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MSCS » Topics » Participants Vested Account Balance not exceeding $5,000.

This excerpt taken from the MSCS 10-K filed Apr 17, 2006.
Participant’s Vested Account Balance not exceeding $5,000. Upon the Participant’s Separation from Service for any reason other than death, the Plan Administrator without any requirement of Participant or spousal consent) will direct the Trustee to distribute the Participant’s Vested Account Balance (determined in accordance with Section 6.01(A)(6)) not exceeding $5,000 in a lump sum (without regard to Section 6.04), at the time specified in the Adoption Agreement, but in no event later than the 60th day following the close of the Plan Year in which the later of the following events occur: (a) the Participant attains Normal Retirement Age; or (b) the Participant Separates from Service.

 

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