Calculating Installments Sample Clauses

Calculating Installments. For benefits accrued on or before December 31, 2015, each installment, other than installments of unmatched Participant Deferrals will be equal to the vested pre-2016 Account balance (ignoring the subaccount(s) containing unmatched Participant Deferrals) measured as short a period of time before the installment is paid as is administratively convenient, divided by the number of remaining annual installments. For each Plan Year’s unmatched Participant Deferrals, each installment shall be equal to the remaining unmatched Participant Deferrals for the Plan Year, measured as short a period of time before the installment is paid as is administratively convenient, divided by the number of remaining installments. For all benefits accrued during a Plan Year beginning on or after January 1, 2016, each installment shall be equal to the remaining benefits accrued during that Plan Year, measured as short a period of time before the installment is paid as is administratively convenient, divided by the number of remaining installments.