Common use of Change in Election of Time or Form of Payment Clause in Contracts

Change in Election of Time or Form of Payment. With the Company’s approval, the Director may change the form of payment under section 2.2, change the duration or frequency of installment payments under section 2.2, or delay the date of payment under section 2.3 by filing a new Election Form with the Company. An election to change (i) the form of payment under section 2.2,