Distribution Option definition

Distribution Option means the two distribution options which are available under the Plan, consisting of the Separation Distribution Option and the In-Service Distribution Option.

Distribution Option means the four distribution options which are available under the Plan, consisting of the Retirement Distribution Option, the In-Service Distribution Option, the Flexible Distribution Option and the Deferred Board Remuneration Option.

Distribution Option means the form in which payments to a Plan Participant are to be paid. Distribution Options are determined according to each Participant’s Deferral Account elections or as otherwise provided under the terms of the Plan.

Examples of Distribution Option in a sentence

• Any distribution made to or on behalf of a Participant from one or more of his Distribution Option Accounts in an amount which is less than the entire balance of any such Account shall be made pro rata from each of the Earnings Crediting Options to which such Account is then allocated.

• The Participant’s Distribution Option Accounts shall be reduced by the amount of payments made by the Company to the Participant or the Participant’s Beneficiary pursuant to this Plan.

• If a Participant refuses to cooperate, the Company shall have no further obligation to the Participant under the Plan, other than payment to such Participant of the then current balance of the Participant’s Distribution Option Accounts in accordance with his prior elections.

• With respect to that portion of any Distribution Option Account which is distributed to a Participant as an Emergency Benefit, in accordance with this Article, no further benefit shall be payable to the Participant under this Plan.

• The Participant’s Distribution Option Accounts shall continue to be credited with earnings in accordance with Section 5.2 until such Accounts are fully distributed.

More Definitions of Distribution Option

Distribution Option means an Option granted by the Company as part of the adjustment of stock options granted or assumed by ESS to reflect the separation as an independent corporation of the Company from ESS effectuated by the Distribution.

Distribution Option means any of the following: (i) a life annuity; (ii) a life annuity with 120 monthly payments guaranteed; (iii) a joint and 100% survivor annuity (with 120 payments guaranteed); (iv) a joint and 50% survivor annuity, and (v) a single sum distribution.

Distribution Option means the form in which payments to a Participant are to be paid. Distribution Options are determined as provided in Article 3 of the Plan.

Distribution Option means the form in which distribution of the applicable portion of a Participant's Deferral Account (other than the portion, if any, of such Participant's Deferral Account that is attributable to Supplemental Discretionary Awards) is to be made. Distribution Options are determined according to each Participant's Deferral Elections for each Plan Year or as otherwise provided under the terms of the Plan.

Distribution Option means an Option granted by the Company as part of the adjustment of stock options granted by Jaycor to reflect the separation of the Company from Jaycor effectuated by the Distribution.

Distribution Option means the form in which a payment to a Plan Participant is to be paid. Distribution Options are determined according to each Participant’s Deferral Elections for each Plan year or as otherwise provided under the terms of the Plan.

Distribution Option. (choose whichever shall apply)