Commencement of Distributions. Distribution of benefits to Participant under the Plan shall commence no earlier than December 15, 2004, provided, however, that distribution shall be accelerated in the event Employee separates from service of Employer for any reason prior to December 15, 2004. In such event, Plan benefits shall commence within 60 days after such separation from service. Notwithstanding the foregoing, if Participant dies prior to the time his benefits under this Plan have been distributed in full, any remaining portion of benefits yet to be distributed under this Plan shall be distributed as soon as administratively practicable to Participant's estate or such other beneficiary as designated by Participant on a Beneficiary Designation Form.
Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below:
Commencement of Distributions. Notwithstanding any provision ----------------------------- of this Agreement to the contrary, distribution of the Account shall commence no later than the "Required Beginning Date". For any Employee who attained age 70-1/2 after December 31, 1996 or before January 1, 1988, the Required Beginning Date is the April 1 following the calendar year in which the Employee attains age 70-1/2 or terminates employment, whichever is the later. For any Employee who attained age 70-1/2 in 1988 and had not retired by January 1, 1989, the Required Beginning Date is April 1, 1990. For any other Employee who attained age 70 and 1/2 after December 31, 1987 and before January 1, 1997, the Required Beginning Date is the April 1 following the calendar year in which the Employee attains age 70-1/2 regardless of whether the Employee has then retired. Notwithstanding the preceding paragraph, effective January 1, 1997, the Required Beginning Date for an Employee (other than an Employee who is a five percent owner, as defined in Section 416 of the Code, of the Employer with respect to the year in which the Employee attains age 70-1/2) is the April 1 following the calendar year in which the Employee attains age 70-1/2 or retires from the Employer, whichever is later. [If an Employee is still employed by the Employer after January 1, 1997, and he is receiving required distributions in accordance with the preceding paragraph but would not be required to receive distributions under the preceding sentence, the Employee may file an election with the Custodian to cease minimum required distributions under the preceding paragraph; and such Employee may resume distributions by filing a written request with the Custodian under Section 5.1 above at the time required by the preceding sentence. In the case of an Account which contains Direct Contributions, the election in the preceding sentence will apply only if the Employer consents thereto in a written consent filed with the Custodian.]
Commencement of Distributions. Notwithstanding any other provision of the Plan, any benefit payable to a Member shall commence no later than the April 1st of the calendar year following the calendar year in which such Member attains age 70 ½, and shall be paid, in accordance with the Regulations and as provided in the Administrative Document, over the life of such Member or over the joint lives of such Member and his Beneficiary, or over a period not extending beyond the life expectancy of such Member or the joint life expectancies of such Member and his Beneficiary.
Commencement of Distributions. The Participant’s entire interest shall be distributed, or begin to be distributed, to the Participant no later than the Participant’s Required Beginning Date.
Commencement of Distributions. Notwithstanding any provision of this Agreement to the contrary, distribution of the Account shall commence no later than the "Required Beginning Date". For any Employee who attained age 70-1/2 prior to January 1, 1988, the Required Beginning Date is the April 1 following the calendar year in which the Employee attains age 70-1/2 or terminates employment, whichever is the later. For any employee who attained age 70-1/2 in 1988 and had not retired by January 1, 1989, the Required Beginning Date is April 1, 1990. For any other Employee who attained age 70 and 1/2 after December 31, 1987, the Required Beginning Date is the April 1 following the calendar year in which the Employee attains age 70-1/2 regardless of whether the Employee has then retired.
Commencement of Distributions. All distributions shall be made or commenced to be made as soon as practicable after the valuation date coincident with or next following the occurrence of one of the distribution events described in this ARTICLE VIII. Upon written notice to the Committee no later than the end of the calendar month following the month in which termination occurs, a participant (or, in the case of death, his beneficiary) entitled to a lump sum payment may make an irrevocable election to receive the value of his distribution on January 31st of the next succeeding calendar year. Alternatively, the participant may choose not to withdraw his benefits when one of the distribution events occurs,and later elect to have the distribution made upon written notice before a subsequent valuation date. However, only a full and complete distribution of his benefits will be allowed whether the participant withdraws his benefits at the time a distribution event occurs or at some later date. No partial withdrawals shall be permitted.
Commencement of Distributions. All distributions from the Account shall be subject to such rules, conditions or limitations as may be specified in this Agreement, unless Custodian is otherwise directed pursuant to an Employer Instruction. The Custodian will not issue any distribution without providing prior notice to Employer or Employer’s designated agent. Should there be a conflict between the terms of this Agreement and an Employer Instruction with respect to any distribution, the Custodian will act in accordance with the Employer Instruction. The assets of the Account may be distributed only after receipt of a distribution request in good order (refer to Appendix A) from the Participant or, in the event of the Participant’s death, from his/her Beneficiary, together with a non-conflicting Employer Instruction only in the event of: (a) the Participant’s Severance From Employment (as defined by the Code and, if applicable, by the Employer Plan); (b) the Participant’s attaining age 591⁄2; (c) the Participant’s becoming disabled (see definition of “Disabled” in Article II); (d) the Participant’s encountering financial hardship; (e) the Participant’s death; or ARTICLE IVINVESTMENT OF CUSTODIAL ACCOUNT ASSETS1.
Commencement of Distributions. All distributions from the Account shall be subject to such rules, conditions or limitations as may be specified in this Agreement, unless Custodian is otherwise directed pursuant to an Employer Instruction. The Custodian will not issue any distribution without providing prior notice to Employer or Employer’s designated agent. Should there be a conflict between the terms of this Agreement and an Employer Instruction with respect to any distribution, the Custodian will act in accordance with the Employer Instruction. The assets of the Account may be distributed only after receipt of a distribution request in good order (refer to Appendix A) from the Participant or, in the event of the Participant’s death, from his/her Beneficiary, together with a non-conflicting Employer Instruction only in the event of: ARTICLE IVINVESTMENT OF CUSTODIAL ACCOUNT ASSETS 1.
Commencement of Distributions. Notwithstanding any provision of this Agreement to the contrary, distribution of the Account shall commence no later than the "Required Beginning Date". For any Employee who attained age 70-1/2 prior to January 1, 1988 or after December 31, 1996, the Required Beginning Date is the April 1 following the calendar year in which the Employee attains age 70-1/2 or terminates employment, whichever is the later. For any employee who attained age 70-1/2 in 1988 and had not retired by January 1, 1989, the Required Beginning Date is April 1, 1990. For any other Employee who attained age 70 and 1/2 after December 31, 1987 and before January 1, 1997, the Required Beginning Date is the April 1 following the calendar year in which the Employee attains age 70-1/2 regardless of whether the Employee has then retired.
