Common use of Commencement of Distributions Clause in Contracts

Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) þ Monthly on the 15th day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ Quarterly on the _____ day of the following months ____________, ______________, _______________, or____________ (list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) ¨ Annually on the _____ day of ____________ (month) which day next follows the applicable triggering event described in 1.07(a).

Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) þ Monthly on the 15th 1st day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ Quarterly on the _____ 1st day of the following months months____________, ______________, _____________, or __, or_________________ (list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) ¨ Annually on the _____ 1st day of ____________ (month) which day next follows the applicable triggering event described in 1.07(a).

Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) þ Monthly on the 15th 1st day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ Quarterly on the _____ day of the following months ____________, ______________, _______________, or____________ (list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) ¨ Annually on the _____ day of ____________ (month) which day next follows the applicable triggering event described in 1.07(a).

Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) þ x Monthly on the 15th 1st day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ ☐ Quarterly on the _____ _day of the following months ____________, ______________, _______________, oror ____________ _(list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) ¨ ☐ Annually on the _____ day of ____________ (month) which day next follows the applicable triggering event described in 1.07(a).

Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) þ ☒ Monthly on the 15th day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ ☐ Quarterly on the _____ _day of the following months ____________, ______________, _______________, or____________ (list or________________(list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) ¨ ☐ Annually on the _______ day of ____________ (month) which day next follows the applicable triggering event described in 1.07(a).