Common use of Medium and Form of Payment Clause in Contracts

Medium and Form of Payment. The medium of payment for withdrawals is either cash or direct deposit; provided however, a withdrawal under either Section 10.02 or 10.03 may be paid, as directed by the Participant, in whole shares of Company Stock to the extent the withdrawal is funded from the Company Stock Fund. The form of payment for withdrawals shall be a single installment.

Appears in 2 contracts

Samples: Salaried 401(k) Plan (Pepsiamericas Inc/Il/), Salaried 401(k) Plan (Pepsiamericas Inc/Il/)

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Medium and Form of Payment. The medium of payment for withdrawals is either cash or direct deposit; provided provided, however, a withdrawal under either Section 10.02 10.03 or 10.03 10.04 may be paid, as directed by the Participant, in whole shares of Company Stock to the extent the withdrawal is funded from the Company Stock Fund. The form of payment for withdrawals shall be a single installment.

Appears in 1 contract

Samples: 401(k) Plan (Pepsiamericas Inc/Il/)

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Medium and Form of Payment. The medium of payment for withdrawals is either cash or direct deposit; provided provided, however, a withdrawal under either Section 10.02 10.3 or 10.03 10.4 may be paid, as directed by the Participant, in whole shares of Company Stock to the extent the withdrawal is funded from the Company Stock Fund. The form of payment for withdrawals shall be a single installment.

Appears in 1 contract

Samples: 401(k) Plan (Pepsiamericas Inc/Il/)

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