Common use of PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE Clause in Contracts

PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE. A Participant whose Nonforfeitable Accrued Benefit exceeds $3,500 may elect to commence distribution of his Nonforfeitable Accrued Benefit: (Choose at least one) [X] (1) As of the earliest administratively practicable date following Separation from Service.

Appears in 2 contracts

Sources: Adoption Agreement (Winnebago Industries Inc), Defined Contribution Master Plan and Trust Agreement (Nci Building Systems Inc)