DISTRIBUTIONS FROM ESOPs (1 OF 2)
01.Core Concepts
• The distribution of the participant's account balance in the plan will commence not later than 1 year after the close of the plan year: • in which the participant separates from service by reason of the attainment of normal retirement age under the plan, disability, or death, or • which is the 5th plan year following the plan year in which the participant otherwise separates from service • Participant can demand distribution of employer securities.