Common use of Election as to Form Clause in Contracts

Election as to Form. In lieu of a lump sum, the Executive may elect for his designated beneficiary to receive the benefit described in Section 3.2(a) in the form of the Pre-Retirement Survivor Benefit. The amount of such benefit shall equal the amount elected by the Executive pursuant to Section 3.2(b) if applicable. The Executive’s election pursuant to this Section 3.2(c) to receive the monthly form of benefit (including any change thereto or revocation thereof) shall either be made on or prior to the first day in which he begins to accrue any benefits under this Agreement or otherwise shall not take effect until twelve months after the date on which it is made.

Election as to Form. In lieu of a lump sum, the Executive may elect for his designated beneficiary to receive the benefit described in Section 3.2(a) 3.2.1 in the form of the Pre-Retirement Survivor Benefit. The amount of such benefit shall equal the amount elected by the Executive pursuant to Section 3.2(b) 3.2.2 if applicable. The Executive’s election pursuant to this Section 3.2(c) 3.2.3 to receive the monthly form of benefit (including any change thereto or revocation thereof) shall either be made on or prior to in accordance with the first day transitional election rules stated in which he begins to accrue any benefits under this Agreement Section 2.2.9 or otherwise shall not take effect until twelve months after the date on which it is made.

Election as to Form. In lieu of a lump sum, the Executive may elect for his designated beneficiary to receive the benefit described in Section 3.2(a) in the form of the Pre-Retirement Survivor Benefit. The amount of such benefit shall equal the amount elected by the Executive pursuant to Section 3.2(b) if applicable. The Executive’s election pursuant to this Section 3.2(c) to receive the monthly form of benefit (including any change thereto or revocation thereof) shall either be made on or prior to in accordance with the first day transitional election rules stated in which he begins to accrue any benefits under this Agreement Section 2.2.10 or otherwise shall not take effect until twelve months after the date on which it is made.