Common use of Withdrawal Options Clause in Contracts

Withdrawal Options. No more frequently than the Administrative Committee may allow, and subject to such procedures as the Administrative Committee may prescribe, a Participant who is an Employee may elect, with the approval of the Administrative Committee, by filing the Appropriate Form as directed by the Administrative Committee, to withdraw (a) all or any portion of his Post-Tax Contribution Account, (b) if the maximum withdrawal permitted under clause (a) has been made, all or any portion of his vested Post-IPO Matching Contributions Account, (c) if the maximum withdrawal under clause (b) has been made, all or any portion of his Company Stock Matching Contributions Account and (d) if the maximum withdrawal under clause (c) has been made, all or any portion of his Rollover Account.

Appears in 1 contract

Sources: Employee Retirement Plan (Cosmetic Center Inc)

Withdrawal Options. No more frequently than the Administrative Committee may allow, and subject to such procedures as the Administrative Committee may prescribe, a Participant who is an Employee may elect, with the approval of the Administrative Committee, by filing the Appropriate Form appropriate form as directed by the Administrative Committee, to withdraw (a) all or any portion of his Post-Tax Contribution Account, (b) if the maximum withdrawal permitted under clause (a) has been made, all or any portion of his vested PostPre-IPO Matching Contributions Account, Account and (c) if the maximum withdrawal under clause (b) has been made, all or any portion of his Company Stock vested Post-IPO Matching Contributions Account and which have been in the Plan for three (3) consecutive January 1sts, (d) if the maximum withdrawal under clause (c) has been made, all or any portion of his Rollover Segregated Account, and (e) if the maximum withdrawal under clause (d) has been made, all or any portion of his vested Profit Sharing Contributions Account which has been in the Plan for at least two (2) consecutive January 1sts.

Appears in 1 contract

Sources: Employees' Savings, Investment and Profit Sharing Plan (Revlon Inc /De/)