Common use of Distribution Events Clause in Contracts

Distribution Events. (i) Subject to Section 15(l) of the Plan, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following the later to occur of the Participant’s attainment of age 65 or the Participant’s Separation from Service other than due to the Participant’s Disability or death. (ii) Notwithstanding Section 4(a)(i) above, in the event of the Participant’s Disability or death, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following such Disability or death.

Appears in 3 contracts

Sources: Participation Agreement (Heritage Financial Corp /Wa/), Deferred Compensation Plan Participation Agreement (Heritage Financial Corp /Wa/), Deferred Compensation Plan Participation Agreement (Heritage Financial Corp /Wa/)

Distribution Events. (i) Subject to Section 15(l) of the Plan, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following the later to occur of the Participant’s attainment of age 65 or the Participant’s Separation from Service other than due to the Participant’s Disability or death. (ii) Notwithstanding Section 4(a)(i) above, in the event of the Participant’s Disability or death, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following such Disability or death.

Appears in 2 contracts

Sources: Participation Agreement (Heritage Financial Corp /Wa/), Deferred Compensation Participation Agreement (Heritage Financial Corp /Wa/)

Distribution Events. (i) Subject to Section 15(l) of the Plan, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following the later to occur of the Participant’s attainment of age 65 or the Participant’s Separation from Service other than due to the Participant’s Disability or death. (ii) Notwithstanding Section 4(a)(i) above, in the event of the Participant’s Disability or death, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following such Disability or death.. 1656185.v2

Appears in 1 contract

Sources: Deferred Compensation Plan Participation Agreement (Heritage Financial Corp /Wa/)

Distribution Events. (i) Subject to Section 15(l) of the Plan, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following the later to occur of the Participant’s attainment of age 65 67 or the Participant’s Separation from Service other than due to the Participant’s Disability or death. (ii) Notwithstanding Section 4(a)(i) above, in the event of the Participant’s Disability or death, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following such Disability or death.

Appears in 1 contract

Sources: Deferred Compensation Plan Participation Agreement (Heritage Financial Corp /Wa/)

Distribution Events. (i) Subject to Section 15(l14(l) of the Plan, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following the later to occur of the Participant’s attainment of age 65 or the Participant’s Separation from Service other than due to the Participant’s Disability or death. (ii) Notwithstanding Section 4(a)(i) above, in the event of the Participant’s Disability or death, distribution of the vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following such Disability or death.

Appears in 1 contract

Sources: Deferred Compensation Plan Participation Agreement (Heritage Financial Corp /Wa/)