent is required with respect to a distribution to be made after December 31, 2001, the balance of the Participant's sub-account for rollover contributions shall be disregarded in determining whether the Vested portion of the balance of the Participant's Individual Account exceeds $5,000 under Section 6.01(A)(3) or 6.03(I3.
Cash-Outs a. ☒ Small account balances will be cashed out upon a distribution event. i The cash-out amount is:
Cash-Outs. Because of dispatching and other causes outside of Buyer’s reasonable control, imbalances may occur between the total heating value of the Residue Gas delivered to downstream pipelines at the Delivery Points for Seller’s account and the allocated quantity of Residue Gas attributable to Seller’s Gas. Similarly, imbalances may occur between the allocated volumes of Seller’s Plant Products that are delivered to downstream pipelines at the Plant Products Delivery Points for Seller’s account and the allocated Plant Products attributable to Seller’s Gas. For imbalance events at Delivery Points or Plant Products Delivery Points where Buyer does not have an operational balancing agreement in place, the Parties agree to settle cash outs and pay applicable penalties for imbalance positions according to the respective cash out and penalty policies of such downstream pipeline and the Party causing the imbalance shall be assessed said penalty or cash out, and reimburse same to the other Party if the other Party is required to pay same to the pipeline company. The Party to whom payment is owed hereunder shall provide an invoice to the other Party for same, along with reasonable documentation evidencing same, and the other Party will reimburse the invoicing Party for same in accordance with the payment terms set forth in Section 8.01 of the Agreement. Upon the expiration of the term of the Agreement, the termination or cancellation of the Agreement, or Seller’s assignment of all of its right, title, and interest in the Agreement, the Parties agree to settle any remaining imbalance through a final cash out settlement, and such imbalance settlement obligation shall survive any expiration, termination or cancellation of the Agreement. The price for final cash out settlement of Seller’s Residue Gas and Seller’s Plant Products will be as follows:
Cash-Outs. Upon the occurrence of a Cash Out Event, the Company may elect, in its sole discretion, to cancel each outstanding Trust Option in exchange for the Cash Out Amount. In such event, the Cash Out Amount (less any required tax withholdings) shall be distributed to Participants in accordance with the terms of the Plan and the Trust.
Cash-Outs. Notwithstanding anything in this Article V or in Article VI to the contrary, if at the time of a Participant's death or other termination of employment the present value of any Accrued Benefit payable to or with respect to him under the Plan, i.e., the Vested portion of his Fixed Account derived from ESOP Contributions and 401(k) Contributions, does not exceed, or at the time of any prior distribution did not exceed, $3,500, such benefit shall be
