Common use of Phase Out Option Clause in Contracts

Phase Out Option. a. Upon retirement, eligible teachers may choose to relinquish the portion of the vested amount in their Employer Paid Account equal to the amount that would have been in their account had they invested in the USD 290 Default Investment Track and thereby participate in the Phase Out Option described below.

Phase Out Option. a. 1. Upon retirement, eligible teachers may choose to relinquish the portion of the vested amount in their Employer Paid Account equal to the amount that would have been in their account had they invested in the USD 290 Default Investment Track and thereby participate in the Phase Out Option described below.

Phase Out Option. a. 1. Upon retirement, eligible teachers may choose to relinquish the portion of the vested amount in their Employer Paid Account equal to the amount that would have been in their account had they invested in the USD 290 Default Moderate Investment Track track and thereby participate in the Phase Out Option described below.