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Common use of Distribution Upon Disability Clause in Contracts

Distribution Upon Disability. If a Participant becomes Disabled while employed with the Employer, the unpaid portion of his or her Participant’s Account balance, if any, shall be distributed in a single sum.

Appears in 4 contracts

Sources: Nonqualified Deferred Compensation Plan Document (S&t Bancorp Inc), Nonqualified Deferred Compensation Plan Document (Smith & Wesson Holding Corp), Nonqualified Deferred Compensation Plan Document (Acadia Healthcare Company, Inc.)

Related Clauses

  • Termination upon Disability
  • TERMINATION UPON RETIREMENT
  • Termination Upon Death or Disability
  • Termination Upon Death or Permanent Disability
  • Upon Death or Disability

Parent Clauses

  • Timing of forfeitures
  • Availability of Fund
  • DEFAULT VESTING RULES
  • Amendment and Termination
  • Investments

Sub-Clauses

  • Termination of Disabled Employee
  • Treatment of Rollover Contributions
  • Definition of Disabled
  • No Involuntary Cash-Out Distributions
  • Availability of Involuntary Cash-Out Distributions
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