Participant Directed Election. The normal form of payment of benefits under the Plan is a lump sum. The Participant can name any person(s) as the Beneficiary of the Plan, with no spousal consent required.
Appears in 5 contracts
Samples: Governmental Money Purchase Plan Adoption Agreement, Money Purchase Plan Adoption Agreement, Governmental Money Purchase Plan & Trust Adoption Agreement
Participant Directed Election. The normal form of payment of benefits under the Plan is a lump sum. The Participant can name any person(s) as the Beneficiary of the Plan, with no spousal consent required. [X] 2. Beneficiary Spousal Consent Election (Article XII of the Plan will apply if option 2 is selected).
Appears in 3 contracts
Samples: Governmental Money Purchase Plan Adoption Agreement, Governmental Money Purchase Plan Adoption Agreement, Governmental Money Purchase Plan Adoption Agreement
