Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows: (1) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.
Appears in 8 contracts
Samples: Defined Contribution Plan Document (Janus Investment Fund), Qualified Retirement Plan (Teardrop Golf Co), Basic Plan Document (Peabody Energy Corp)
Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse), the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid to him as follows:
(1) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.
Appears in 2 contracts
Samples: Tax Sheltered Custodial Account Agreement (New England Funds Trust I), Qualified Retirement Plan and Trust (Bradford Funds Inc)
