Common use of Death before distribution of balance Clause in Contracts

Death before distribution of balance. If the Participant dies before distribution of his Vested Balance commences, the Participant’s entire Vested Balance shall be completely distributed by December 31 of the calendar year containing the fifth (5th) anniversary of the Participant’s death except to the extent that an election is made to receive distributions in accordance with (1) or (2) below:

Appears in 3 contracts

Samples: Adoption Agreement (BRPP LLC), Adoption Agreement (Sonic Corp), Fairfax Financial Holdings LTD/ Can

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Death before distribution of balance. If the Participant dies before distribution of his Vested Balance commences, the Participant’s 's entire Vested Balance shall be completely distributed by December 31 of the calendar year containing the fifth (5th) anniversary of the Participant’s 's 57 death except to the extent that an election is made to receive distributions in accordance with (1) or (2) below:

Appears in 1 contract

Samples: Metals Usa Inc

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Death before distribution of balance. If the Participant dies before distribution of his Vested Balance commences, the Participant’s 's entire Vested Balance shall be completely distributed by December 31 of the calendar year containing the fifth (5th) anniversary of the Participant’s 's death except to the extent that an election is made to receive distributions in accordance with (1) or (2) below:

Appears in 1 contract

Samples: Metals Usa Inc

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