Alternative Forms of Payment. Executive may elect to receive his Normal Retirement Benefit payable under this Agreement payable in a Form other than a Life Annuity (as provided above in Section 2.1(a) above), provided he elects to do so either on his initial Election Form or a Change of Election Form. Any Change of Election Form must be in accordance with IRC 409A and such Change of Election Form must be received by the Plan Administrator at least 12 months prior to the date payment of benefits are to other commence under this Agreement. Accordingly, a Participant may elect, in lieu of a Life Annuity, to receive his Normal Retirement Benefit in one of the following Alternative Forms of Payment:
Alternative Forms of Payment. Subject to Section 2.4, the Executive may elect to receive his Normal Retirement Benefit payable under this Plan in an Actuarially Equivalent lump sum, provided he elects to do so upon his initial designation as a Participant or as otherwise permitted by Code Section 409A.
Alternative Forms of Payment. The Company may, in its sole discretion, agree to allow you to make payment of the exercise price in any one of the following forms:
Alternative Forms of Payment. A Member may elect, or after death in default of such election the Spouse may elect, that the Actuarial Equivalent of any lump sum amounts payable under Section 12.01, 12.02, 12.03 or 12.04 to such Spouse be applied to provide an immediate annuity to the Spouse, without a guarantee period or with a guarantee period of complete years not exceeding the lesser of 15 years and the number of years between the date of the Member's death and the day before the Spouse would attain age 86.
Alternative Forms of Payment. Executive may elect, with respect to any type of Distribution Event, to receive payment of the Deferred Incentive Benefit in either:
Alternative Forms of Payment. The Issuer, at its sole discretion, may allow the Holder to exercise this Warrant by the surrender of shares of the Issuer's stock owned by the Holder with a value, as determined by the Issuer, equal to the Purchase Price, provided that if the Holder is subject to short-swing profit liability under Section 16 of the Securities Exchange Act, the timing of the exercise must satisfy the requirements of Rule 16b-3 of the Securities and Exchange Commission.
Alternative Forms of Payment. In lieu of the payment provided in Sections 2.01, and 2.02, Executive shall also be entitled to elect an actuarial equivalent single lump sum. Any election by an Executive under this section to receive a single lump sum shall be effective only if it is made in writing and submitted to the Corporation no later than one year preceding the Executive's retirement from the Corporation. The interest rate and other factors used to determine the single lump sum shall be determined at the sole discretion of the Corporation.
