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Common use of Distribution Upon Disability Clause in Contracts

Distribution Upon Disability. In the event of the Disability of the Participant, the Trustee, following receipt of notification of such Disability from the Committee, shall make distributions from the Account.

Appears in 2 contracts

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Priority Healthcare Corp), Adoption Agreement (Abbott Laboratories)

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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