Plan account. If a teacher shall die, the deceased teacher’s 401(a) Plan account shall be distributed to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made. At no time may a participant borrow from his/her 401(a) Plan account.
Appears in 5 contracts
Sources: Master Contract, Master Contract, Master Contract
Plan account. If a teacher shall diedie after having satisfied the requirements of this Article, the deceased teacher’s 401(a) Plan account shall be distributed distributable to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant borrow from his/her his 401(a) Plan account.)
Appears in 3 contracts
Sources: Master Contract, Master Contract, Master Contract
Plan account. If a teacher shall diedie after having satisfied the applicable requirements, the deceased teacher’s 401(a) Plan account shall be distributed distributable to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant borrow from his/her his 401(a) Plan account.)
Appears in 1 contract
Sources: Collective Bargaining Agreement
Plan account. If a teacher shall diedie after having satisfied the requirements of this Article, the deceased teacher’s 401(a's 401 (a) Plan account shall be distributed distributable to the decedent’s 's designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant borrow from his/her 401(ahis 401 (a) Plan account.)
Appears in 1 contract
Sources: Master Contract