Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (if any) will be included in determining the $5,000 threshold for timing of distributions, form of distributions or consent rules.
Appears in 4 contracts
Sources: Adoption Agreement for Eligible Governmental 457 Plan, Adoption Agreement for Eligible Governmental 457 Plan Roth, Adoption Agreement for Eligible Governmental 457 Plan
Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (if any) will be included in determining the $5,000 threshold for timing of distributions, form of distributions or consent rules.
Appears in 3 contracts
Sources: Adoption Agreement for Eligible Governmental 457 Plan, Adoption Agreement for Eligible Governmental 457 Plan, Adoption Agreement for Eligible Governmental 457 Plan
Mandatory Distribution. If the Participant's Vested Account is not in excess of $ 1,000 as of the date of distribution, the Plan will make a Mandatory Distribution following Severance from Employment. Rollovers in determination of $5,000 threshold. Unless otherwise elected below, amounts attributable to rollover contributions (( if any) will be included in determining the $5,000 threshold for timing of distributions, form of distributions or consent rules.
Appears in 1 contract
Sources: Adoption Agreement for Eligible Governmental 457 Plan