Common use of Method of Distribution Clause in Contracts

Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment be paid as follows: (Select one) • Single Lump Sum Payment • Three Annual Installments • Five Annual Installments • Ten Annual Installments I understand that Plan distributions made for reasons other than Termination of Employment will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.

Appears in 3 contracts

Samples: Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/), Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/), Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)

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Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (Select oneCHECK ONE) Single Lump Sum Payment • lump sum payment OR in Three Annual Installments • annual installments Five Annual Installments • annual installments Ten Annual Installments annual installments I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.

Appears in 2 contracts

Samples: Time Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/), Deferred Compensation Agreement (Progressive Corp/Oh/)

Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment be paid as follows: (Select oneCHECK ONE) Single Lump Sum Payment • lump sum payment OR in Three Annual Installments • annual installments Five Annual Installments • annual installments Ten Annual Installments annual installments I understand that Plan distributions made on account for reasons other than Termination of Employment will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/), Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)

Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (Select one) • Single Lump Sum Payment • Three Annual Installments • Five Annual Installments • Ten Annual Installments I understand that Plan distributions made for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.

Appears in 2 contracts

Samples: Time Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/), Deferred Compensation Agreement (Progressive Corp/Oh/)

Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment be paid as follows: (Select oneCHECK ONE) • Single Lump Sum Payment • ____ in a single lump sum payment OR in Three Annual Installments • annual installments ___ Five Annual Installments • annual installments ___ Ten Annual Installments annual installments ___ I understand that Plan distributions made for on account of reasons other than Termination of Employment will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and at least one year prior to the date of distribution to the extent permitted by the Plan.

Appears in 1 contract

Samples: Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)

Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment be paid as follows: (Select oneCHECK ONE) Single Lump Sum Payment • Three Annual Installments • Five Annual Installments • Ten Annual Installments lump sum payment ( ) OR in I understand that Plan distributions made on account for reasons other than Termination of Employment will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and at least one year prior to the date of distribution to the extent permitted by the Plan.

Appears in 1 contract

Samples: Executive Deferred Compensation Plan (Progressive Corp/Oh/)

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Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment be paid as follows: (Select oneCHECK ONE) Single Lump Sum Payment • lump sum payment ¨ OR in Three Annual Installments • annual installments ¨ Five Annual Installments • annual installments ¨ Ten Annual Installments annual installments ¨ I understand that Plan distributions made on account for reasons other than Termination of Employment will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and at least one year prior to the date of distribution to the extent permitted by the Plan.

Appears in 1 contract

Samples: Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)

Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment be paid as follows: (Select oneCHECK ONE) Single Lump Sum Payment • lump sum payment ( ) OR in Three Annual Installments • annual installments ( ) Five Annual Installments • annual installments ( ) Ten Annual Installments annual installments ( ) I understand that Plan distributions made on account for reasons other than Termination of Employment will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and at least one year prior to the date of distribution to the extent permitted by the Plan.

Appears in 1 contract

Samples: Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)

Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment be paid as follows: (Select oneCHECK ONE) Single Lump Sum Payment • lump sum payment ¨ OR in Three Annual Installments • annual installments ¨ Five Annual Installments • annual installments ¨ Ten Annual Installments annual installments ¨ I understand that Plan distributions made on account for reasons other than Termination of Employment will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.

Appears in 1 contract

Samples: Performance Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)

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