Common use of FORM OF DISTRIBUTIONS AND WITHDRAWALS Clause in Contracts

FORM OF DISTRIBUTIONS AND WITHDRAWALS. The Trustee shall make all distributions and withdrawals under the Plan, including Hardship withdrawals, other withdrawals while the Participant is still employed, and distributions upon retirement, disability, death and separation from service, pro rata, from all accounts and Investment Funds, as follows: (A) In a Plan with no Employer Stock Fund, all withdrawals and distributions under the Plan shall be made in cash. (B) In a Plan with an Employer Stock Fund: (1) Withdrawals and distributions under the Plan from the other Investment Fund(s) shall be made in cash. (2) Withdrawals and distributions under the Plan from the Employer Stock Fund may be made in cash or in full shares of Employer Stock, with any fractional share paid in cash, as elected by the Participant. For the cash portion of any distribution or withdrawal, the Participant will receive the cash proceeds from the sale of shares of Employer Stock as of the sale date.