Distribution of Small Amounts. If after a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $5,000 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $5,000, the Participant's benefit shall be paid as a single lump sum as soon as administratively feasible in accordance with procedures prescribed by the Administrator.
Appears in 4 contracts
Sources: 401(k) Savings Plan and Trust Agreement (Advo Inc), 401(k) Plan Amendment (Longview Fibre Co), Savings Plan and Trust Agreement (Hanna M a Co/De)
Distribution of Small Amounts. If after a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $5,000 3,500 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $5,0003,500, the Participant's benefit shall be paid as a single lump sum as soon as administratively feasible in accordance with procedures prescribed by the Administrator.
Appears in 3 contracts
Sources: Retirement Savings Plan and Trust Agreement (Spieker Properties Inc), 401(k) Plan and Trust Agreement (Longview Fibre Co), Savings Plan and Trust Agreement (Nipsco Industries Inc)
Distribution of Small Amounts. If after a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $5,000 3,500 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $5,0003,500, the Participant's benefit shall be paid as a single lump sum as soon as administratively feasible in accordance with procedures prescribed by the Administrator. Effective January 1, 1998, "$5,000" shall be substituted for each reference to "$3,500" in the preceding sentence.
Appears in 2 contracts
Sources: 401(k) Maximum Advantage Program and Trust Agreement (Gerber Scientific Inc), Savings Plan and Trust Agreement (Riviana Foods Inc /De/)
Distribution of Small Amounts. If If, after a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $5,000 3,500 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $5,0003,500, the Participant's benefit shall be paid as a single lump sum as soon as administratively feasible in accordance with procedures prescribed by the Administrator.
Appears in 1 contract
Sources: Employee Savings Plan Agreement (Nipsco Industries Inc)
Distribution of Small Amounts. If after If, at the time a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $5,000 3,500 or less, less and if at the time of any prior in-service earlier withdrawal or distribution distribution, the Participant's vested Account balance did not exceed $5,0003,500, the Participant's benefit shall will be paid as a single lump sum as soon as administratively feasible sum, without his or her consent, after his or her employment with all Related Companies ends in accordance with procedures prescribed by the Administrator.
Appears in 1 contract
Distribution of Small Amounts. If If, after a Participant's ’s employment with all Related Companies ends, the Participant's ’s vested Account balance is $5,000 7,000 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $5,000, the Participant's benefit ’s benefits shall be paid as a single lump sum cash payment as soon as administratively feasible reasonable, in accordance with procedures prescribed by the AdministratorAdministrative Committee and in accordance with Section 11.1, unless the Participant elects that part or all of his or her benefit be directly rolled over to an Eligible Retirement Plan. For this purpose, Rollover Accounts shall be disregarded in determining whether a vested Account balance is $7,000 or less.
Appears in 1 contract
Sources: 401(k) Plan and Trust Agreement (Leggett & Platt Inc)
Distribution of Small Amounts. If after If, at the time a Participant's employment with all Related Companies ends, the Participant's vested Account balance is $5,000 3,500 or less, and if at the time of any prior in-service withdrawal or distribution the Participant's vested Account balance did not exceed $5,000, the Participant's benefit shall may be paid as a single lump sum as soon as administratively feasible sum, without his or her consent, after his or her employment with all Related Companies ends in accordance with procedures prescribed by the Administrator.
Appears in 1 contract
Sources: Employees' Savings Plan and Trust Agreement (Timken Co)