ANNUITY ELECTIONS Sample Clauses

ANNUITY ELECTIONS. A Participant may, upon notice to Prudential, elect to have his Participant's Account applied to purchase an annuity for him. The dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in any of the Participant's Accounts or in an Account for him under a companion contract, his Account is cancelled. If the Participant's Account has not been cancelled before the end of the calendar year in which he reaches age 70 1/2, a 120 monthly Payment Certain annuity will be purchased for him at the end of that year (see section 4.4).
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ANNUITY ELECTIONS. 400 4.2 Annuity - Single Sum Payment Combination . . . . . 400 4.3 Small Annuities and Accounts . . . . . . . . . . . 400 4.4 Terms of Payment of Annuities. . . . . . . . . . . 400 4.5 Contract-Holder as Payee - Prudential as Agent . . 410
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ANNUITY ELECTIONS. A Participant may, upon notice to Prudential, elect to have his Participant's Account applied to purchase an annuity for him but only under the conditions permitted by the Plan, if any. The dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled. If the Participant's Account has not been cancelled before the month in which he reaches the latest age at which he is permitted to defer his distribution under law, a 120 monthly Payment Certain annuity will be purchased for him at the beginning of that month (see section 4.4).
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ANNUITY ELECTIONS. 400 4.2 Annuity - Single Sum Payment Combination 400 4.3 Small Annuities and Accounts . . . . . . 400 4.4 Terms of Payment of Annuities. . . . . . 400 4.5 Payees . . . . . . . . . . . . . . . . . 410 V. CHANGES 5.1 Changes by Prudential. . . . . . . . . . 500 5.2 Changes by Agreement . . . . . . . . . . 500 5.3 Changes to Conform to Law. . . . . . . . 500 5.4 Persons Empowered to Act for Prudential. 500
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ANNUITY ELECTIONS. A Participant may, upon notice to Prudential and subject to written authorization from the Contract-Holder, elect to have the non-forfeitable part of his Participant's Account applied to purchase an annuity for him. The Withdrawal Value of the Account will be applied if the purchase is made during the first 36 months from the day an Account was established for him. The earliest of the days an Account was established for him under this contract, under a companion contract or under a similar contract if section 3.5 applies will be used in counting the 36 months. If the purchase is made after the 36 months, the dollar value of the non-forfeitable part of his Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled. If the Participant's Account has not been cancelled before the month in which he reaches age 75, a 120 monthly Payment Certain annuity will be purchased for him at the beginning of that month (see section 4.4).
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ANNUITY ELECTIONS. Prudential may be notified that a Participant has elected to have his Participant's Account applied to purchase an annuity for him pursuant to the Plan. The Withdrawal Value of the Account will be applied if the purchase is made during the first 36 months from the day an Account was established for him. The earlier of the days an Account was established for him under this contract or under a companion contract will be used in counting the 36 months. If the purchase is made after the 36 months, the dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled.
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ANNUITY ELECTIONS. A Participant may, upon notice to Prudential, elect to have his Participant's Account applied to purchase an annuity for him. The Withdrawal Value of the Account will be applied if the purchase is made during the first 36 months from the day an Account was established for him. The earliest of the days an Account was established for him under this contract, under a companion contract, or under a similar contract if section 3.5 applies will be used in counting the 36 months. If the purchase is made after the 36 months, the dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled. If the Participant's Account has not been cancelled before the month in which he reaches age 75, a 120 monthly Payment Certain annuity will be purchased for him at the beginning of that month (see section 4.4).
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ANNUITY ELECTIONS. A Participant may elect to receive a distribution of his Account under the contract in any of the following forms:
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ANNUITY ELECTIONS. A Participant may, upon notice to Prudential, elect to have his Participant's Accounts applied to purchase an annuity for him but only under the conditions permitted by the Plan, if any. The dollar value of the Accounts will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rate for that annuity. As of the first day no amounts remain in any of the Participant's Accounts under this contract or in an Account for him under a companion contract, his Accounts hereunder are cancelled. If the Participant's Accounts have not been cancelled before the month in which he reaches the latest age at which he is permitted to defer his distribution under law, a 120 monthly Payment Certain annuity will be purchased for him at the beginning of that month (see section 4.4).
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Related to ANNUITY ELECTIONS

  • BENEFIT PAYMENT ELECTIONS Not earlier than 90 days, but not later than 30 days, before the Participant's annuity starting date, the Advisory Committee must provide a benefit notice to a Participant who is eligible to make an election under this Section 6.03. The benefit notice must explain the optional forms of benefit in the Plan, including the material features and relative values of those options, and the Participant's right to defer distribution until he attains the later of Normal Retirement Age or age 62. If a Participant or Beneficiary makes an election prescribed by this Section 6.03, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit in accordance with that election. Any election under this Section 6.03 is subject to the requirements of Section 6.02 and of Section 6.04. The Participant or Beneficiary must make an election under this Section 6.03 by filing his election with the Advisory Committee at any time before the Trustee otherwise would commence to pay a Participant's Accrued Benefit in accordance with the requirements of Article VI.

  • ANNUITY Payment of an income:

  • ANNUITY PAYMENT OPTIONS a. Life Annuity / Life Annuity with Certain Period -- Fixed and/or Variable Annuity Payments will be made for the lifetime of the Annuitant with no Certain Period, or life and a 10 year Certain Period, or life and a 20 year Certain Period.

  • Deferral Elections As provided in Sections 5(f), 6(h) and 14(d), the Executive may elect to defer the Pre-Change in Control Severance Payment, the Post-Change in Control Severance Payment and the Consulting Payment as follows. The Executive’s deferral election shall satisfy the requirements of Treasury Regulation Section 1.409A-2(b) and the terms and conditions of the Deferred Compensation Plan. Such deferral election shall designate the whole percentage (up to a maximum of 100%) of the Pre-Change in Control Severance Payment, the Post-Change in Control Severance Payment and the Consulting Payment to be deferred, shall be irrevocable when made, and shall not take effect until at least twelve (12) months after the date on which the election is made. Such deferral election shall provide that the amount deferred shall be deferred for a period of not less than five (5) years from the date the payment of the amount deferred would otherwise have been made, in accordance with Treasury Regulation Section 1.409A-2(b)(1)(ii).

  • ANNUITY BENEFIT Payments under an Annuity Benefit will be made monthly. You may elect instead to have the Annuity Benefit paid at other intervals, such as every three months, six months, or twelve months, instead of monthly, subject to our rules at the time of your election or as otherwise stated in the Data Pages or any Endorsement attached hereto. This election may be made at the time the Annuity Benefit form as described in Section 8.04 is elected. In that event, all references in this Contract to monthly payments, with respect to the Annuity Benefit to which the election applies, will be deemed to mean payments at the frequency elected.

  • Election Form The Consideration shall be payable in accordance with the election made by Contributor in the Consideration Election Form (“Election Form”) accompanying the PPM, the results of which election are set forth on Exhibit A hereto. If, pursuant to the Election Form, Contributor (A) elected all or part of Contributor’s consideration payable hereunder to be in the form of units of limited partnership interests of the Operating Partnership (“OP Units”) and (B) submitted to the Operating Partnership (x) an executed Investor Questionnaire representing and warranting to the Operating Partnership that Contributor is an “accredited investor” as defined in the Investor Questionnaire and (y) any other documentation required by the Operating Partnership, including, but not limited to, a signature page to the Partnership Agreement (as hereinafter defined), Contributor shall receive OP Units in an amount determined in the manner described on Exhibit A hereto. The portion of the Consideration, if any, payable in cash is set forth on Exhibit A. Contributor agrees that the cash payment shall be made and the OP Units shall be registered in the name of the persons or entities set forth on the Election Form. OP Units will only be delivered to Contributor if Contributor has represented to the Operating Partnership that Contributor is an “accredited investor”. No fractional OP Units will be issued and OP Units will be rounded to the nearest whole number. The Consideration payable to Contributor, whether in cash, in OP Units or a combination thereof, may be reduced by the amount the Operating Partnership reasonably determines must be withheld for tax purposes. The rights and obligations of holders of OP Units as of the Closing will be as set forth in the First Amended and Restated Agreement of Limited Partnership of the Operating Partnership (the “Partnership Agreement”), a draft copy of which is included as an exhibit to the PPM.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • ANNUITY PAYMENTS If the Annuitant is living and this contract is in force on the Annuity Commencement Date, based on the election we have on record we will begin to make annuity payments under one of the payout options below or any other payout option we make available. You may elect for payments to be made monthly, quarterly, semi-annually or annually or any other frequency that we make available. If no election is made as of the Annuity Commencement Date, payments will be made monthly under Fixed Annuity Payout Option F-2 with a guaranteed period of 10 years. If annuity payout option F-3 is chosen, you must select a joint Annuitant prior to the Annuity Commencement Date. All annuity payments are based on: • the age and sex (if a Non-Qualified Contract) of the Annuitant at the birthday nearest the Annuity Commencement Date; • the Accumulation Value on the Annuity Commencement Date less any annuity taxes; • the annuity payout option elected; and • the annuity payout frequency. Payee Unless you request otherwise, the payee of any annuity payments will be the first among the following who is living at the time the payment is to be made: • any surviving Owner or joint Owner; if none then • any surviving Primary Beneficiary; if none then • any surviving Contingent Beneficiary. If no payees are living and a guaranteed period has not ended, the present value of any remaining payments will be paid to the estate of the last remaining payee. Annuity Payout Options You may elect to receive annuity payments from one of the following options or any other option we make available. Unless stated otherwise, once annuity payments begin you may not change the Annuitant, payout option, guaranteed period or, in the case of option F-3, the survivor percentage. Life Annuity without Guaranteed Period (Option F-1) We will make fixed annuity payments during the lifetime of the Annuitant. We do not guarantee a minimum number of annuity payments under this option. Payments stop once the Annuitant dies. Life Annuity with Guaranteed Period (Option F-2) We will make fixed annuity payments during the lifetime of the Annuitant. Payments are guaranteed for any number of full years between 1 and 30. The length of the guaranteed period must be elected prior to receiving any annuity payments, and cannot exceed the life expectancy of the Annuitant. If the Annuitant dies before the end of the guaranteed period, we will pay the balance of the payments for the remainder of that period, unless you elect to be paid the present value of the current dollar amount of the then remaining annuity payments in a lump sum. Joint and Survivor Annuity (Option F-3) We will make fixed annuity payments while the Annuitant and joint Annuitant are living and during the survivor’s remaining lifetime. Based on your selection, payments may have no guaranteed period or may have a guaranteed period for any number of full years between 1 and 30. If you select a guaranteed period, the length of the guaranteed period must be elected prior to receiving any annuity payments, and cannot exceed the joint life expectancy of the Annuitants. When the Annuitant or the joint Annuitant dies, payments based on a percentage of the payment in effect while both were living will continue for the lifetime of the survivor. The percentage may be any percentage between 5% and 100%. The percentage must be elected prior to receiving the first annuity payment. If both the Annuitant and joint Annuitant die before the end of any guaranteed period, we will pay the balance of the payments for the remainder of that period, unless you elect to be paid the present value of the current dollar amount of the then remaining annuity payments in a lump sum.

  • Code Section 83(b) Election The Participant shall be permitted to make an election under Code Section 83(b), to include an amount in income in respect of the Award of Restricted Stock in accordance with the requirements of Code Section 83(b).

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

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