Common use of DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES Clause in Contracts

DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from the Trust to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.11, under a systematic withdrawal plan (installment(s)) upon retirement, death,

Appears in 4 contracts

Samples: Adoption Agreement (Lexington Precision Corp), Adoption Agreement (Lawter International Inc), Marine Transport Corp

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DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from under the Trust Plan to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.111.10 and specified in the Participant's deferral election, under a systematic withdrawal plan (installment(s)) not exceeding 10 years upon retirement, death,death or other termination of employment.

Appears in 1 contract

Samples: Adoption Agreement (Fair Isaac & Company Inc)

DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from under the Trust Plan to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.111.10 and specified in the Participant’s deferral election, under a systematic withdrawal plan (installment(s)) not exceeding 10 years upon retirement, death,death or other termination of employment.

Appears in 1 contract

Samples: Adtran Inc

DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from the Trust to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.11, under a systematic withdrawal plan (installment(s)) upon retirement, death,Plan

Appears in 1 contract

Samples: Acadia Pharmaceuticals Inc

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DISTRIBUTION OF BENEFITS TO PARTICIPANTS AND BENEFICIARIES. (a) Distributions from under the Trust Plan to a Participant or to the Beneficiary of the Participant shall be made in a lump sum in cash or, if elected by the Employer in Section 1.111.10 and specified in the Participant's deferral election, under a systematic withdrawal plan (installment(s)) installment(s))not exceeding 10 years upon retirement, death,death or other termination of employment.

Appears in 1 contract

Samples: Adoption Agreement (Fair Isaac & Company Inc)

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