Automatic Rollover. Subject to Section 2.5.6(d), the default form of distribution for Account balances that are greater than $ shall be a Direct Rollover. (Must be $1000 or less)
Automatic Rollover. Subject to Section 2.3.13, the default form of distribution for Vested Accrued Benefits that are greater than $ shall be a Direct Rollover. (Must be $1000 or less)
Automatic Rollover. To the extent provided under the terms of the Employer’s 403(b) Plan, a distribution may be made without the Participant’s consent if the Participant’s total Account balance under the Employer’s 403(b) Plan (as determined by the Employer or Administrator) does not exceed the amount described in Code Section 411(a)(11). Any such distribu- tion shall be made in accordance with Code Section 401(a)(31).
Automatic Rollover. Subject to the terms hereof, upon the expiration of a LIBOR Interest Period, the applicable LIBOR Rate Loan shall automatically be continued as a LIBOR Rate Loan for the same LIBOR Interest Period at the then current Applicable Rate and in an amount equal to the principal amount of the expiring LIBOR Rate Loan less any principal repayments made by Borrower, if any. Subject to the terms hereof, upon the expiration of an LA Interest Period, the applicable LIBOR Advantage Rate Loan shall automatically be continued as a LIBOR Advantage Rate Loan at the then current Applicable Rate and in an amount equal to the principal amount of the expiring LIBOR Advantage Rate Loan less any principal repayments made by Borrower, if any.
Automatic Rollover. Subject to the terms hereof, upon the expiration of an Interest Period for a SOFR Loan, the applicable SOFR Loan shall automatically be continued as a SOFR Loan for the same Interest Period at the then current applicable rate and in an amount equal to the principal amount of the expiring SOFR Loan less any principal repayments made by the Borrower, if any. Subject to the terms hereof, upon the expiration of an Interest Period for a Daily SOFR Loan, the applicable Daily SOFR Loan shall automatically be continued as a Daily SOFR Loan at the then current applicable rate and in an amount equal to the principal amount of the expiring Daily SOFR Loan less any principal repayments made by the Borrower, if any.
Automatic Rollover. Subject to the terms hereof, upon the expiration of a LIBOR an Interest Period for a SOFR Loan, the applicable LIBOR Rate SOFR Loan shall automatically be continued as a LIBOR Rate SOFR Loan for the same LIBOR Interest Period at the then current Aapplicable Rrate and in an amount equal to the principal amount of the expiring LIBOR Rate SOFR Loan less any principal repayments made by the Borrower, if any. Subject to the terms hereof, upon the expiration of an LA Interest Period for a Daily SOFR Loan, the applicable LIBOR Advantage Rate Daily SOFR Loan shall automatically be continued as a LIBOR Advantage Rate Daily SOFR Loan at the then current Aapplicable Rrate and in an amount equal to the principal amount of the expiring LIBOR Advantage Rate Daily SOFR Loan less any principal repayments made by the Borrower, if any. 3.1.3.
Automatic Rollover. If the Employer elects in its Adoption Agreement to provide for Mandatory Distributions described in Section 6.01(A), the Plan Administrator will apply this Section 6.08(D) to all Mandatory Distributions made before the Participant attains the later of age 62 or Normal Retirement Age. The Employer in its Adoption Agreement will elect whether to apply this Section 6.08(D) to a specified amount or will apply this Section only to such Mandatory Distributions which exceed $1,000. In the event of any Mandatory Distribution subject to this Section 6.08(D), if the Participant does not elect to have such distribution paid directly to an Eligible Retirement Plan the Participant specifies in a Direct Rollover or to receive the distribution directly in accordance with Section 6.01(A), then the Plan Administrator will pay the distribution in a Direct Rollover to an Individual Retirement Plan the Plan Administrator designates ("Automatic Rollover").
Automatic Rollover. If the Employer elects in its Adoption Agreement to provide for Mandatory Distributions described in Section 6.01(A), the Plan Administrator will apply this Section 6.08(D) to all Mandatory Distributions made before the Participant attains the later of age 62 or Normal Retirement Age. The Employer in its Adoption Agreement will elect whether the Plan Administrator will apply this Section 6.08(D) regardless of amount or will apply this Section only to such Mandatory Distributions which exceed $1,000. In the event of any Mandatory Distribution subject to this Section 6.08(D) and made on or after March 28, 2005, if the Participant does not elect to have such distribution paid directly to an Eligible Retirement Plan the Participant specifies in a Direct Rollover or to receive the distribution directly in accordance with Section 6.01(A), then the Plan Administrator will pay the distribution in a Direct Rollover to an Individual Retirement Plan the Plan Administrator designates ("Automatic Rollover"). In the case of a Restated Plan with a restated Effective Date before March 29, 2005, as to any Mandatory Distribution which otherwise would be subject to this Section 6.08(D) except that the distribution occurred before March 29, 2005, the terms of the prior plan document control as to the disposition of the Account.
Automatic Rollover. Pursuant to Plan Section 7.03(b)(2)(B), the Plan Administrator shall provide an automatic rollover to an individual retirement arrangement for the benefit of a Participant who (1) does not make an affirmative election to receive his vested benefit and (2) whose vested benefit is greater than $1,000 but does not exceed $5,000.
Automatic Rollover. Subject to Section 2.5.3(d), the default form of distribution for Eligible Rollover Distributions that are greater than $ shall be a Direct Rollover. (Must be $1,000 or less.)
