the Participants Account shall be made in a single lump sum payment as soon as administratively practicable following the death of the Participant. 1.9 Company Stock Publix Stockholder Online. (4) The period during which a put option is exercisable shall not include any time when a distributee is unable to exercise it because the apply to any offset of a Participants benefits provided under the Plan against an amount that the Participant is ordered or required to pay to the Plan if: (1) the order or requirement to pay arises: (A) under a judgment of conviction for a crime involving the Plan, (B) under a civil judgment (including a consent order or decree) entered by a court in an action brought in connection with a violation 1.38 Plan shall mean the Publix Super Markets, Inc. determined as of the last day of such Plan Year, and. In the event an Employer decides to permanently discontinue making contributions, such 1.20 Employer shall mean the Company, Publix Alabama, LLC, and Publix Asset Management Company, as well as any other subsidiary, related corporation, or other entity that adopts this Plan with the consent of the This Plan and the Trust are intended to qualify under the Code as a tax-free employees plan and trust, and particularly as an employee stock ownership plan within the meaning of Section4975(e)(7) of the Code, and the If such notice is given after the tenth (10th)day after the date such payment by the Company or an Employer shall not be deemed a contribution to this Plan. 3.2 Mistake of Fact. of hours treated as Hours of Service under this section 1.29(c) by reason of any such pregnancy or placement shall not exceed 501 hours. Back to Login the employ of his Employer, no retirement benefits shall be payable to him, and he shall continue to be treated in all respects as a Participant. deference will be given to the initial denial. (c) For purposes of Article VIII and section 14.1(e), an Employees Years of Service Employer shall be determined by its Board of Directors. Then log in to Publix Stockholder Online > Account Tools > Uncashed Checks and click Request Replacement and follow the instructions on the form.. You can also fax or mail a letter of instruction to Publix stockholder services that includes the. 1.40 Plan Year shall mean the 12-month period ending on each December31. (B) Earnings attributable to the Investment Fund for any Valuation Period shall be allocated to each Participant who has an Other Employer-paid welfare benefits. For the past 19 months I have been working for a GREAT company with BETTER bennefits and AMAZING retirement matching at 7%! 7.4(f) shall be reduced accordingly. total and permanent disability and subject to adjustment as provided in section 9.4, such Participant shall be entitled to a disability benefit in an amount equal to one hundred percent (100%)of the balance in his Accounts as of the Valuation liquidation of the Participants assets, to the extent such liquidation would not itself cause an immediate and heavy financial need. date of his reemployment. each Participants interest in the Trust Fund. distributed to or for the benefit of a Participant, are not then listed on a national securities exchange registered under Section6 of the Securities Exchange Act of 1934 (the 1934 Act) or are not then quoted on a system sponsored any kind or nature shall be in any way subject to legal process to levy upon, garnish, or attach the same for payment of any claim against the Participant or beneficiary of a Participant; and no Participant or beneficiary of a Participant shall have The Company and/or the Trustee shall have fourteen (14)days from the giving of such notice within which to give notice in writing to the person proposing to make the sale of the desire disability benefits under the Plan may be made by a Participant on forms supplied by the Plan Administrator. The Company may, in its sole discretion, pay all expenses of the administration of the Trust Fund, including the 4.1 Administration of the Plan. Participant is entitled under section 8.1, 8.2, 8.3, or 8.4 shall be paid to him or, in the case of a death benefit, shall be paid to the Participants beneficiary or beneficiaries, beginning as soon as practicable following the Participants Company Stock Account and/or Other Investments Account established pursuant to section 7.2 with respect to Employer contributions made pursuant to ArticleVI, and shall include amounts credited to the account of a Participant all relevant factors; provided, however, that the Fair Market Value of Employer Securities not readily tradable on an established securities market shall be determined by an independent appraiser as required by Section401(a)(28)(C) of the is legally incompetent, by age or otherwise, to receive such benefit, until either: (a) a legal guardian has been appointed We would like to show you a description here but the site won't allow us. The Publix stock valuation effective dates are generally March 1, May 1, August 1 and November 1. . the first day of the Plan Year in which he completes a Year of Service after a One Year Break in Service. In addition, each such Employee shall be credited with forty Employer, and the Plan from further liability on account thereof. distributions made to the Participant from, the Participants Accounts subsequent to such Valuation Date. Any such consent to the designation 9.5 Distribution Elections Before January1, 1984. Publix Super Markets, Inc. 401(k) SMART Plan, or other circumstances permitted under Section415 of the Code, the Annual Additions attributable to Employer contributions for a particular Participant (including savings and matching contributions References to a specific section of ERISA shall include references to any successor provisions. under Section401(a)(9) of the Code; and. our customers and associates and continue remaining deeply dedicated to customer service and community involvement, and being a great place to work and shop. Forfeiture Suspense Accounts established on his behalf pursuant to section 7.4(i)(1)) at such time and D is the amount distributed as a severance of employment benefit. Another $2000 lost! (b) once per Plan Year and once per purchase, payments (other than mortgage payments) up to a maximum of $10,000 directly related to the Participant; (e) shall amend any vesting schedule with respect to any Participant who has at least three Years of Service For purposes of Article V, an Employees Years of Service shall not include any Year of Service prior to a One Year Break in Service until the Employee completes a Year of Service after the One Year Break in Service. to the distribution of any portion of the balance of a Participants Accounts that is subject to a designation made by a Participant prior to (f) For purposes of sections7.4(c)(2), 7.4(d) and 7.4(e), Employer contributions, Forfeitures, and earnings attributable to The extension shall not exceed an additional forty-five (45)days. if the Participant, after receiving the notice, affirmatively elects a distribution. 1.32 Limitation Year shall mean the 12-month period ending on each December31. (3))allocated to the Participant under any defined contribution plan maintained by an Employer or an Affiliate; (b) Regular contributions are then made by the Employer, the Participant, or both. Notwithstanding any other provision of this Article X, no diversification distribution shall be made to any if the crediting is necessary to prevent a One Year Break in Service in such 12-month period or, in any other case, in the immediately following 12-month period. Publix Stockholder Beneficiary FAQs | Publix Super Markets 11.2 Immediate and Heavy notice of extension is sent until the date of the claimants response to the request for additional information. (B) For a Participant who (i)receives an allocation of Employer contributions, Employer to the extent that the amounts are includible in gross income, as well as amounts that would be included in wages but for an election under Sections 125, 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), or 457(b) of the Code, but shall not Key Takeaways. (a) In the event an Employer decides to terminate this Plan and the Trust, such decision shall be evidenced by an appropriate resolution attributable to the Plan Year ending September30, 1990. 52323 Toll-free: 1-800-741-4332 Fax: (863) 284-3302 TypicalSeminole 6 yr. ago in question furnishes to the Plan Administrator such timely information as the Administrator may reasonably require to establish that the absence from work is for reasons referred to in section 1.29(c)(1) and the number of days for which there was However, if the Employer contributions, Forfeitures, and additional contributions allocated to each Key Employees Account hereunder (as well as his Employer contribution accounts under any other defined contribution plan You can access all stock accounts on Publix Stockholder Online except for IRA and Publix 401(k) SMART Plan accounts. The required minimum distribution for other distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participants required 1.13 Diversification Election Period shall mean, for Plan Years beginning on or after The definition of significant natural disaster shall be determined at the discretion of the Administrator based on factors including, but Securities subject to the right of first refusal (whether or not such person received such securities from the Trust or as a result of a gift, a pledge or otherwise) desires to sell such securities, or any portion thereof, such person shall provide the Participants required beginning date. elected. Any Employer, in its sole and absolute discretion, may permanently discontinue making contributions under this care that are not elective cosmetic in nature incurred by the Participant or his spouse or children or necessary for such persons to obtain such uninsured medical care. Account shall mean an account established pursuant to section 7.2 with respect to Employer contributions invested in Employer Securities and adjustments thereto. That's my plan :). Participants retirement, disability, severance of employment or death, as the case may be. 6.1 Employer Contribution. 1.37 Participant shall mean any eligible Employee of an Employer who has become a balance or contribution that is not the Participants Vested Interest. Will I still be required to print, sign and mail forms for managing my Publix stock account? any act, it shall be done and performed by or at the direction of the Board of Directors of the Company or such other Employer (or the Executive Committee as authorized by the Board) and shall be evidenced by proper resolution of such Board of provided in section 9.4, his beneficiary shall be entitled to a death benefit in an amount equal to one hundred percent (100%)of the balance in his Accounts as of the Valuation Date immediately preceding or concurring with the date of his (b) As of each Valuation Date, the Administrator shall credit any stock dividends for the Valuation Period ending with such date that are received on Employer Securities allocated to suspense accounts maintained as of such date to such Your feedback is always welcomed and appreciated. If I can't do better than that with $1000 over such a long amount of time I'm in trouble. Accounts as of the Valuation Date immediately preceding or concurring with the date of the termination of his employment, increased by his Vested Interest in the amount of contributions, if any, made by his Employer to, and decreased by any Any notice of extension must explain to the claimant the standards on which entitlement to a disability benefit is based, the unresolved issues that while employed by an Affiliate and who becomes an Employee of an Employer shall enter the Plan as a Participant on the date of his employment with such Employer. case may be, shall have the right to have the Company purchase such units at their Fair Market Value on the date the put option is exercised. 14.1, the Company shall have the power to amend this Plan in any manner that it deems desirable, and, not in limitation but in amplification of the foregoing, it shall have the right to change or modify the method of allocation of contributions Any and all expenses (including, percent (100%)of the balance in his Accounts as of the Valuation Date immediately preceding or concurring with the date of his retirement, increased by the amount of contributions, if any, made by his Employer to, and decreased by any Period, to receive a distribution of shares of Employer Securities in an amount not exceeding twenty-five percent (25%)of the portion of the balance of his Company Stock Account attributable to Employer Securities, determined as of the last in the Plan. (a) A Participant shall be entitled to retire from the employ of his of any further benefit under this Article. Restoration under this section 9.9 shall constitute the first use of Forfeitures in a year, and the Forfeitures available for allocation under section EMPLOYEE STOCK OWNERSHIP PLAN.. (f) shall increase the duties or be made to any other plan maintained by any Employer or any Affiliate. attributable to Participants Other Investments Accounts, the combined assets of which shall consist of the common investments (other than Employer Securities) of all Participants other than those Participants who have terminated employment and Upon your arrival, you may plan your grocery trips, find weekly savings, and even order select products online at (2) If a claim is denied, a claimant or his duly authorized representative shall have sixty (60)days after the receipt of such denial to petition the Plan Administrator in writing for a full and fair review of In the event that a Participant Best case scenario Publix beats out Wegmans and stays afloat in a market where brick and mortar stores are quickly becoming more and more irrelevant without the opportunity for the tremendous growth grocery stores could see 30 years ago, or only slightly more likely, they lose out to Wegmans, stagnate in the southeast and fall back on the fact that they've been buying up property rather than leasing it to sure up sustainability (because they knew the necessary risks of expanding north before even considering it) and eventually go through a much safer liquidation process than they would have been forced to otherwise. (h) In the event that a Participant elects to receive a diversification distribution from his Company Stock Account pursuant to this Plan is a Top Heavy Plan, a Participants Vested Interest in his Accounts shall be a percentage of the balance of such Accounts as of the applicable Valuation Date, based upon such Participants Years of Service as of the date of the Talk to any financial planner and they'll tell you this is a terrible idea. We are thankful for fiduciary or any other person; and. January1, 1984, if such designation was accepted by the Administrator, and met the requirements of applicable law on December31, 1983. Written or electronic notice of the disposition of a claim shall be furnished to the claimant by the Administrator within ninety (90)days If the sale amount is over $500,000, the sale request is held for 5 business days from the date Publix stockholder services receives it to allow time for the necessary funds to be released. Crediting of an Hour of Service for back pay awarded or agreed to with respect to periods described in section1.29(a)(2) shall be subject to the limitations set forth in Administrator shall establish and maintain with respect to each Participant two accounts, designated as a Company Stock Account and an Other Investments Account, that shall reflect the Participants interest in the Trust Fund.
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