Amount limit. As to a Participant who incurs a Separation from Service and who will receive distribution before attaining the later of age 62 or Normal Retirement Age, the Mandatory Distribution maximum amount is equal to (Choose one of a., b., or c.): a. [ ] $5,000. b. [ ] $1,000. c. [ ] Specify amount: $ (may not exceed $5,000).
Appears in 6 contracts
Sources: Adoption Agreement, Adoption Agreement, Adoption Agreement
Amount limit. As to a Participant who incurs a Separation from Service and who will receive distribution before attaining the later of age 62 or Normal Retirement Age, the Mandatory Distribution maximum amount is equal to (Choose one of a., b., or c.):
a. [ ] $5,000.
b. [ ] $1,000.
c. [ ] Specify amount: $ (may not exceed $5,000).. [Note: This election only applies to the Mandatory Distribution maximum amount. For other Plan provisions subject to a
Appears in 2 contracts
Sources: Adoption Agreement, Adoption Agreement
Amount limit. As to a Participant who incurs a Separation Severance from Service Employment and who will receive distribution before attaining the later of age 62 or Normal Retirement Age, the Mandatory Distribution maximum amount is equal to (Choose one of a., b., or c.):
a. [ ] o $5,000.
b. [ ] x $1,000.
c. [ ] o Specify amount: $ (may not exceed $5,000).
Appears in 1 contract
Sources: 401(k) Profit Sharing Plan Adoption Agreement (Simpson Manufacturing Co Inc /Ca/)