Payment at Scheduled Withdrawal Date. If a Participant reaches a Scheduled Withdrawal Date while in the employ of the Employer (or otherwise prior to termination of employment), the vested balance earned in his or her Accounts having such Scheduled Withdrawal Date shall be paid in a single lump sum, based on the balance of such Accounts as of the last day of the February immediately preceding such Scheduled Withdrawal Date, or be paid in substantially equal annual installments (each reflecting adjustments under [Sections 4.3 and 4.5]5] since the preceding payment) over a period of two to five years as specified in the Participant’s initial deferral election with respect to such Accounts or any subsequent change in such election timely made as provided in [Section 5.1(c)(i)].
Payment at Scheduled Withdrawal Date. IfWhen a Participant reaches a Scheduled Withdrawal Date while in the employ of the Employer (or otherwise prior to termination of employment),Date, the vested balance earned in his or her AccountsAccount(s) having such Scheduled Withdrawal Date shall be paid in a single lump sum, based onpursuant to the balanceform of payment for such Accounts as of the last day of the February immediately preceding such Scheduled Withdrawal Date,Account(s) elected or be paid in substantially equal annual installments (each reflecting adjustments under [Sections 4.3 and 4.5]5] since the preceding payment) over a period of twodeemed pursuant to five years as specified in the Participant’s initial deferral election with respect to such Accounts or any subsequent change in such election timely made as provided in [Section 5.1(c)(i)2(b)]., above.
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