Common use of Rollover Account Clause in Contracts

Rollover Account. A Participant may withdraw all of the value of his Rollover Account by filing written notice with the Trustee. In this event, however, he shall be deemed to have suspended participation in the Plan for a period of 6 months and all deferred salary contributions shall be suspended. The effective date of such written notice shall be the date the notice is received by the Trustee or a date subsequent thereto if the Participant so states in the written notice.

Appears in 2 contracts

Sources: Trust Agreement (Radioshack Corp), Trust Agreement (Radioshack Corp)

Rollover Account. A Participant may withdraw all of the value of his Rollover Account by filing written notice with the Trustee. In this event, however, he shall be deemed to have suspended participation in the Plan for a period of 6 months 12 months, and all deferred salary contributions shall be suspended. The effective date of such written notice shall be the date the notice is received by the Trustee or a date subsequent thereto if the Participant so states in the written notice.

Appears in 1 contract

Sources: Trust Agreement (Radioshack Corp)