Common use of METHOD OF PAYMENT OF ACCRUED BENEFIT Clause in Contracts

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Administrative Committee will apply Section 6.02 of the Plan with the following modifications: (Choose (a) or at least one of (b), (c), (d) and (e)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: ___. (c) An installment distribution: (Choose (1) or at least one of (2) or (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of _ years or the maximum period permitted under Section 6.02. [ ] (3) (Specify) ___. (d) The Plan permits the following annuity options: ___.

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Administrative Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (Choose (a) or at least one of (b), (c), (d) and (e)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: ___.: (c) An installment distribution: (Choose (1) or at least one of (2) or (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of _ years or the maximum period permitted under Section 6.02. [ ] (3) (Specify) _________________________________________. (d) The Plan permits the following annuity options: ___.:

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Administrative Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (Choose (a) or at least one of (b), (c), (d) and (e)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: ___. (c) An installment distribution: (Choose (1) or at least one of (2) or (3)) (1) Is not available under the Plan. . [ ] (2) May not exceed the lesser of ___ years or the maximum period permitted under Section 6.02. [ ] (3) (Specify) ________________. (d) The Plan permits the following annuity options: ________________.

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Administrative Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (Choose (a) or at least one of (b), (c), (d) and (e)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: _______. (c) An installment distribution: (Choose (1) or at least one of (2) or (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of _ years or the maximum period permitted under Section 6.02. [ ] (3) (Specify) ___. (d) The Plan permits the following annuity options: ___.

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Administrative Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (Choose (a) or at least one of (b), (c), (d) and (e)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: ____. (c) An installment distribution: (Choose (1) or at least one of (2) or (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ____ years or the maximum period permitted under Section 6.02. [ ] (3) (Specify) _____. (d) The Plan permits the following annuity options: ____.

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Administrative Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (Choose (a) or at least one of (b), (c), (d) and (ed)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: _________________________________. (c) An installment distribution: (Choose (1) or at least one of (2) or (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of ____ years or the maximum period permitted under Section 6.02. [ ] (3) (Specify) ___. (d) The Plan permits the following annuity options: ______________________________________________ ______________________.

METHOD OF PAYMENT OF ACCRUED BENEFIT. The Administrative Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (Choose (a) or at least one of (b), (c), (d) and (e)) (a) No modifications. (b) Except as required under Section 6.01 of the Plan, a lump sum distribution is not available: ___.: (c) An installment distribution: (Choose (1) or at least one of (2) or (3)) (1) Is not available under the Plan. (2) May not exceed the lesser of _ years or the maximum period permitted under Section 6.02. [ ] (3) (Specify) ___.) (d) The Plan permits the following annuity options: ___.: