Early Distribution definition

Early Distribution means an election by Participant in accordance with Section 6.2 to receive a withdrawal of amounts from his or her Deferral Account and Company Contribution Account prior to the time at which such Participant would otherwise be entitled to such amounts.

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Early Distribution means an election by the Participant, pursuant to Section 7.6, to receive a distribution of amounts from the Participant’s Deferral Account, IR Stock Account, vested Discretionary Company Contribution Account and vested Supplemental Contribution Account with respect to a specific Plan Year prior to the time at which such Participant would otherwise be entitled to such amounts.

Early Distribution means an election by a Participant in accordance with Section 6.3 to receive a withdrawal of amounts from his or her Compensation Deferral Subaccount, and any vested Company Discretionary and/or Matching Contribution Subaccounts, prior to the time at which such Participant would otherwise be entitled to such amounts.

Examples of Early Distribution in a sentence

• Early Distribution Penalty Tax – If you are under age 59½ and receive a nonqualified ▇▇▇▇ ▇▇▇ distribution, an additional early distribution penalty tax of 10% generally will apply to the amount includible in income in the year of the distribution.

• Early Distribution Penalty Tax – If you are under age 59½ and receive a Traditional IRA distribution, an additional early distribution penalty tax of 10% generally will apply to the amount includible in income in the year of the distribution.

• With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions of the Aggregate Class B Early Distribution Amount on the immediately preceding Distribution Date).

• Tax Penalty for Early Distribution If your certificate of deposit is in a retirement account, there may be a tax penalty for early distribution under IRS regulations.

• Tax Penalty for Early Distribution If your certificate of deposit is in a retirement Account, there may be a tax penalty for early distribution under IRS regulations.

More Definitions of Early Distribution

Early Distribution means the benefit payment option available to a Participant under Section 5.1(a) hereof.

Early Distribution means an election by a Participant, with respect to the Participant’s pre-2005 Plan Year balances as set forth in the Pre-409A Plan Document at Appendix A, and in accordance with Plan section 6.2 to accelerate or otherwise change the time or form (or time and form) of payment with respect to such pre-2005 deferrals.

Early Distribution shall have the meaning specified in Section 9.03(b).

Early Distribution means an election by a Participant in accordance with Section 7.2 to receive a withdrawal of amounts from his or her Deferral Account, Transferred Account, Company Matching Account and 401(k) Excess Account prior to the time in which such Participant would otherwise be entitled to such amounts.

Early Distribution means (i) any prepayment on the WCG Note or (ii) any proceeds from a Reset Sale or a sale of the WCG Note pursuant to Section 9.04(i)(i),(ii) or (iii).

Early Distribution means a Distribution pursuant to Section 4.3 of the Plan.

Early Distribution means withdrawal by a Participant of amounts from his or her Deferred Compensation Account before he or she would otherwise be entitled to such amounts, as provided in Section 3.8 below.