Default Form, Timing and Medium of Payment Sample Clauses

Default Form, Timing and Medium of Payment. Except as otherwise may be provided in Sections 8.2, 8.3 or 8.4, the Participant’s Account (or any particular sub-account) shall be distributed in a single lump sum at the following time:
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Default Form, Timing and Medium of Payment. Except as otherwise may be provided in this Section or in Section 8.2, 8.3 or 8.4, the Participant’s Account (or any particular sub-account) shall be distributed or commenced to be distributed on the first day of the seventh (7th) month following the month in which the Participant’s Separation from Service occurs in a single sum distribution, or if so elected by the Participant, in installments. If the Participant’s Separation from Service is due to death, the Participant’s Account shall be distributed in a single sum distribution (notwithstanding any installment election previously made) to the Participant’s Beneficiary as soon as practicable following the Participant’s death, but in no event later than ninety (90) days after the date of the Participant’s death. All distributions made pursuant to this Plan shall be made in cash. All distributions hereunder shall be the amount determined as of a Valuation Date that is within two weeks preceding the date of distribution.

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