Common use of Mandatory Cash-Out of Small Accounts Clause in Contracts

Mandatory Cash-Out of Small Accounts. Notwithstanding any other provision of this Article VIII, if the total vested value of the Participant’s Account does not (and did not, at the time of commencement of the distribution) exceed Five Thousand Dollars ($5,000), the Plan Administrator shall direct the Trustee to distribute as soon as practicable the full amount thereof to the Participant, his legal representative or Beneficiary to the extent permitted by Section 411(a)(II) of the Code and Section 203(e) of ERISA.

Mandatory Cash-Out of Small Accounts. Notwithstanding any other provision of in this Article VIIIIX, if the total vested value of the Terminated Participant’s vested Account does not (and did not, at the time of commencement of the distributionany prior distribution or withdrawal) exceed Five Thousand Dollars ($5,000), the Plan Administrator shall direct the Trustee to distribute as soon as practicable the full amount thereof to the Participant, Terminated Participant or his legal representative or Beneficiary to the extent permitted by Section 411(a)(II411(a)(11) of the Code and Section 203(e) of ERISA, and subject to Section 5.10.

Mandatory Cash-Out of Small Accounts. Notwithstanding any other provision of this Article VIII, if the total aggregate vested value of the Participant’s Account and any rollover account established pursuant to Section 6.12 of the Plan does not (and did not, at the time of commencement of the distribution) exceed Five One Thousand Dollars ($5,0001,000), the Plan Administrator shall direct the Trustee to distribute as soon as practicable the full amount thereof to the Participant, his legal representative or Beneficiary to the extent permitted by Section 411(a)(II) of the Code and Section 203(e) of ERISA.Beneficiary