Plan account. If an employee shall die after having satisfied the requirements of Subsection D of this Article, the deceased employee’s 401(a) Plan account shall be distributable to the decedent’s designated beneficiary or to his or her estate if no beneficiary designation has been made. At no time may a participant borrow from his 401(a) Plan account.
Appears in 9 contracts
Sources: Collective Bargaining Agreement, Contractual Agreement, Contractual Agreement
Plan account. If an employee shall die after having satisfied the requirements of Subsection D of this Article, the deceased employee’s 401(a) Plan account shall be distributable to the decedent’s designated beneficiary or to his or his/her estate if no beneficiary designation has been made. At no time may a participant borrow from his 401(a) Plan account.
Appears in 3 contracts
Sources: Contractual Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Plan account. If an employee shall die after having satisfied the requirements of Subsection D of this Article, the deceased employee’s 's 401(a) Plan account shall be distributable to the decedent’s 's designated beneficiary or to his or his/her estate if no beneficiary designation has been made. At no time may a participant borrow from his 401(a) Plan account.
Appears in 1 contract
Sources: Employment Agreement