Common use of In-Service Withdrawals Clause in Contracts

In-Service Withdrawals. The provisions of Section 5.04 of the Plan shall not apply to the Special Retention Account to the extent they permit withdrawals or distributions before a Participant terminates employment with the Company, except that a Participant may apply to the Committee for such a withdrawal or distribution after July 1, 2001.

Appears in 4 contracts

Sources: Employment Agreement (Verizon Communications Inc), Employment Agreement (Verizon Communications Inc), Employment Agreement (Verizon Communications Inc)