Definition of Post-409A Benefits


Post-409A Benefits means the amount deferred by a Participant under the Plan after December 31, 2004, as determined in accordance with Section 409A of the Code and the regulations and other guidance issued thereunder.
Sample 1

Examples of Post-409A Benefits in a sentence

Plan Payment Date for Post-409A Benefits for a participant who separates from service prior to age 55 means the first business day of the calendar month after the Participants separation from service that is, or next follows, the later of (i) the January 1 following the Participants attainment of age 55 or (ii) the date that is the six-month anniversary of the separation from service.
The Plan is intended to conform to the requirements of Code Section 409A with respect to Post-409A Benefits.
Plan Payment Date for Post-409A Benefits for a participant who separates from service on or after reaching age 55 means the first business day of the calendar month after the Participants separation from service that is, or next follows, the later of (i) the January 1 following the Participants separation from service or (ii) the date that is the six-month anniversary of the separation from service.
If a Participant dies prior to a separation from service or after a separation from service but before the Plan Payment Date for Post-409A Benefits and such death occurs between July 1 and December 31, the Post-409A Benefits payable to the Beneficiary shall be paid between January 1 and December 31 of the calendar year next following the Participants death.
If a Participant dies prior to a separation from service or after a separation from service but before the Plan Payment Date for Post-409A Benefits and such death occurs between January 1 and June 30, the Post-409A Benefits payable to the Beneficiary shall be paid between July 1 and December 31 of the same calendar year as the Participants death.