Common use of Deferred Distribution Clause in Contracts

Deferred Distribution. Except in the case of amounts subject to Subsection 2.5.7(i) for which a Participant’s consent is not required, unless the Adoption Agreement permits the Employee to elect earlier commencement and the Employee so elects or the Employee elects to further defer distribution, if the employment of a Participant is terminated by reason of resignation or discharge prior to either his Early or Normal Retirement Age, distribution of his Distributable Benefit shall be deferred and commenced no later than the sixtieth (60th) day after the last day of the Plan Year in which the following occurs:

Deferred Distribution. Except in the case of amounts subject to Subsection 2.5.7(iSection 2.5.2(h) for which a Participant’s 's consent is not required, unless the Employer elects in the Adoption Agreement permits to permit the Employee to elect earlier commencement and the Employee so elects or the Employee elects to further defer distribution, if the employment of a Participant is terminated by reason of resignation or discharge prior to either his Early Retirement Date or his Normal Retirement AgeDate, distribution of his Distributable Benefit shall be deferred and commenced no later than on the sixtieth (60th) day after the last day close of the Plan Year in which later of the following occursPlan Years: