Optional Forms of Distribution. If the Participant’s request for a distribution from the Account is approved or authorized, the Participant may elect to have the distribution from the Account made in one or a combination of the following forms, subject to the requirements of Articles 5.3 and 5.4 of this Appendix:
Optional Forms of Distribution. If elected by the Sponsoring Employer in the Adoption Agreement, then a Participant may waive the Normal Form of Distribution and elect to have his or her benefit distributed in an Optional Form of Distribution. The permitted Optional Forms of Distribution are (1) a lump sum payment; (2) Substantially Equal monthly, quarterly, semi-annual or annual cash installment payments over a period certain which does not extend beyond the life of the Participant, the joint lives of the Participant and a designated Beneficiary, or a period certain not extending beyond the life expectancy of the Participant and a designated Beneficiary. If an Optional Form of Distribution is Substantially Equal installment payments, then the lump sum value of the Participant’s benefit either may be segregated and separately invested and the Substantially Equal installments will be paid from the Plan; may remain invested in the Trust’s assets and the Substantially Equal installments will be paid from the Plan; or may be used to purchase a nontransferable immediate or deferred annuity that is selected by the Employer and that complies with the terms of the Plan from an insurance company to provide for such Substantially Equal installments; (3) a non-transferable annuity which can be purchased from an insurance company and complies with the terms of the Plan; and/or (4) in designated sums from time to time as elected by the Participant. All Optional Forms of Distribution that are elected by the Sponsoring Employer in the Adoption Agreement are available on a non-discriminatory basis and are not subject to the Administrator’s discretion.
Optional Forms of Distribution. All distributions required under this subsection shall be determined and made in accordance with the Income Tax Regulations under Code Section 401(a)(9), including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of such Regulations.
Optional Forms of Distribution. Provided that the Employer has so elected in the Plan Agreement, if at the time a Participant first becomes entitled to a distribution the value of his vested Account balance derived from Employer and Employee contributions does not exceed $3,500, distribution shall be made in a lump sum in cash. Subject to the preceding sentence and to the rules of Article 10 concerning joint and survivor annuities, a Participant or Beneficiary may elect to receive benefits in any of the following optional forms:
Optional Forms of Distribution. Effective as of January 1, 2008, the optional forms of retirement benefit include a single life annuity with a certain period of ten years with survivorship percentages of 60, 75, and 100 percent. The single life annuity with modified cash refund of the Participant’s Required Contribution Account is hereby deleted for participants who retire after September 1, 2008. The benefit payable on any optional annuity form available (other than the Normal Form) shall be the Actuarial Equivalent of the Normal Form. Election of an optional form is subject to the qualified election provisions of Article VI. Any form of distribution for a retirement benefit must meet the following limitations:
Optional Forms of Distribution. The Participant may select an optional form of distribution that will be actuarially adjusted from the Normal Form of Distribution. [X] Straight Life Annuity Payable for the Participant’s life only. [X] 10 Years Certain and Life Payable for the life of the Participant, guaranteed for at least ten (10) years. [X] Full Contingent (100% Joint and Survivor) Payable for the life of the Participant, and the same monthly amount payable for the life of the Beneficiary following the death of the Participant. [X] Three-quarters Contingent (75% Joint and Survivor) Payable for the life of the Participant and three-quarters the monthly amount payable for the life of the Beneficiary following the death of the Participant. [X] Two-thirds Contingent (66 2/3% Joint and Survivor) Payable for the life of the Participant, and two-thirds the monthly amount payable for the life of the Beneficiary following the death of the Participant. [X] One-half Contingent (50% Joint and Survivor) Payable for the life of the Participant, and one-half the monthly amount payable for the life of the Beneficiary following the death of the Participant. [X] Pop Up Contingent If the Participant selects either a Full Contingent, Three-quarters Contingent, Two-thirds Contingent or One-half Contingent option form of distribution as provided in this Section above, and the Beneficiary predeceases the Participant, the Participant’s monthly benefit will be increased to his Accrued Benefit under the Normal Form of Distribution (including any adjustments after his Benefit Commencement Date) for the remainder of his lifetime. [X] Lump Sum Distribution Payable in a lump sum if, at the time of the distribution, the Participant’s Nonforfeitable Accrued Benefit is less than or equal to ten thousand ($10,000) dollars
Optional Forms of Distribution. On and after the date on which an Employer elects to treat the Plan and the Quanex Corporation Salaried Employees' Pension Plan as one plan for purposes of section 410(b) of the Code, all of the optional forms of payment available under the Quanex Corporation Salaried Employees' Pension Plan (as discussed more fully in Appendix E hereto) will be available under the Plan.
Optional Forms of Distribution. On and after the date on which the Sponsor elects to treat the Plan and the Quanex Corporation Salaried Employees’ Pension Plan as one plan for purposes of section 410(b) of the Code, all of the optional forms of payment available under the Quanex Corporation Salaried Employees’ Pension Plan (as discussed more fully in Appendix E hereto) will be available under the Plan.
Optional Forms of Distribution. The Advisory Committee ------------------------------ shall direct the Trustee to pay the Participant's Nonforfeitable Accrued Benefit under one of the optional forms of distribution permitted under this Section, subject to the requirements, of Section 10.02. The optional forms of distribution are:
Optional Forms of Distribution. Subject to the provisions of Sections 6.03 and 6.05, a Member may elect another pension which is the Actuarial Equivalent of his Accrued Benefit, limited however, to one of the following options:
