Form of Payments. 6.1 Except as provided in Section 6.2 below, all payments to Executive under this Agreement shall be made in cash. 6.2 If the Company makes one or more payment(s) to Executive under Section 5, such payment(s) may, at Executive's option be wholly or partially in the form of one or more immediate or deferred annuity contracts on the sole life of the Executive or jointly on the lives of Executive and Executive's Beneficiary, with any term certain or refund feature elected by Executive.
Appears in 6 contracts
Samples: Executive Deferred Compensation Agreement (PLM International Inc), Executive Deferred Compensation Agreement (PLM International Inc), Executive Deferred Compensation Agreement (PLM International Inc)
