Common use of Modifications to Payment Date and Payment Form Clause in Contracts

Modifications to Payment Date and Payment Form. (a) A Trustee may change the Payment Date or Payment Form for payment of the Trustee’s Compensation Deferrals by submitting a Modification Form to the Plan Administrator. Changes to Payment Date or Payment Form will be applied so long as: (i) With respect to such changes: (1) the Modification Form provides for a new Payment Date that is at least five years later than the original Payment Date (determined in accordance with 409A); (2) the Modification Form is submitted to the Plan Administrator at least twelve months prior to the original Payment Date; and (3) the Modification Form has been in place for at least twelve months before payment would have been due under the prior Deferral Election Form; and (ii) payment in accordance with the changes would not violate 409A. (b) If the provisions of this Section 2.7 are not satisfied, then the Plan Administrator shall make payments in accordance with the previously effective Deferral Election Form or previously effective Modification Form, if any.

Modifications to Payment Date and Payment Form. (a) A Trustee may change the Payment Date or Payment Form for payment of the Trustee’s Compensation Deferrals by submitting a Modification Form to the Plan Administrator. Changes to Payment Date or Payment Form will be applied so long as: (i) With respect to such changes: (1) the Modification Form provides for a new Payment Date that is at least five years later than the original Payment Date (determined in accordance with 409A); (2) the Modification Form is submitted to the Plan Administrator at least twelve months prior to the original Payment Date; and (3) the Modification Form has been in place for at least twelve months before payment would have been due under the prior Deferral Election Form; and (ii) payment in accordance with the changes would not violate 409A. (b) If the provisions of this Section 2.7 are not satisfied, then the Plan Administrator shall make payments in accordance with the previously effective Deferral Election Form or previously effective Modification Form, if any.. 3 MAINTENANCE OF DEFERRAL ACCOUNTS; VALUATION

Modifications to Payment Date and Payment Form. (a) A Trustee may change the Payment Date or Payment Form for payment of the Trustee’s Compensation Deferrals by submitting a Modification Form to the Plan Administrator. Changes to Payment Date or Payment Form will be applied so long as: (i) With respect to such changes: (1) the Modification Form provides for a new Payment Date that is at least five years later than the original Payment Date (determined in accordance with 409A)Date; (2) the Modification Form is submitted to the Plan Administrator at least twelve months prior to the original Payment Date; and (3) the Modification Form has been in place for at least twelve months before payment would have been due under the prior Deferral Election Form; and (ii) payment in accordance with the changes would not violate 409A. (b) If the provisions of this Section 2.7 are not satisfied, then the Plan Administrator shall make payments in accordance with the previously effective Deferral Election Form or previously effective Modification Form, if any.. 3 MAINTENANCE OF DEFERRAL ACCOUNTS; VALUATION

Modifications to Payment Date and Payment Form. (a) A Trustee may change the Payment Date or Payment Form for payment of the Trustee’s 's Compensation Deferrals by submitting a Modification Form to the Plan Administrator. Changes to Payment Date or Payment Form will be applied so long as: (i) With respect to such Such changes: (1) the Modification Form provides for a new Payment Date that is at least five years later than the original Payment Date (determined in accordance with 409A)Date; (2) the Modification Form is submitted to the Plan Administrator at least twelve months prior to the original Payment Date; and (3) the Modification Form has been in place for at least twelve months before payment would have been due under the prior Deferral Election Form; and (ii) payment in accordance with the changes would not violate 409A. (b) If the provisions of this Section 2.7 are not satisfied, then the Plan Administrator shall make payments in accordance with the previously effective Deferral Election Form or previously effective Modification Form, if any.. 3 MAINTENANCE OF DEFERRAL ACCOUNTS; VALUATION

Modifications to Payment Date and Payment Form. (a) A Trustee may change the Payment Date or Payment Form for payment of the Trustee’s Compensation Deferrals by submitting a Modification Form to the Plan Administrator. Changes to Payment Date or Payment Form will be applied so long as: (i) With respect to such changes: (1) the Modification Form provides for a new Payment Date that is at least five years later than the original Payment Date (determined in accordance with 409A)Date; (2) the Modification Form is submitted to the Plan Administrator at least twelve months prior to the original Payment Date; and (3) the Modification Form has been in place for at least twelve months before payment would have been due under the prior Deferral Election Form; and (ii) payment in accordance with the changes would not violate 409A. (b) If the provisions of this Section 2.7 are not satisfied, then the Plan Administrator shall make payments in accordance with the previously effective Deferral Election Form or previously effective Modification Form, if any.