Forms of Distribution Sample Clauses
Forms of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with sections 5.6(c) and 5.6(d) of this section 5.
Forms of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with Section 3 and 4 of this article. If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Treasury regulations.
Forms of Distribution. Unless a Participant's interest is distributed in the form of a single sum on or before the Required Beginning Date, as of the first Distribution Calendar Year, distributions will be made in accordance with subsections (b) and (c).
Forms of Distribution. Each Member may choose to have the distribution of his Accounts made under Section 7.07 of the Plan in accordance with one of the following options (check any options you wish to offer under the Plan):
Forms of Distribution. The Participant may elect (i) a single sum distribution, (ii) an Annuity Benefit, or (iii) any other form of payment of the Cash Value offered by us, subject to the terms of the Plan and the approval of the Employer.
Forms of Distribution. Unless the Participant's interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with Articles III and IV of this Amendment. If the Participant's interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Treasury regulations.
Forms of Distribution. Unless otherwise required under applicable laws, distribution shall be made in cash or in kind in any one or more of the following ways:
(a) a lump sum payment of the total Account balance
(b) installments for a period certain not to exceed the life expectancy of the Participant or the Participant’s designated Beneficiary or the joint lives and last survivor expectancies of the Participant and the Participant’s designated Beneficiary; or
(c) a combination of (a) and (b).
Forms of Distribution. Unless the Participant's interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the "required beginning date," as of the first "distribution calendar year" distributions will be made in accordance with Sections 6.8(c) and 6.8(d) and only in a form of distribution provided in Section 6.5 or 6.6, as applicable. If the Participant's interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Code §401(a)(9) and the Regulations thereunder.
Forms of Distribution. Unless the Participant’s Account is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the Automatic Distribution Date, as of the first Distribution Calendar Year, distributions will be made in accordance with Sections 7.06 and 7.07. If the Participant’s Account is distributed in the form of an annuity contract purchased from an insurance company distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Income Tax Regulations.
Forms of Distribution. The Employee may elect, in a manner acceptable to the Custodian, to have his or her Account balance distributed in:
(a) A single sum payment.
(b) An annuity contract purchased from an insurance company of the Employee's choosing, the payments from which shall be made in equal or substantially equal monthly, quarterly, or annual payments over the life of the Employee or over the joint and last survivor lives of the Employee and his or her designated Beneficiary. The Custodian shall transfer to such insurance company all or a portion of the Employee's Account balance, as directed by the Employee, to accomplish such purpose. Upon such transfer, the Custodian shall have no continuing obligation with respect to distributions to the Employee under this Agreement.
(c) Equal or substantially equal annual payments over a specified period that may not be longer than the Employee's life expectancy.
(d) Equal or substantially equal annual payments over a specified period that may not be longer than the joint life and last survivor expectancy of the Employee and his or her designated Beneficiary. In determining the installments specified in (c) and (d) above, the Employee (or his or her Beneficiary) shall ensure that the payment amounts will comply with the Code and Regulations promulgated thereunder with respect to required minimum payments in such cases. Neither the Custodian nor the Investment Provider shall have responsibility for such compliance, including the recalculation of life expectancy of the Employee and/or the Employee's spouse.