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This excerpt taken from the GBE DEF 14A filed Nov 20, 2009. Distributions.
Scheduled distributions elected by the participants shall be no
earlier than two years from the last day of the fiscal year in
which the deferrals are credited to the participant’s
account, or, if later, the last day of the fiscal year in which
the Company contributions vest. The participant may elect to
receive the scheduled distribution in a lump sum or in equal
installments over a period of up to five years. Company
contributions are only distributable in a lump sum.
Table of Contents
In the event of a participant’s retirement (termination of
service after attaining age 60, or age 55 with at
least 10 years of service) or disability (as defined in the
DCP), the participant’s vested deferral accounts shall be
paid to the participant in a single lump sum on a date that is
not prior to the end of the six month period following the
participant’s retirement or disability, unless the
participant has made an alternative election to receive the
retirement or disability benefits in equal installments over a
period of up to 15 years, in which event payments shall be
made as elected.
In the event of a participant’s death, the Company shall
pay to the participant’s beneficiary a death benefit equal
to the participant’s vested accounts in a single lump sum
within 30 days after the end of the month during which the
participant’s death occurred.
The Company may accelerate payment in the event of a
participant’s “financial hardship.”
These excerpts taken from the GBE 10-K filed Jun 1, 2009. Distributions.
Scheduled distributions elected by the participants shall be no
earlier than two years from the last day of the fiscal year in
which the deferrals are credited to the participant’s
account, or, if later, the last day of the fiscal year in which
the Company contributions vest. The participant may elect to
receive the scheduled distribution in a lump sum or in equal
installments over a period of up to five years. Company
contributions are only distributable in a lump sum.
In the event of a participant’s retirement (termination of
service after attaining age 60, or age 55 with at
least 10 years of service) or disability (as defined in the
DCP), the participant’s vested deferral accounts shall be
paid to the participant in a single lump sum on a date that is
not prior to the end of the six month period following the
participant’s retirement or disability, unless the
participant has made an alternative election to receive the
retirement or disability benefits in equal installments over a
period of up to 15 years, in which event payments shall be
made as elected.
In the event of a participant’s death, the Company shall
pay to the participant’s beneficiary a death benefit equal
to the participant’s vested accounts in a single lump sum
within 30 days after the end of the month during which the
participant’s death occurred.
The Company may accelerate payment in the event of a
participant’s “financial hardship.”
Distributions. Scheduled distributions elected by the participants shall be no earlier than two years from the last day of the fiscal year in which the deferrals are credited to the participant’s account, or, if later, the last day of the fiscal year in which the Company contributions vest. The participant may elect to receive the scheduled distribution in a lump sum or in equal installments over a period of up to five years. Company contributions are only distributable in a lump sum. In the event of a participant’s retirement (termination of service after attaining age 60, or age 55 with at least 10 years of service) or disability (as defined in the DCP), the participant’s vested deferral accounts shall be paid to the participant in a single lump sum on a date that is not prior to the end of the six month period following the participant’s retirement or disability, unless the participant has made an alternative election to receive the retirement or disability benefits in equal installments over a period of up to 15 years, in which event payments shall be made as elected. In the event of a participant’s death, the Company shall pay to the participant’s beneficiary a death benefit equal to the participant’s vested accounts in a single lump sum within 30 days after the end of the month during which the participant’s death occurred. The Company may accelerate payment in the event of a participant’s “financial hardship.” These excerpts taken from the GBE 10-K filed May 27, 2009. Distributions.
Scheduled distributions elected by the participants shall be no
earlier than two years from the last day of the fiscal year in
which the deferrals are credited to the participant’s
account, or, if later, the last day of the fiscal year in which
the Company contributions vest. The participant may elect to
receive the scheduled distribution in a lump sum or in equal
installments over a period of up to five years. Company
contributions are only distributable in a lump sum.
In the event of a participant’s retirement (termination of
service after attaining age 60, or age 55 with at
least 10 years of service) or disability (as defined in the
DCP), the participant’s vested deferral accounts shall be
paid to the participant in a single lump sum on a date that is
not prior to the end of the six month period following the
participant’s retirement or disability, unless the
participant has made an alternative election to receive the
retirement or disability benefits in equal installments over a
period of up to 15 years, in which event payments shall be
made as elected.
In the event of a participant’s death, the Company shall
pay to the participant’s beneficiary a death benefit equal
to the participant’s vested accounts in a single lump sum
within 30 days after the end of the month during which the
participant’s death occurred.
The Company may accelerate payment in the event of a
participant’s “financial hardship.”
Distributions.
Scheduled distributions elected by the participants shall be no
earlier than two years from the last day of the fiscal year in
which the deferrals are credited to the participant’s
account, or, if later, the last day of the fiscal year in which
the Company contributions vest. The participant may elect to
receive the scheduled distribution in a lump sum or in equal
installments over a period of up to five years. Company
contributions are only distributable in a lump sum.
In the event of a participant’s retirement (termination of
service after attaining age 60, or age 55 with at
least 10 years of service) or disability (as defined in the
DCP), the participant’s vested deferral accounts shall be
paid to the participant in a single lump sum on a date that is
not prior to the end of the six month period following the
participant’s retirement or disability, unless the
participant has made an alternative election to receive the
retirement or disability benefits in equal installments over a
period of up to 15 years, in which event payments shall be
made as elected.
In the event of a participant’s death, the Company shall
pay to the participant’s beneficiary a death benefit equal
to the participant’s vested accounts in a single lump sum
within 30 days after the end of the month during which the
participant’s death occurred.
The Company may accelerate payment in the event of a
participant’s “financial hardship.”
Distributions.
Scheduled distributions elected by the participants shall be no
earlier than two years from the last day of the fiscal year in
which the deferrals are credited to the participant’s
account, or, if later, the last day of the fiscal year in which
the Company contributions vest. The participant may elect to
receive the scheduled distribution in a lump sum or in equal
installments over a period of up to five years. Company
contributions are only distributable in a lump sum.
In the event of a participant’s retirement (termination of
service after attaining age 60, or age 55 with at
least 10 years of service) or disability (as defined in the
DCP), the participant’s vested deferral accounts shall be
paid to the participant in a single lump sum on a date that is
not prior to the end of the six month period following the
participant’s retirement or disability, unless the
participant has made an alternative election to receive the
retirement or disability benefits in equal installments over a
period of up to 15 years, in which event payments shall be
made as elected.
In the event of a participant’s death, the Company shall
pay to the participant’s beneficiary a death benefit equal
to the participant’s vested accounts in a single lump sum
within 30 days after the end of the month during which the
participant’s death occurred.
The Company may accelerate payment in the event of a
participant’s “financial hardship.”
Distributions. Scheduled distributions elected by the participants shall be no earlier than two years from the last day of the fiscal year in which the deferrals are credited to the participant’s account, or, if later, the last day of the fiscal year in which the Company contributions vest. The participant may elect to receive the scheduled distribution in a lump sum or in equal installments over a period of up to five years. Company contributions are only distributable in a lump sum. In the event of a participant’s retirement (termination of service after attaining age 60, or age 55 with at least 10 years of service) or disability (as defined in the DCP), the participant’s vested deferral accounts shall be paid to the participant in a single lump sum on a date that is not prior to the end of the six month period following the participant’s retirement or disability, unless the participant has made an alternative election to receive the retirement or disability benefits in equal installments over a period of up to 15 years, in which event payments shall be made as elected. In the event of a participant’s death, the Company shall pay to the participant’s beneficiary a death benefit equal to the participant’s vested accounts in a single lump sum within 30 days after the end of the month during which the participant’s death occurred. The Company may accelerate payment in the event of a participant’s “financial hardship.” Distributions. Scheduled distributions elected by the participants shall be no earlier than two years from the last day of the fiscal year in which the deferrals are credited to the participant’s account, or, if later, the last day of the fiscal year in which the Company contributions vest. The participant may elect to receive the scheduled distribution in a lump sum or in equal installments over a period of up to five years. Company contributions are only distributable in a lump sum. In the event of a participant’s retirement (termination of service after attaining age 60, or age 55 with at least 10 years of service) or disability (as defined in the DCP), the participant’s vested deferral accounts shall be paid to the participant in a single lump sum on a date that is not prior to the end of the six month period following the participant’s retirement or disability, unless the participant has made an alternative election to receive the retirement or disability benefits in equal installments over a period of up to 15 years, in which event payments shall be made as elected. In the event of a participant’s death, the Company shall pay to the participant’s beneficiary a death benefit equal to the participant’s vested accounts in a single lump sum within 30 days after the end of the month during which the participant’s death occurred. The Company may accelerate payment in the event of a participant’s “financial hardship.” Distributions. Scheduled distributions elected by the participants shall be no earlier than two years from the last day of the fiscal year in which the deferrals are credited to the participant’s account, or, if later, the last day of the fiscal year in which the Company contributions vest. The participant may elect to receive the scheduled distribution in a lump sum or in equal installments over a period of up to five years. Company contributions are only distributable in a lump sum. In the event of a participant’s retirement (termination of service after attaining age 60, or age 55 with at least 10 years of service) or disability (as defined in the DCP), the participant’s vested deferral accounts shall be paid to the participant in a single lump sum on a date that is not prior to the end of the six month period following the participant’s retirement or disability, unless the participant has made an alternative election to receive the retirement or disability benefits in equal installments over a period of up to 15 years, in which event payments shall be made as elected. In the event of a participant’s death, the Company shall pay to the participant’s beneficiary a death benefit equal to the participant’s vested accounts in a single lump sum within 30 days after the end of the month during which the participant’s death occurred. The Company may accelerate payment in the event of a participant’s “financial hardship.” | EXCERPTS ON THIS PAGE:
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