Common use of DETERMINATION OF BENEFITS UPON DEATH Clause in Contracts

DETERMINATION OF BENEFITS UPON DEATH. (a) Upon the death of a Participant before the Participant's Retirement Date or other termination of employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, become fully Vested. The Administrator shall direct, in accordance with the provisions of Sections 6.6 and 6.7, the distribution of the deceased Participant's Vested accounts to the Participant's Beneficiary.

Appears in 4 contracts

Samples: MSC Software Corp, Adoption Agreement (Baldwin Technology Co Inc), Aceto Corp

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DETERMINATION OF BENEFITS UPON DEATH. (a) Upon the death of a Participant before the Participant's his Retirement Date or other termination of his employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, shall become fully Vested. The Administrator shall directdirect the Trustee, in accordance with the provisions of Sections 6.6 and 6.7, to distribute the distribution value of the deceased Participant's Vested accounts to the Participant's Beneficiary.

Appears in 2 contracts

Samples: Aironet Wireless Communications Inc, Telxon Corp

DETERMINATION OF BENEFITS UPON DEATH. (a) Upon the death of a Participant before the Participant's his Retirement Date or other termination of his employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, shall become fully Vested. The Administrator shall directdirect the Trustee, in accordance with the provisions of Sections 6.6 6.5 and 6.76.6, to distribute the distribution value of the deceased Participant's Vested accounts to the Participant's Beneficiary.

Appears in 1 contract

Samples: Ameritrade Holding Corp

DETERMINATION OF BENEFITS UPON DEATH. (a) 100% vesting on death. Upon the death of a Participant before the Participant's Retirement Date or other termination severance of employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, become fully Vested. The Administrator shall direct, in accordance with the provisions of Sections 6.6 and 6.7, the distribution of the deceased Participant's Vested accounts to the Participant's Beneficiary.

Appears in 1 contract

Samples: www.mfs.com

DETERMINATION OF BENEFITS UPON DEATH. (a) Upon the death of a Participant before the Participant's his Retirement Date or other termination of his employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, shall become fully Vested. The Administrator shall directdirect the Trustee, in accordance with the provisions of Sections 6.6 6.06 and 6.76.07, to distribute the distribution value of the deceased Participant's Vested accounts to the Participant's Beneficiary.

Appears in 1 contract

Samples: Fulton Financial (Fulton Financial Corp)

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DETERMINATION OF BENEFITS UPON DEATH. (a) Upon the death of a Participant before the Participant's Retirement Date or other termination of employment, all amounts credited to such Participant's Combined Account shall, if elected in the Adoption Agreement, shall become fully Vested. The Administrator shall directdirect the Trustee, in accordance with the provisions of Sections 6.6 and 6.7, to distribute the distribution value of the deceased Participant's Vested accounts to the Participant's Beneficiary.

Appears in 1 contract

Samples: Winton Financial Corp

DETERMINATION OF BENEFITS UPON DEATH. (a) Upon the death of a Participant before the Participant's ’s Retirement Date or other termination of employment, all amounts credited to such Participant's Combined ’s Account shall, if elected in the Adoption Agreement, become fully Vested. The Administrator shall directdirect the Insurer (or Trustee, if applicable), in accordance with the provisions of Sections 6.6 6.06 and 6.76.07, to distribute the distribution value of the deceased Participant's ’s Vested accounts to the Participant's ’s Beneficiary.

Appears in 1 contract

Samples: www.usf.edu

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