DISTRIBUTION OF ACCOUNT BALANCE Sample Clauses

DISTRIBUTION OF ACCOUNT BALANCE. 35. MANDATORY DISTRIBUTION (6.01(A)(1)/6.08(D)). The Plan provides or does not provide for Mandatory Distribution of a Participant's Vested Account Balance following Separation from Service, as follows (Choose one of (a) or (b)):
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DISTRIBUTION OF ACCOUNT BALANCE. 39. POST-
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DISTRIBUTION OF ACCOUNT BALANCE. The Employer shall pay to the Employee, or to the Beneficiary if the Employee is disabled or not then living, the full amount of the account balance held hereunder for the benefit of the Employee as valued on the last date of the Contract Period as a result of:
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DISTRIBUTION OF ACCOUNT BALANCE. Except as otherwise provided in this Section 5, the Executive's Account Balance shall be paid to the Executive in accordance with his election pursuant to Section 5.3 hereof, either:
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DISTRIBUTION OF ACCOUNT BALANCE. Upon the earlier of a Participant’s Termination of Service or Retirement for any reason, the Participant (or his Beneficiary, if the Participant is deceased) shall be entitled to the full value as of the date of his Termination of Service or Retirement of any Bookkeeping Account established for him. A Participant or Beneficiary shall elect a manner of distribution of his Bookkeeping Accounts as provided hereinafter on such forms as the Committee shall provide. No other manner of distribution shall be provided, and the same manner of distribution shall be applicable to all Bookkeeping Accounts. The request by the Participant or Beneficiary shall be in writing and shall be filed with the Committee at least thirty (30) days before distribution is to be made. The alternative forms of distribution are as follows:
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DISTRIBUTION OF ACCOUNT BALANCE. 44. MANDATORY DISTRIBUTION (6.01(A)(1)/6.08(D)). The Plan provides or does not provide for Mandatory Distribution of a Participant’s Vested Account Balance following Severance from Employment, as follows (Choose one of (a) or (b)): Nonstandardized 401(k) Plan
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DISTRIBUTION OF ACCOUNT BALANCE 
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Related to DISTRIBUTION OF ACCOUNT BALANCE

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Distributions from Collection Account Subject to Section 8.2(e), on each Payment Date the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Collection Account and make deposits and payments, to the extent of Available Funds in the Collection Account for that Payment Date, in the following order of priority (pro rata within each priority level based on the amounts due except as otherwise stated):

  • Distribution of Benefit The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • Death During Distribution of a Benefit If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

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