Common use of Annuity Form of Benefit Payment Clause in Contracts

Annuity Form of Benefit Payment. A Member to whom a benefit is payable on account of retirement under a retirement plan sponsored by the Company may, prior to the Member's retirement date under such retirement plan, elect to receive all or any designated portion of this Plan benefit in an alternate annuity form regardless of the amount of the Member's account balance.

Appears in 6 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Annuity Form of Benefit Payment. A Member to whom a 11 benefit is payable on account of retirement under a retirement plan 12 sponsored by the Company may, prior to the Member's retirement date 13 under such retirement plan, elect to receive all or any designated 14 portion of this Plan benefit in an alternate annuity form regardless of 15 the amount of the Member's account balance.. 16 ARTICLE 9

Appears in 1 contract

Samples: Collective Bargaining Agreement

Annuity Form of Benefit Payment. A Member to whom a 38 benefit is payable on account of retirement under a retirement plan 39 sponsored by the Company may, prior to the Member's retirement date 1 under such retirement plan, elect to receive all or any designated portion 2 of this Plan benefit in an alternate annuity form regardless of the amount 3 of the Member's account balance.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Annuity Form of Benefit Payment. A Member to whom a 36 benefit is payable on account of retirement under a retirement plan 37 sponsored by the Company may, prior to the Member's retirement date 38 under such retirement plan, elect to receive all or any designated 39 portion of this Plan benefit in an alternate annuity form regardless of 40 the amount of the Member's account balance.. 41 1 ARTICLE 9

Appears in 1 contract

Samples: Collective Bargaining Agreement

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