Common use of New distributable event Clause in Contracts

New distributable event. A participant’s elective deferrals, qualified nonelective contributions, qualified matching contributions, and earnings attributable to these contributions shall be distributed on account of the participant’s severance from employment. However, such a distribution shall be subject to the other provisions of the plan regarding distributions, other than provisions that require a separation from service before such amounts may be distributed.

Appears in 2 contracts

Sources: Employee 401(k) Plan (Trimeris Inc), Defined Contribution Prototype Plan (Trimeris Inc)

New distributable event. A participant’s 's elective deferrals, qualified nonelective contributions, qualified matching contributions, and earnings attributable to these contributions shall be distributed on account of the participant’s 's severance from employment. However, such a distribution shall be subject to the other provisions of the plan regarding distributions, other than provisions that require a separation from service before such amounts may be distributed.

Appears in 1 contract

Sources: Profit Sharing Plan and Trust Adoption Agreement

New distributable event. A Notwithstanding the provisions of Section 12.06 (a) of the Plan, a participant’s elective deferrals's Elective Deferrals, qualified nonelective contributionsQualified Nonelective Contributions, qualified matching contributions, and earnings attributable to these contributions shall be distributed on account of the participant’s Participant's severance from employment. However, such a distribution shall be subject to the other provisions of the plan Plan regarding distributions, other than provisions that require a separation from service before such amounts may be distributed.

Appears in 1 contract

Sources: 401(k) Plan (Integra Bank Corp)

New distributable event. A participant’s Participant's elective deferrals, qualified nonelective contributions, qualified matching contributions, and earnings attributable to these contributions shall be distributed on account of the participant’s Participant's severance from employment. However, such a distribution shall be subject to the other provisions of the plan Plan regarding distributions, other than provisions that require a separation from service before such amounts may be distributed.

Appears in 1 contract

Sources: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)