DISTRIBUTION OF ACCOUNT BALANCE Sample Clauses

DISTRIBUTION OF ACCOUNT BALANCE. MANDATORY DISTRIBUTION (6.01(A)(1)/6.08(D)). The Plan provides or does not provide for Mandatory Distribution of a Participant's Vested Account Balance following Separation from Service, as follows (Choose one of (a) or (b)):
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DISTRIBUTION OF ACCOUNT BALANCE. 39. POST-
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DISTRIBUTION OF ACCOUNT BALANCE. Except as otherwise provided in this Section 5, the Executive's Account Balance shall be paid to the Executive in accordance with his election pursuant to Section 5.3 hereof, either: (a) in a single cash lump sum as soon as practicable after the Executive's Termination Date; (b) or in annual, monthly or quarterly cash installments for a period of up to ten years following the Executive's Termination Date, as elected by the Executive in accordance with the provisions of Section 5.2. (c) In the event the Executive elects installment distributions pursuant to paragraph (b), the first such installment shall be payable as soon as practicable following the Executive's Termination Date and the amount of each installment shall be determined by dividing the Executive's Account Balance
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DISTRIBUTION OF ACCOUNT BALANCE. The Employer shall pay to the Employee, or to the Beneficiary if the Employee is disabled or not then living, the full amount of the account balance held hereunder for the benefit of the Employee as valued on the last date of the Contract Period as a result of: (i) The Employee's total disability or death; (ii) The Employee's termination of service within a period of twelve (12)
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DISTRIBUTION OF ACCOUNT BALANCE. 4445. MANDATORY DISTRIBUTION (6.01(A)(1)/6.08(D)). The Plan provides or does not provide for Mandatory Distribution of a Participant's Vested Account Balance following Severance from Employment, as follows (Choose one of (a) or (b). Choose (c) if applicable.): (a) [ ] No Mandatory Distribution. The Plan will not make a Mandatory Distribution following Severance from Employment.
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DISTRIBUTION OF ACCOUNT BALANCE. Upon the earlier of a Participant’s Termination of Service or Retirement for any reason, the Participant (or his Beneficiary, if the Participant is deceased) shall be entitled to the full value as of the date of his Termination of Service or Retirement of any Bookkeeping Account established for him. A Participant or Beneficiary shall elect a manner of distribution of his Bookkeeping Accounts as provided hereinafter on such forms as the Committee shall provide. No other manner of distribution shall be provided, and the same manner of distribution shall be applicable to all Bookkeeping Accounts. The request by the Participant or Beneficiary shall be in writing and shall be filed with the Committee at least thirty (30) days before distribution is to be made. The alternative forms of distribution are as follows: (a) A lump sum payment in the year of the Participant’s Termination of Service or Retirement; or (b) A lump sum payment in the year following the Participant’s Termination of Service or Retirement; or (c) Annual installment payments for a period of not less than two (2) years and not more than ten (10) years, as selected by the Participant or Beneficiary, beginning in the year of the Participant’s Termination of Service or Retirement; or (d) Annual installment payments for a period of not less than two (2) years and not more than ten (10) years, as selected by the Participant or Beneficiary, beginning in the year following the Participant’s Termination of Service or Retirement.
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DISTRIBUTION OF ACCOUNT BALANCE 
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Related to DISTRIBUTION OF ACCOUNT BALANCE

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.