Required Commencement Date. Distribution of the interest of the Participant shall commence under this subsection no later than the sixtieth (60th) day following the latest of (i) the Plan Year in which the Participant terminates employment, (ii) the Plan Year in which the Participant attains the normal retirement age of 65, or (iii) the Plan Year in which occurs the tenth (10th) anniversary of the date on which the Participant commenced participation in the Plan, unless the Participant files a notice with the Plan Administrator to defer the commencement of his distribution, provided that such deferral does not extend beyond the required distribution commencement date set forth in Section 7.4."
Appears in 2 contracts
Sources: Employee Stock Ownership Plan and Trust Agreement (Big O Tires Inc), Employee Stock Ownership Plan and Trust Agreement (Big O Tires Inc)