Example ContractsClausesAmount and Form of Distribution
Amount and Form of Distribution
Amount and Form of Distribution contract clause examples

Amount and Form of Distribution. The Participant will receive the Termination Balance in his or her Retirement Distribution Account payable in fifteen (15) substantially equal annual installments (each not being treated separately for any purpose under Code [Section 409A]). The Participant may change the form of payment in accordance with Section 9 of the Plan.

Amount and Form of Distribution. The Separation Distribution Account shall be distributed in the form elected by the Participant at the time the Deferral Election is made. The Participant may change the time or form of payment in accordance with Section 9 of the Plan. The available forms include:

Amount and Form of Distribution. The amount of a Participant’s In-Service Distribution shall be equal to that portion of the Deferred Amounts with respect to which the Participant has made such an election, adjusted for Earnings Credits as set forth in Section 5. The In-Service Distribution will be a lump sum benefit, and the Participant may elect a distribution on January 31 of the year that is five (5) years, ten (10) years, or fifteen (15) years after the end of the Plan Year in which the Deferred Amount is deferred. A Participant may change the distribution date of the In-Service Distribution Account by submitting a new election in accordance with Section 9 of the Plan.

A Participant may elect to have amounts deferred under the Plan (and earnings thereon) distributed in a lump sum payment or in annual installments over a period ranging from three (3) to fifteen (15) years.

In the event a Participant elects to have the distribution of a deferred amount (and dividends thereon) commence thirty (30) days following the date of his or her Separation from Service pursuant to Section 6.2, the Participant may elect to have the deferred amount (and dividends thereon) distributed in a lump sum payment or in equal annual installments over a period of five (5) years. Such election must be made at the time of making the initial deferral election under Section 5.1.

Form of Distribution. A Member's Account under the Plan may be paid in any of the following forms:

Form of Distribution. The Participant may elect a form of distribution for the vested portion of his Account in accordance with the following:

Form of Distribution. A Member's Account under the Plan may be paid in any of the following forms:

Form of Distribution. The Flexible Distribution Account shall be distributed in the form elected by the Participant at the time the Deferral Election is made. The available forms include:

Form of Distribution. The only form of distribution available under this Plan is a lump sum payment. To the extent that cash is available in the Fund, the Trustee shall cause distribution from a Participant’s Vested Account to be made in cash, unless the distributee requests distribution in whole shares of Employer Securities and such cash as may be necessary to represent fractional shares allocated to such Account. To the extent a Vested Account is not invested in shares of Employer Securities and the distributee requests distribution of that portion of the Account be made in shares of Employer Securities, the Trustee shall purchase such shares for the purpose of distribution and shall not use shares allocated to other Participants to make such distribution.

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