Common use of Payment Elections Clause in Contracts

Payment Elections. Notwithstanding the provisions of Sections 7.1 or 7.5 of the Plan, a Participant may elect on or before December 31, 2008, the time or form of payment of amounts subject to Section 409A of the Code provided that such election applies only to amounts that would not otherwise be payable in the year of the election and does not cause an amount to paid in the year of the election that would not otherwise be payable in such year.

Payment Elections. Notwithstanding Not withstanding any of the foregoing provisions of Sections 7.1 or 7.5 of the PlanPlan to the contrary, a Participant may elect elect, on or before December 31, 20082007, the time or form of payment of amounts subject to Section 409A of the Code provided that such election applies only to amounts that would not otherwise be payable in the year of the election and the election does not cause an amount to be paid in the year of the election that would not otherwise be payable in such year.

Payment Elections. Notwithstanding the provisions of Sections 7.1 or 7.5 of the Plan, a Participant may elect on or before December 31, 20082007, the time or form of payment of amounts subject to Section 409A of the Code provided that such election applies only to amounts that would not otherwise be payable in the year of the election and does not cause an amount to paid in the year of the election that would not otherwise be payable in such year.

Payment Elections. Notwithstanding the provisions of Sections 7.1 6.6 or 7.5 6.7 of the Plan, a Participant may elect on or before December 31, 20082007, the time or form of payment of amounts subject to Section 409A of the Code provided that such election applies only to amounts that would not otherwise be payable in the year of the election and does not cause an amount to paid in the year of the election that would not otherwise be payable in such year.