Immediate distribution Sample Clauses

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Immediate distribution. Distribution will be made as soon as reasonable following the date the Participant terminates on account of becoming Disabled.
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Immediate distribution. (a) Any distribution to an Alternate Payee of all or some portion of a Participant's Accounts pursuant to a qualified domestic relations order, shall be made as soon as reasonably practicable after the order is determined to be a QDRO, if: (1) The QDRO specifies such time of distribution; or (2) The Alternate Payee has consented in writing to such time of distribution. (b) Notwithstanding the foregoing, in determining the award to an Alternate Payee under a QDRO, the award to the Alternate Payee shall be derived solely from a portion of the Participant's vested Accounts in the Plan as of the Valuation Date provided in the QDRO."
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Immediate distribution. A Participant whose employment is terminated for any reason, other than resignation or discharge prior to his Early Retirement Date or his Normal Retirement Date, may elect upon his termination of employment to begin distribution of his Distributable Benefit within a reasonable period after the Distribution Date as of which his Distributable Benefit is determined, or as of the date determined under subsection (b), below, if that date is earlier. If a Participant does not so elect, distribution of the Participant's Distributable Benefit shall in no event begin later than the date determined under subsection (b), below.
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Immediate distribution. From time to time, the ---------------------- Committee may, in its sole discretion, determine that the inclusion of an Employee in the Plan jeopardizes the ability of the Plan to continue to satisfy the requirements under Section 3(36)
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Immediate distribution. A Participant whose employment is terminated:
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Immediate distribution. A Participant whose employment is terminated: (i) On account of death, Disability, Early Retirement Date or Normal Retirement Date may elect, or his Beneficiary may elect, to begin distribution of his Distributable Benefit within a reasonable period after the Distribution Date as of which his Distributable Benefit is determined, or as of the date determined under Subsection (b), below, or (ii) On account of resignation or discharge prior to his Early Retirement Date or Normal Retirement Date, the distribution of the Participant's Distributable Benefit shall be governed by Subsection (b), below.
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Related to Immediate distribution

  • Overtime Distribution The Employer and the Union will discuss Departmental or agency specific overtime distribution policies at the Departmental or agency level. The Employer agrees to follow its existing overtime distribution policies until changed as a result of Employer/Union negotiation.

  • Immediate Payment Each Guarantor agrees to make immediate payment to the Trustee on behalf of the Holders of all Guarantee Obligations owing or payable to the respective Holders upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.

  • Immediate Termination The Funder may terminate this Agreement immediately upon giving Notice to the HSP if: (1) the HSP is unable to provide or has discontinued the Services in whole or in part or the HSP ceases to carry on business; (2) the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver; (3) the Funder is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; (4) the Home has been closed in accordance with the Act; or (5) as provided for in section 4.5, the Funder does not receive the necessary funding from the Ministry.

  • Required Distributions Except in the case of a special needs beneficiary, the assets of the ▇▇▇▇▇▇▇▇▇ ESA are required to be distributed to the designated beneficiary within 30 days of the designated beneficiary’s attainment of age 30. The designated beneficiary will be subject to both income tax and an additional 10 percent penalty tax on the portion of the distribution that represents earnings, if the designated beneficiary does not have any qualified education expenses in that year. Any balance remaining in the ▇▇▇▇▇▇▇▇▇ ESA upon the death of the designated beneficiary will be distributed within 30 days of the designated beneficiary’s death, unless a death beneficiary is named and the death beneficiary is a qualified family member under age 30. If the death beneficiary is a qualified family member under age 30, that individual will become the designated beneficiary as of the date of death. Qualified family members include the designated beneficiary’s child, grandchild, or ▇▇▇▇▇▇▇▇▇, brother, sister, stepbrother, or stepsister, nephew or niece, parents, stepparents, or grandparents, uncle or aunt, spouses of all the family members listed above, cousin, and the designated beneficiary’s spouse. If a qualified family member becomes the designated beneficiary, the custodian, if it so chooses for any reason (e.g., due to limitations of its charter or bylaws), may require a total distribution of the ▇▇▇▇▇▇▇▇▇ ESA by December 31 of the year following the year of the original designated beneficiary’s death.

  • Qualified Charitable Distributions If you are age 70½ or older, you may take tax-free ▇▇▇▇ ▇▇▇ distributions of up to $100,000 per year and have these distributions paid directly to certain charitable organizations. Special tax rules may apply. For further detailed information and effective dates you may obtain IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at ▇▇▇.▇▇▇.▇▇▇.