Normal Form of Benefit. The benefits determined in this Section are payable at Normal Retirement Date as a:
Normal Form of Benefit. If a member does not have a spouse at his or her retirement date, the member's monthly benefit will be payable for life, with the guarantee that if the member dies before 60 monthly payments are made, the remaining payments will be made to the member's beneficiary. If a member has a spouse at his or her retirement date, the Plan provides that upon the member's death, 60% of the monthly pension will continue to be paid to the spouse as long as the spouse is alive. The initial monthly pension will automatically be reduced 10% to provide this benefit unless prior to retirement the member and the member's spouse choose to opt out by submitting a Spouse Pension Waiver which requires the witnessed signature of the member's spouse. Should the member's spouse pre-decease the member, the monthly payments, beginning with the first one due after the spouse's death, will not be reduced by the 10% set out above.
Normal Form of Benefit. Except as otherwise provided in the applicable Supplement, a Participant’s benefit shall be paid in the form of a 100% Joint and Survivor’s Annuity, with the Participant’s spouse as joint annuitant if the Participant is married on the Annuity Starting Date, and in the form of an Individual Life Annuity if the Participant is not married on the Annuity Starting Date, unless the Participant elects not to receive payments pursuant to this Section 6.1 and to receive payments in one of the optional forms permitted under Section 6.2. An election not to receive the normal form of benefit and to receive payment in an optional form shall satisfy the applicable requirements of Section 6.3.
Normal Form of Benefit. A Participant’s benefit shall be paid in the form of a 50% Joint and Survivor’s Annuity, with the Participant’s spouse as joint annuitant if the Participant is married on the Annuity Starting Date, and in the form of an Individual Life Annuity if the Participant is not married on the Annuity Starting Date, unless the Participant elects, in accordance with Section 6.3, not to receive payment in the normal form and to receive payment in one of the permitted optional forms.
Normal Form of Benefit. The normal form of benefit shall be a 50% Joint and Survivor’s Annuity with the Participant’s spouse as joint annuitant if he is married on the Annuity Starting Date, and an Individual Life Annuity if he is not married on the Annuity Starting Date.
Normal Form of Benefit. The normal form of benefit is payable annually for 20 years during the lifetime of the Member, whom failing the Spouse of the Member. In the event neither the Member or Spouse survives the 20 year period, the commuted value of the remaining payments shall be payable to the Beneficiary of the Member.
Normal Form of Benefit. Single Life Annuity for the life of the Member Single Life Annuity with 50% Spouse/Minor Children Survivor Payable for the life of the Member, and one-half the monthly amount payable for the life of the Spouse or Minor Children as applicable following the death of the Member. Single Life Annuity with 100% Spouse/Minor Children Survivor Payable for the life of the Member, and the same monthly amount payable for the life of the Spouse or Minor Children as applicable following the death of the Member. (All Normal Form payments shall be adjusted as appropriate to comply with Code Section 415(b)) X X X X X --
Normal Form of Benefit. Payable during lifetimeof employee. Vesting: A member is vested after (2) years of credited service. A member whose employment with the Company is terminated for any reason other than death, disability or retirement upon completion of
Normal Form of Benefit. (a) Except in the case of a current disability benefit payable pursuant to Section 4.4, benefits under the Plan shall be paid in the normal form of benefit described in Subsection (b) or (c) , as the case may be, unless the Participant elects an optional form of benefit under Section 7.3. No spousal consent shall be required for payment of benefits in the normal form. A current disability benefit payable pursuant to Section 4.4 shall only be paid in the form of a single life annuity.
Normal Form of Benefit. The normal form of benefit shall be a single sum.
