Distribution on Death Clause Samples

Distribution on Death. A distribution upon death will not be covered by this transitional rule unless the information in the designation contains the required information described above with respect to the distributions to be made upon the death of the Employee.
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Distribution on Death. Death Benefit 8.2 Distribution on Death 8.3 Beneficiary Designation 8.4 Lack of Beneficiary 8.5 Death of Beneficiary
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Distribution on Death. (a) Except as otherwise provided in this Plan, a Participant's Accounts shall be distributed in the event of death. In addition, and subject to the rules of Section 10.9 relating to life insurance, on the death or presumed death of a Participant or former Participant, the life insurance proceeds paid to the Trustee shall be paid to, or applied for the benefit of, the Participant or his designated beneficiary. Such payment or application shall be made in accordance with the provisions of this Article. Any portion of the death benefit not distributed shall be credited to the Participant's 401(k) Account and shall be fully allocated to the fixed income investment fund. (b) In the event an unmarried Participant fails to designate a beneficiary, or if a Participant is pre-deceased by his designated beneficiary, the benefits hereunder shall be paid to the administrators or executors or the Participant's estate. (c) Members of a class of beneficiaries shall cease to be entitled to benefits on the Plan Administrator's determination that no members of the class exist or the Plan Administrator's failure to locate any members of the class after making reasonable efforts to do so. (d) The Recordkeeper and Trustee shall be under no obligation to commence payment on account of a Participant's death until the Plan Administrator has notified the Recordkeeper, in writing, of the death of such Participant or former Participant.
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Distribution on Death. A. Profit-Sharing Plans and 401(k)
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Distribution on Death 
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Related to Distribution on Death

  • Distribution of Agreement The Employer agrees to make available to each employee a copy of this Agreement and to provide a copy of the same Agreement to all new employees entering the employment of the Employer.

  • Distribution at Death If the Executive dies prior to the payment of his or her Distributable Balance, the Executive’s Distributable Balance immediately shall become payable in full to the Executive’s Designated Beneficiary (as determined under paragraph 4) (irrespective of the payment date elected by the Executive in paragraph 3(b)). Payment shall be made at the time determined by the Company within sixty (60) days following the Executive’s death.

  • Limitation on Distributions Notwithstanding anything to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Act or other applicable law.

  • DISTRIBUTIONS AFTER DISSOLUTION Upon dissolution, the Company must pay its debts before distributing cash, assets, or capital to the Member or the Member’s interests. The Member agrees that any distributions occurring after the dissolution of the Company will follow the process outlined in this Agreement and Section ▇▇-▇▇-▇▇▇ of the Act.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.