Payment Form. A Trustee may elect one of the following Payment Forms: (a) lump sum; or (b) quarterly payments over a period of five or ten years. If a Trustee fails to elect a Payment Form, the Trustee shall be deemed to have selected (a) above. For purposes of 409A, each installment under (b) above shall be considered a separate payment.
Appears in 14 contracts
Samples: Trustee Deferred Compensation Agreement (Invesco High Income 2024 Target Term Fund), Trustee Deferred Compensation Agreement (Invesco High Income 2023 Target Term Fund), Trustee Deferred Compensation Agreement (Aim Treasurers Series Trust (Invesco Treasurer's Series Trust))
