Mandatory Distribution. The Plan will make a Mandatory Distribution following Separation from Service. (Complete (1) and (2). Choose (3) unless the Employer elects to limit Mandatory Distributions to $1,000 including Rollover Contributions under Elections 35(b)(1)b. and 35(b)(2)b.):
Mandatory Distribution. If the Participant's Vested Account is not in excess of $5,000 (unless a different amount selected below) as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment.
Mandatory Distribution. The Plan will make a Mandatory Distribution following Severance from Employment to the extent permitted by the Investment Arrangement Documentation. Amount limit. The Mandatory Distribution maximum amount is equal to (Choose a., b., or c.; Choose d. if applicable): a. [ ] $5,000.
Mandatory Distribution. The Plan Administrator will distribute the Participant's entire Account.
Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (if any) will be included in determining the $5,000 threshold for timing of distributions, form of distributions or consent rules.
Mandatory Distribution. Except to the extent prohibited or limited by the provisions of Section 6.3(c) below, any other provision herein or applicable law, within thirty (30) days following the completion of the annual federal income tax return of the Company, the Company shall make distributions to the Members pro-rata based on their Relative Membership Interest in an amount equal to each party’s current year tax liability related to such Member’s Membership Interest in the Company (calculated based on each Member’s highest marginal rate); provided, however, that no mandatory distribution shall be made if the Company suffered a loss in the applicable year.
Mandatory Distribution. Distribution Requiring Consent
Mandatory Distribution. The Plan Administrator will distribute the Participant’s entire Account. [ ] (3) Hybrid. The Plan Administrator will distribute a Participant’s Account that does not exceed $ and the Participant may elect to receive all or any portion of his/her Account that exceeds $ but that does not exceed $5,000.
Mandatory Distribution. The Plan will make a Mandatory Distribution following Severance from Employment.
Mandatory Distribution. (a) In the event the Trust will hold any Trust Shares at the Trust Expiration Date, irrespective of whether the Trustee has completed an Exchange Offer, the Trustee shall, in accordance with Section 4.6, take all necessary action to facilitate a distribution on or before the Mandatory Distribution Date of all of the Trust Shares held in the Trust to the Grantor Shareholders of record as of the close of business on the Mandatory Record Date (such distribution, a “Mandatory Distribution”).
