Common use of Normal Distribution Clause in Contracts

Normal Distribution. (a) A Participant’s Account may be paid in any of the following payment forms (check all that apply): X Option 1 One lump-sum payment; □ Option 2: Equal monthly, quarterly, semi-annual or annual payments in an amount chosen by the Participant, continuing until his or her Account is exhausted; X Option 3 Approximately equal monthly, quarterly, semi-annual or annual payments, calculated to continue for a period certain chosen by the Participant. X Option 4: Annual Payments equal to the minimum distributions required under Code section 401(a)(9), including the incidental death benefit requirements of Code section 401(a)(9)(G), over the life expectancy of the Participant or over the life expectancies of the Participant and his or her Beneficiary.