Optional Form of Payment. LDWD may, at the time for each payment and at its sole option, elect to receive all or a portion of said fees in the form of securities, equity, or financing instruments issued by Contractor to LDWD on terms agreed by Contractor in writing.
Optional Form of Payment. TCC may, at the time for each payment and its' sole option, elect to receive all or a portion of said fees in the form of securities equity, or financing instruments issued by Client or Client's Clients to TCC on terms agreed upon by Client in writing.
Optional Form of Payment. In lieu of the Normal Form provided by the foregoing provisions of this Paragraph 2, with the consent of the Bank, the Director may elect in advance an optional form of payment which is the Actuarial Equivalent of the Normal Form to which the Director is entitled, which optional form of payment may be a lump sum or a life annuity with 120 monthly benefits guaranteed. Such election shall be made within 30 days of the date of this Agreement.
Optional Form of Payment. Notwithstanding the foregoing, if you elect a form of payment under the ATK Pension Plan other than the Normal Form (that is, other than a fixed life annuity beginning on the first day of the calendar month following your termination of employment without Cause), the SERP payments will also be paid in such form, with the amount of payments being the actuarial equivalent of the Normal Form calculated by using the actuarial assumptions then specified in the ATK Pension Plan, except:
(1) the discount (or interest) rate will be the greater of (i) the rate specified in the ATK SERP, or (ii) 6%; and
(2) any reduction for early commencement will be determined under Section 4(b)(ii)(E) above.
Optional Form of Payment. If permitted by the Employer, the Participant may select an optional form of payment for each Qualifying Distribution Event. The benefit payable under an optional form shall be the Actuarial Equivalent of the Normal Form of the Vested Accrued Benefit.
(a) Separation from Service on or after the Early Retirement Date (or Separation from Service on or after the Normal Retirement Date if early retirement is not permitted)
(i) The Employer does not permit optional forms. Benefits are distributed according to the Normal Form.
Optional Form of Payment. The only optional form of payment is in installments over a period certain. The period may not extend beyond the life expectancy of the Participant or the joint life expectancy of the Participant and his beneficiary.
Optional Form of Payment. A Participant or his Beneficiary, as the case may be, may elect to receive distribution of his Merger Benefit through the purchase of a single premium, nontransferable annuity contract for such term and in such form as the Participant, or his Beneficiary, if the Participant has died, shall select, subject to the provisions of Section A.5; provided, however, that a Participant’s Beneficiary may not elect to receive distribution of an annuity payable over the joint lives of the Beneficiary and any other individual. The terms of any annuity contract purchased hereunder and distributed to a Participant or his Beneficiary shall comply with the requirements of the Plan.
Optional Form of Payment. FORTRESS may, at the time for each payment and at its sole option, elect to receive all or a portion of said fees in the form of securities, equity, or financing instruments issued by Contractor to FORTRESS on terms agreed by Contractor in writing.
Optional Form of Payment. A Participant may elect, not later than 6 months before his termination of employment with the Company and all Affiliates, to have his Annual Retirement Benefit paid in the form of a Joint and 50% Survivor Annuity, which shall be the Actuarial Equivalent of the Participant's Annual Retirement Benefit payable in the form of a Single Life Annuity. Notwithstanding any such election, if a Participant who has elected a Joint and 50% Survivor Annuity is not married on the date of his termination of employment, his benefit shall be paid in the form of a Single Life Annuity.
Optional Form of Payment. CAPSTONE may at its sole election, on the due date of any payment due in accordance with this Agreement, elect to receive all or a portion of its fees in the form of restricted securities, equity, or financing instruments issued by Company to CAPSTONE on terms agreed by the Company in writing.
