Common use of Distribution Requests Clause in Contracts

Distribution Requests. A Participant may request a Distribution from a Participant’s Account at any time on a form provided or approved by the Custodian, subject to any limitations under the Code and any further limitations under the terms of the Employer’s Plan. Those limitations include: 11.1.1 Restrictions on Withdrawals: a partial or total Distribution of the Participant’s Account will be permitted only if both (a) and (b) are satisfied: (a) The Employer’s Plan provides for (or where applicable does not prohibit) the Distribution. (b) With respect to Contributions other than Rollover Contributions into this Account, the Participant has: (i) attained age 59½; or, (ii) had a severance from employment; or (iii) a disability; or

Distribution Requests. A Participant may request a Distribution from a Participant’s Account at any time on a form provided or approved by the Custodian, subject to any limitations under the Code and any further limitations under the terms of the Employer’s Plan. Those limitations include: 11.1.1 Restrictions on Withdrawals: a partial or total Distribution of the Participant’s Account will be permitted only if both (a) and (b) are satisfied: (a) The Employer’s Plan provides for (or where applicable does not prohibit) the Distribution. (b) With respect to Contributions other than Rollover Contributions into this Account, the Participant has: (i1) attained age 59½70½; or, (ii2) had a severance from employment; or (iii3) a disability; orexperienced an unforeseeable emergency, as described in Section 11.1.2 of this Article.