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Accounts
Accounts contract clause examples

Accounts Not Exceeding $5,000. If a Participant incurs a distribution event described in [Sections 4.3(a)]–(f) and his or her vested Accounts do not exceed $5,000, such vested Accounts shall be distributed as soon as practicable after such amounts are ascertained without the need for the Participant’s consent to such distribution. If the Participant’s vested Accounts exceed $1,000 but do not exceed $5,000, the vested Accounts shall be distributed in a direct rollover to an individual retirement account designated by the Committee unless the Participant elects otherwise. If the Participant’s vested Accounts are $1,000 or less, the vested Accounts shall be distributed to the Participant in a lump sum unless the Participant elects otherwise.

Accounts in Excess of $5,000. If a Participant incurs a distribution event described in [Sections 4.3(a)]–(f) and his or her vested Accounts exceed $5,000, then payment

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