Initial Distribution Election definition

Initial Distribution Election means upon an Eligible Executive’s first election to defer Compensation under the Plan made pursuant to an irrevocable Deferral Form and in accordance with the time requirements set forth in Section 5.2, the Participant may elect the time or form of payment for the portion of his or her Account Balance attributable to Elective Contributions (and earnings thereon).
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Initial Distribution Election means an initial distribution election regarding the form of payment of a Particiapnt’s Restoration Benefit pursuant to Section 4.5(a).
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Initial Distribution Election means an election to set the time and form of payment of a Participant’s accrued benefit pursuant to Section 7.4.
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Examples of Initial Distribution Election in a sentence

  • The distribution date under the Subsequent Distribution Election must be at least five years after the date such payment would have been made to the Participant under the Initial Distribution Election under Section 12(a).

  • The distribution date under the Subsequent Distribution Election must be at least five years after the date the first payment would have been made to the Participant under the Initial Distribution Election under Section 12(a) or (b), whichever is applicable.

  • If an individual becomes a Newly Hired Eligible Employee after the beginning of a Plan Year, the Plan Administrator has the sole discretion to determine whether such individual may file an Initial Distribution Election for the Restoration Benefit.

  • At the time of making his Initial Distribution Election, a Participant may elect to receive up to three distributions of the contributions in his Post-2004 Deferral Account, without earnings, while he is actively employed.

  • If a Participant fails to make an Initial Distribution Election by such deadline, his Initial Distribution Election shall be determined by the applicable default Distribution Election described in Section 12(b) below.

  • A Participant may make an Initial Distribution Election by the later of the date he first makes an election to participate in the Plan or December 31, 2008.

  • In order to elect to change the time or form of distribution of the Restoration Benefit, a Participant shall file an Initial Distribution Election or Subsequent Distribution Election, written or electronic, in accordance with procedures established by the Plan Administrator.

  • In the event of an Initial Distribution Election under this Section 4.5(a), such election shall apply to the Restoration Benefit earned for services performed on and after the first day of the month following or coincident with the 31st day after his Date of Hire.

  • Initial Distribution Election for Newly ARTICLE 5 ARTICLE 6 SOURCE OF BENEFIT PAYMENTS ARTICLE 7 NOT A CONTRACT OF EMPLOYMENT ARTICLE 8 NO ALIENATION OR ASSIGNMENT ARTICLE 9 ERISA ARTICLE 10 AMENDMENT AND TERMINATION ARTICLE 11 ARTICLE 12 APPENDIX A APPENDIX B APPENDIX C SUNTRUST BANKS, INC.

  • Absent an Initial Distribution Election under Section 7.4 or Subsequent Deferral Election under Section 7.5, distributions to a Participant (other than a SERP Participant) of his accrued benefits under the Plan shall normally commence the first day of the seventh month following the Participant’s Separation from Service (or, if earlier, within 90 days following the Participant’s death).

Related to Initial Distribution Election

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Initial Distribution means the distribution made to holders of Allowed Class C-4 Claims on the Distribution Date.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Initial Distribution Date means the date occurring as soon as reasonably practicable after the Effective Date when distributions under the Plan shall commence.

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

  • Final Scheduled Distribution Date means with respect to (i) the Class A-1 Notes, the February 8, 2017 Distribution Date, (ii) the Class A-2-A Notes, the June 10, 2019 Distribution Date, (iii) the Class A-2-B Notes, the June 10, 2019 Distribution Date, (iv) the Class A-3 Notes, the October 8, 2020 Distribution Date, (v) the Class B Notes, the March 8, 2021 Distribution Date, (vi) the Class C Notes, the January 10, 2022 Distribution Date, (vii) the Class D Notes, the February 8, 2022 Distribution Date and (viii) the Class E Notes, the September 8, 2023 Distribution Date.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Election Date has the meaning specified in Section 3.12(h).

  • Pre-Distribution Period means any Tax Period ending on or before the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Distribution Date.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Special Distribution Date Means, with respect to the Class A Certificates, each date on which a Special Payment is to be distributed as specified in this Agreement.

  • Scheduled Distribution means the distribution set forth in Section 4.1.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Capital Distribution means a payment made, liability incurred or other consideration given for the purchase, acquisition, redemption or retirement of any capital stock or other equity interest of any Company or as a dividend, return of capital or other distribution (other than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of the Company in question) in respect of any Company's capital stock or other equity interest.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Final Distribution means any distribution made in redemption of all or a portion of the Up-MACRO Holding Shares pursuant to Section 5.2(a) or 5.2(c) on the Final Scheduled Termination Date, an Early Termination Date or a Redemption Date.