Profit Sharing Plans. Exception from Automatic Annuity Requirements Unless otherwise specified in the Adoption Agreement, the provisions of Sections 8.2 and 8.4 shall be inoperative in the case of a Profit Sharing Plan if the following two (2) conditions are met: (1) the Participant cannot or does not elect payments in the form of a life annuity, and (2) on the death of the Participant, the Participant's Vested Account Balance (as defined in Section 8.2) will be paid to the Participant's Surviving Spouse (as defined in Section 8.2), but if there is no Surviving Spouse, or, if the Surviving Spouse has already consented in a manner conforming to a Qualified Election to a waiver of a Qualified Pre-Retirement Survivor Annuity (under Section 8.2), then to the Participant's Beneficiary. However, the foregoing shall not be operative with respect to a Participant if it is determined that this Profit Sharing Plan is a direct or indirect transferee of a defined benefit plan, money purchase pension plan (including a target benefit plan), stock bonus, or profit-sharing plan which is subject to the survivor annuity requirements of sections 401(a)(11) and 417 of the Code.
Profit Sharing Plans. If the Plan is designated in the Adoption Agreement as a Profit Sharing Plan and if the Employer elects in the Adoption Agreement to permit distributions to a Participant prior to his termination of employment, a Participant shall be entitled to receive a distribution of all or part of his interest in the Plan upon filing a written request with the Plan Administrator; provided that no distribution shall be made unless the interest of the Participant in the Account from which the distribution is to be made is fully vested and nonforfeitable and the balance in the Account to be distributed has accumulated for at least two (2) years or the individual has been a Participant for five (5) or more Plan Years; provided further that in-service distributions shall be permitted subject to the terms of Section 2.5.5 if the Employer elects in the Adoption Agreement to have such provision apply. Any distribution shall be subject to the written consent of the Participant's spouse.
Profit Sharing Plans. 7 (a) Manor Care, Inc. Retirement Savings and Investment Plan.......................................... 7 (b) Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan.............................. 9
Profit Sharing Plans. (a) Sunburst Hospitality Corporation Retirement Savings and ------------------------------------------------------- Investment Plan. ---------------
Profit Sharing Plans. 7 (a) Sunburst Hospitality Corporation Retirement Savings and Investment Plan.......................................7 (b) Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan...........................10
Profit Sharing Plans. If the Plan is designated in the Adoption Agreement as a Profit Sharing Plan and if the Employer elects in the Adoption Agreement to permit distributions to a Participant prior to his termination of employment, a Participant shall be entitled to receive a distribution of all or part of his interest in the Plan upon filing a written request with the Plan Administrator; provided, that no distribution shall be made unless the interest of the Participant in the Account from which the distribution is to be made is fully vested and nonforfeitable and the balance in the Account to be distributed has accumulated for at least two (2) years or the individual has been a Participant for five (5) or more Plan Years, or on account of Hardship; provided, further that In Service Distributions on account of Hardship shall be subject to the restrictions of Section 2.5.5. In Service Distributions are subject to the spousal consent requirements contained in sections 401(a)(11) and 417 of the Code unless the Plan is a Safe Harbor Profit Sharing Plan as defined by Section 1.2.77.
Profit Sharing Plans. Upon the death of any Participant prior to commencement of benefit payments to such Participant under Section 7.7, the full amount of such Participant's Accounts shall then be distributable to the surviving spouse of such Participant pursuant to Sections 7.7 and 7.8; provided, however, that such Accounts shall be distributable in accordance with paragraph (c), below, instead of this paragraph (a), if there is no surviving spouse or if the Participant has elected to designate a non-spousal Beneficiary in a writing which satisfies either of the following conditions:
Profit Sharing Plans. 8 (a) Sponsorship of Host Marriott Profit Sharing Plan............. 8 (b) Establishment of New Host Marriott Profit Sharing Plan....... 8 (c) Obligation to Make Company Contribution...................... 9 (d) Adjustment Made to Account Balances.......................... 9 (e) Transfer and Acceptance of Account Balances.................. 9 (f) HMC to Provide Information................................... 9 (g) Regulatory Filings........................................... 9
Profit Sharing Plans. If the Plan is a profit sharing plan, the following provisions will apply:
Profit Sharing Plans. (a) Manor Care, Inc. Retirement Savings and Investment Plan.
