Your company can select a variety of situations where your key employees can opt to receive distributions from the deferred compensation plan, including some unplanned, or hardship, events.
- Retirement (at separation of service or when participant reaches retirement age)
- Scheduled distribution
- Separation of service
- Delayed separation of service (separation of service, plus an additional number oyears)
- Disability
- As a survivor benefit
- Change in control in the event the company is acquired