Payments to Children. In accordance with regulations issued by the Secretary of the Treasury, any amount paid to a child shall be treated as if it had been paid to the surviving spouse if such amount shall become payable to the surviving spouse upon such child reaching majority (or other designated event permitted under such regulations).
Payments to Children. Pursuant to Treasury regulations, a benefit which is paid to a child shall be treated as if it had been paid to the surviving spouse if the benefits will become payable to the spouse when the child reaches majority or such other time as described under Treasury regulations, including as described in section 5.6(f) of this Plan.
Payments to Children. For purposes of Article IV and paragraph (b) hereof, any amount paid to the Participant's child (or children) will be treated as if it had been paid to the Participant's surviving spouse if the amount becomes payable to the Participant's surviving spouse when the child (or children) reaches the age of majority. If a distribution upon the death of the Participant is payable to a person known by the Custodian to be a minor or otherwise under a legal disability, the Custodian may, in its absolute discretion, make all, or any part of the distribution to: (i) a parent of such Beneficiary, (ii) the guardian, conservator, or other legal representative, wherever appointed, of such Beneficiary, (iii) a custodial account established under a Uniform Gifts to Minors Act, Uniform Transfers to Minors Act, or similar act, (iv) any person having control or custody of such Beneficiary, or (v) such Beneficiary directly.
Payments to Children. Any payment to the children of the Executive under this Agreement shall be made equally among the then surviving children of the Executive provided at least one of Executive’s surviving children is under the age of thirty (30) years. Any payments to children of the Executive shall terminate when there are no surviving children of the Executive under thirty (30) years of age. ARTICLE NINE
