Distributions to Key Employees. Distributions may not commence to a Key Employee upon a Termination of Employment before the date which is six months after the date of the Key Employee’s Termination of Employment. If distributions are to be paid in a lump sum, such lump sum payment shall be distributed as follows: # with respect to amounts attributable to Plan Years commencing before January 1, 2008, in the seventh month after the Termination of Employment, and # with respect to amounts attributable to Plan Years commencing on or after January 1, 2008, in the later of # the seventh month after the Termination of Employment or # January of the year following the year of the Termination of Employment. If distributions are to be paid in installments and the first installment is payable during this six-month period, such installment shall be distributed as follows: # with respect to amounts attributable to Plan Years commencing before January 1, 2008, in the seventh month after the Termination of Employment, and # with respect to amounts attributable to Plan Years commencing on or after January 1, 2008, in the later of # the seventh month after the Termination of Employment or # January of the year following the year of the Termination of Employment, with subsequent installments to be made each January thereafter.
Termination Distributions to Key Employees. Distributions under this ERA that are payable to a Key Employee on account of a Termination of Employment, including Retirement, will be delayed for a period of six (6) months following such Participant's Termination of Employment. This six (6) month restriction will not apply, or will cease to apply, with respect to a distribution to a Participant's Beneficiary by reason of the death of the Participant.
Delay of Distributions—Certain Key Employees. Any Plan provision to the contrary notwithstanding and subject to Code Section 409A, payments to be made to a Specified Employee from the Participant’s 2005-2008 Subaccount and Post-2008 Subaccount upon a Termination of Employment may not be made before the date that is six months after the date of the Termination of Employment (or, if earlier, the date of death of the Specified Employee). All payments to which the Specified Employee would otherwise be entitled during such six month period (determined as set forth in the remainder of this Section 7) shall be accumulated within the Accounts and Subaccounts in which they are otherwise credited and paid as soon as practicable after the end of such six month period (and within the same calendar year as the end of such six month period), in accordance with Section 7(l) or 7(m))] (as the case may be) and based on the value of such Accounts and Subaccounts at the end of such six month period.
The Employer has designated [month, day, year] as the effective date for purposes of applying the six month delay in distributions to Key Employees.
Key Files. Each copy of the Licensed Software requires a Key File in order to run. Key Files are delivered to as set forth in [section 3.3] below. Each Key File delivered to enables the Licensed software to run for a specified period and allows Updates to the Licensed Software to be installed for a specified period. Each Key File restricts the Licensed Software to running # on the number of Licensed Cores allowed under the terms of this OEM Agreement; # for a specified duration; # on the computer with the machine name or network address specified in the Key File; and # with a Signed Application. Production Key Files allow to install Updates of the Licensed Software for the one year period covered by annual Maintenance Services fee that has been paid for each copy of the Licensed software being used by or a Customer.
The Plan Sponsor may elect to apply an alternative method to identify Participants who will be treated as Key Employees for purposes of the six month delay in distributions if the method satisfies each of the following requirements: # is reasonably designed to include all Key Employees, # is an objectively determinable standard providing no direct or indirect election to any Participant regarding its application, and # results in either all Key Employees or no more than 200 Key Employees being identified in the class as of any date. Use of an alternative method that satisfies the requirements of this [Section 9.6(c)] will not be treated as a change in the time and form of payment for purposes of Treas. Reg. § 1.409A-2(b).
The timing and form of payment of distributions made from the Participant’s vested Account shall be made in accordance with the elections made in this [Section 6.01] of the Adoption Agreement except when [Section 9.6] of the Plan requires a six-month delay for certain distributions to Key Employees of publicly traded companies.
Distributions. A Participant's Account balance attributable to QACA "ADP test safe harbor contributions" is subject to the distribution restrictions set forth in Section 12.2(e) other than on account of a hardship (i.e., may generally not be distributed earlier than severance of employment, death, Total and Permanent Disability, an event described in Code §401(k)(1 0), or, in case of a profit sharing plan, the attainment of age 59 1/2).
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of the Members interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Distributions. Subject to restrictions set forth in any financing document entered into by AI-NOVA, upon completion of each Company’s business venture, AI-NOVA shall distribute its available cash (net cash generated from sale of the business venture and/or its units less disbursements and appropriate reserves), to the Parties based on their relative equity interest in AI-NOVA .
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