Exception for Required Distributions Sample Clauses
Exception for Required Distributions. Any Vested Account for which no application has been received on the required beginning date effective as to a Distributee under Section 7.2.2, shall be distributed automatically in a single lump sum as of that date without a written application for distribution.
Exception for Required Distributions. If no application has been received within a reasonable period of time before the date by which distribution is required to begin pursuant to Code § 401(a)(9) or, if earlier, pursuant to the Plan, then the Beneficiary’s Account shall be distributed automatically (without an application for distribution) in a single lump sum.
Exception for Required Distributions. If no application for distribution has been timely received within a reasonable period of time before a Participant’s or Beneficiary’s required beginning date as determined under Section 7.2.2, then such Participant’s Vested Account shall be automatically distributed in a single lump sum without an application for distribution no later than the applicable date specified in Section 7.2.2.