Optional Forms of Benefits. 115(a) A Participant who is entitled to receive a benefit under Section 2, 3, 4 or 5 of Article V may, in the alternative, elect by a notice in writing, filed during the one hundred eighty (180) day 113 AMENDED – Amendment LXXIV, December 11, 2008, retroactively effective January 1, 2008. 114 ADDED – Amendment IX, April 24, 1996, effective May 1, 1996. AMENDED –Amendment LXXIV, December 11, 2008, retroactively effective January 1, 2008. 115 AMENDED – Amendment VI, August 31, 1994, effective October 1, 1994. AMENDED – Amendment XXIX, February 23, 2000, effective August 1, 2000. Footnote continued on next page… 1993 Restated Trust Agreement (Inclusive of Amendments I through XCIII) period described in Article VI, Section 2, to receive in lieu of such benefit a Joint and 100% Survivor Pension, a Joint and 75% Survivor Pension, a Ten-Years-Certain and Life Benefit or a cash lump sum in accordance with the rules set forth below. Except as provided in subsection (d) or if the Participant is not required to retire concurrently under the Pension Plan, no election under this Plan is valid unless the same election is made under the Pension Plan, provided, however, that an election of a Joint and 100% Survivor Pension or Qualified Joint and 50% Survivor Annuity under this Plan shall be valid if the Participant elects the 100% Pop-Up Pension or 50% Pop-Up Pension, respectively, under the Pension Plan. The Joint and 75% Pension shall also be available with respect to Special Accounts under any Profit Sharing Plan Merger Agreement. 116(b) (1) The amount of the Joint and 100% Survivor Pension shall be the monthly amount provided by the annuity under Article VI, Section 1. The Joint and 100% Survivor Pension shall consist of equal payments to be made on the first day of each month starting with the Pensioner's Benefit Commencement Date and continuing thereafter through the payment made on the first day of the month in which the death of the survivor of the Pensioner and Joint Annuitant occurs.
Optional Forms of Benefits. The optional forms of benefits under this Plan is any form of benefit indicated in Sections 3.15, 5.5 and 5.10, and any other section indicating an optional benefit. Unless otherwise specified, any optional form of benefit under this Plan is intended to be at least the actuarial equivalent of the Participant's nonforfeitable accrued benefit payable at Normal Retirement Age or, if later, the Participant's Annuity Starting Date.
Optional Forms of Benefits. (a) In lieu of the 180-month installment form of payment, with the Committee’s approval in its sole discretion, the Executive may elect an Actuarial Equivalent to be paid in the form of a single lump sum payment, provided that (i) such election shall become irrevocable two years prior to the date on which the Executive retires or otherwise terminates employment and (ii) such election would not constitute an acceleration of benefits within the meaning of Section 409A(a)(3) of the Code or otherwise result in the imposition of any additional tax under Section 409A(a)(1)(B) of the Code.
Optional Forms of Benefits. (a) Notwithstanding Section 2.01 hereof, to the extent that the entitlement to an installment form of distribution provided under Section 2.01 is treated as an entitlement to a single payment for purposes of Section 409A of the Code, then in lieu of the 180-month installment form of payment, with the Committee’s approval in its sole discretion, the Executive may elect an Actuarial Equivalent to be paid in the form of a single lump sum payment; provided that such election satisfies the requirements of Section 409A(a)(4)(C) of the Code including, without limitation, that such election may not take effect until at least 12 months after the date on which the election is made, the lump sum may not be paid earlier than 5 years from the date the installment form of distribution would have commenced in the absence of the lump sum election, and that such election be made not less than 12 months before the first amount was scheduled to be paid.
Optional Forms of Benefits. (a) The following optional forms of benefits which have been selected by the Employer in the Adoption Agreement are available under this Plan:
Optional Forms of Benefits. 41. The benefit options under the Plan include the following (check all options which apply):
Optional Forms of Benefits. Actuarial assumptions for purposes of determining the Present Value of optional forms of benefit shall be as follows: Mortality Pre-retirement: None Set Back: None Interest: 7 Mortality Post-retirement: 1971 Individual Annuity Mortality Table for Males Set Back: 3 Years Interest: 6
Optional Forms of Benefits. Half (50%) joint and survivor annuity Full (100%) joint and survivor annuity
Optional Forms of Benefits. In lieu of the 180-month installment form of payment, with the Committee’s approval in its sole discretion, the Executive may elect an Actuarial Equivalent to be paid in the form of a single lump sum payment, provided that such election shall become irrevocable two years prior to the date on which the Executive retires or otherwise terminates employment. The Committee, in its sole discretion, may elect to pay such Actuarial Equivalent in substantially equal monthly payments over a period not to exceed 60 months.
Optional Forms of Benefits. Joint annuities above fifty percent (50%); level income, lump sum.
