Qualifying Distribution Event definition

Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, (iii) the death of the Participant, (iv) the time specified by the Participant for an In-Service or Education Distribution, (v) a Change in Control Event, or (vi) an Unforeseeable Emergency, each to the extent provided in Section 5.
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Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, (iii) the death of the Participant, (iv) the time specified by the Participant for an In-Service Distribution, (v) a Change in Control Event, or (vi) an Unforeseeable Emergency, each to the extent provided in Section 5.
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Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, or (iii) the death of the Participant.
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Examples of Qualifying Distribution Event in a sentence

  • Different payment options may be made available for each Qualifying Distribution Event, and different payment options may be available for different types of Separations from Service, all as designated in the Adoption Agreement.

  • Notwithstanding the foregoing, if a Participant incurs a Qualifying Distribution Event prior to the date on which the entire balance in the In-Service or Education Account has been distributed, then the balance in the In-Service or Education Account on the date of the Qualifying Distribution Event shall be paid as provided under Section 7.1 for payments on such Qualifying Distribution Event.

  • Notwithstanding the foregoing, if the Participant incurs a Qualifying Distribution Event prior to the date on which the entire balance of the Education Account has been distributed, then the balance in the Education Account on the date of the Qualifying Distribution Event shall be distributed to the Participant in the same manner and at the same time as the Deferred Compensation Account is distributed under Section 6 and in accordance with the rules and elections in effect under Section 6.

  • In the event the Participant fails to make a valid election of the payment method, the distribution will be made in a single lump sum payment as soon as practicable after (but no later than 60 days after) the Qualifying Distribution Event.

  • In the event the Participant fails to make a valid election of the payment method, the distribution will be made in a single lump sum payment upon the Qualifying Distribution Event.


More Definitions of Qualifying Distribution Event

Qualifying Distribution Event means the Participant's Retirement or the termination of Participant's Service with the Company for any reason, including as a result death or Disability.
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Qualifying Distribution Event means (i) a Participant’s Separation from Service, (ii) the Vesting Date, or, if later, the Distribution Date, if applicable, (iv) the date a Participant becomes Disabled or (v) the date of the Participant’s death.
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Qualifying Distribution Event means an event described in Section 5.
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Qualifying Distribution Event means (i) a Participant’s Separation from Service, (ii) the death of a Participant, (iii) the date a Participant becomes Disabled, (iv) the applicable Distribution Date, (v) a Change in Control Event, or (vi) a Hardship, each to the extent provided in Section 6.2.
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Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled (if elected in the Adoption Agreement), (iii) the death of the Participant, or (iv) a Change in Control Event (if elected in the Adoption Agreement).
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Qualifying Distribution Event means a cash dividend by the Company (whether effective directly or through one or more Affiliates) to the shareholders of the Company. “Qualifying Event” shall mean the occurrence of either a Qualifying Sale Event or a Qualifying Distribution Event. For the avoidance of doubt, Qualifying Events include any such events that occur on or after July 2, 2021, even if prior to the Grant Date. “Qualifying Sale Event” shall mean a sale (whether effected directly or indirectly, or through a merger or similar transaction) of (i) some or all of the capital stock of the Company by the Platinum Investors (but excluding in all events a sale of common stock by the Company); or (ii) all or substantially all of the assets of the Company the proceeds of which sale are distributed to shareholders of the Company in a Qualifying Distribution Event; provided, however, that in no event shall a Qualifying Sale Event (or a Qualifying Event) occur upon a sale to an Affiliate of the Company.
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Qualifying Distribution Event means the Participant's Retirement or the termination of Participant's Service with the Employer for any reason, including as a result of his death or Disability.
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