Common use of Alternative Forms of Payment Preserved to February 1, 2002 Clause in Contracts

Alternative Forms of Payment Preserved to February 1, 2002. Any individual who is a Farnell Transferee at the time of his termination of employment, and any other Farnell Member who is not employed by an Employer or Affiliate, who has vested Accounts exceeding $5,000 and who elects on the Appropriate Form to receive a distribution commencing as of a date on or before February 1, 2002 may on such form elect one of the following with respect to the vested amounts held in his Elective and Rollover Subaccounts: (a) an annuity, which in the case of a married Member shall, except as provided below, be in the form of a “Joint and Fifty-Percent Survivor Annuity” (i.e., an annuity for the life of the Member with a survivor annuity for the life of his spouse which is fifty percent of the amount of the annuity payable during the joint lives of the Member and his spouse), and which in the case of an unmarried Member, or of a married Member who has waived the Joint and Fifty-Percent Survivor Annuity option with spousal consent in accordance with applicable regulations, shall be in the form of a straight-life annuity, in each case to be provided by the purchase of an annuity contract on a unisex basis; (b) a series of installment payments made on a monthly, quarterly, or annual basis over a reasonable fixed period of time not exceeding the life expectancy of the Member; (c) a single sum payment.

Alternative Forms of Payment Preserved to February 1, 2002. Any individual who is a Farnell Transferee Consan Member at the time of his termination of employmentemployment with an Employer or Affiliate, and any other Farnell Consan Member who is not employed by an Employer or Affiliate, who has vested Accounts exceeding $5,000 and who elects on the Appropriate Form to receive a distribution commencing as of a date on or before February 1, 2002 may on such form elect one of the following with respect to the vested amounts held in his Elective and Rollover SubaccountsSubaccount: (a) an annuity, which in the case of a married Member shall, except as provided below, be in the form of a “Joint and Fifty-Percent Survivor Annuity” (i.e., an annuity for the life of the Member with a survivor annuity for the life of his spouse which is fifty percent of the amount of the annuity payable during the joint lives of the Member and his spouse), and which in the case of an unmarried Member, or of a married Member who has waived the Joint and Fifty-Percent Survivor Annuity option with spousal consent in accordance with applicable regulations, shall be in the form of a straight-life annuity, in each case to be provided by the purchase of an annuity contract on a unisex basis; (b) a series of installment payments made on a monthly, quarterly, or annual basis over a reasonable fixed period of time not exceeding the life expectancy of the Member;; or (c) a single sum payment.

Alternative Forms of Payment Preserved to February 1, 2002. Any individual who is a Farnell Transferee VEBA Member at the time of his termination of employmentemployment with an Employer or Affiliate, and any other Farnell VEBA Member who is not employed by an Employer or Affiliate, who was a participant in the Wyle Electronics Capital Accumulation Plan on or before June 30, 1996, who has vested Accounts exceeding $5,000 and who elects on the Appropriate Form to receive a distribution commencing as of a date on or before February 1, 2002 may on such form elect one of the following with respect to the vested amounts held in his Elective Elective, Matching, and Rollover Subaccounts: (a) an annuity, which in the case of a married Member shall, except as provided below, be in the form of a “Joint and Fifty-Percent Survivor Annuity” (i.e., an annuity for the life of the Member with a survivor annuity for the life of his spouse which is fifty percent of the amount of the annuity payable during the joint lives of the Member and his spouse), and which in the case of an unmarried Member, or of a married Member who has waived the Joint and Fifty-Percent Survivor Annuity option with spousal consent in accordance with applicable regulations, shall be in the form of a straight-life annuity, in each case to be provided by the purchase of an annuity contract on a unisex basis; (b) a series of installment payments made on a monthly, quarterly, or annual basis over a reasonable fixed period of time not exceeding the life expectancy of the Member;; or (c) a single sum payment.

Alternative Forms of Payment Preserved to February 1, 2002. Any individual who is a Farnell Transferee SBM Member at the time of his termination of employmentemployment with an Employer or Affiliate, and any other Farnell SBM Member who is not employed by an Employer or Affiliate, who has vested Accounts exceeding $5,000 and who elects on the Appropriate Form to receive a distribution commencing as of a date on or before February 1, 2002 may on such form elect one of the following with respect to the vested amounts held in his Elective Elective, Matching, and Rollover Subaccounts: (a) an annuity, which in the case of a married Member shall, except as provided below, be in the form of a “Joint and Fifty-Percent Survivor Annuity” (i.e., an annuity for the life of the Member with a survivor annuity for the life of his spouse which is fifty percent of the amount of the annuity payable during the joint lives of the Member and his spouse), and which in the case of an unmarried Member, or of a married Member who has waived the Joint and Fifty-Percent Survivor Annuity option with spousal consent in accordance with applicable regulations, shall be in the form of a straight-life annuity, in each case to be provided by the purchase of an annuity contract on a unisex basis; (b) a series of installment payments made on a monthly, quarterly, or annual basis over a reasonable fixed period of time not exceeding the life expectancy of the Member;; or (c) a single sum payment.

Alternative Forms of Payment Preserved to February 1, 2002. Any individual who is a Farnell Transferee at the time of his termination of employment, and any other Farnell Member Participant who is not employed by an Employer or Affiliate, who has vested Accounts exceeding $5,000 and who elects on the Appropriate Form to receive a distribution commencing as of a date on or before February 1, 2002 may on such form elect one of the following with respect to the vested amounts held in his Elective and Rollover Subaccounts: (a) an annuity, which in the case of a married Member shall, except as provided below, be in the form of a “"Joint and Fifty-Percent Survivor Annuity” " (i.e., an annuity for the life of the Member with a survivor annuity for the life of his spouse which is fifty percent of the amount of the annuity payable during the joint lives of the Member and his spouse), and which in the case of an unmarried Member, or of a married Member who has waived the Joint and Fifty-Percent Survivor Annuity option with spousal consent in accordance with applicable regulations, shall be in the form of a straight-life annuity, in each case to be provided by the purchase of an annuity contract on a unisex basis; (b) a series of installment payments made on a monthly, quarterly, or annual basis over a reasonable fixed period of time not exceeding the life expectancy of the Member; (c) a single sum payment.

Alternative Forms of Payment Preserved to February 1, 2002. Any individual who is a Farnell Transferee Consan Participant at the time of his termination of employmentemployment with an Employer or Affiliate, and any other Farnell Member Consan Participant who is not employed by an Employer or Affiliate, who has vested Accounts exceeding $5,000 and who elects on the Appropriate Form to receive a distribution commencing as of a date on or before February 1, 2002 may on such form elect one of the following with respect to the vested amounts held in his Elective and Rollover SubaccountsSubaccount: (a) an annuity, which in the case of a married Member shall, except as provided below, be in the form of a “"Joint and Fifty-Percent Survivor Annuity” " (i.e., an annuity for the life of the Member with a survivor annuity for the life of his spouse which is fifty percent of the amount of the annuity payable during the joint lives of the Member and his spouse), and which in the case of an unmarried Member, or of a married Member who has waived the Joint and Fifty-Percent Survivor Annuity option with spousal consent in accordance with applicable regulations, shall be in the form of a straight-life annuity, in each case to be provided by the purchase of an annuity contract on a unisex basis; (b) a series of installment payments made on a monthly, quarterly, or annual basis over a reasonable fixed period of time not exceeding the life expectancy of the Member;; or (c) a single sum payment.