Common use of Pre-Retirement Death Benefits Clause in Contracts

Pre-Retirement Death Benefits. (a) If a Participant dies before he or she has begun receiving benefits from the Plan, the Participant’s Beneficiary may elect to have the Participant’s Account paid in one of the following payment forms (check all that apply): X Option 1: One lump-sum payment; □ Option 2: Equal monthly, quarterly, semi-annual or annual payments in an amount chosen by the Beneficiary, continuing until his or her Account is exhausted;

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

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Pre-Retirement Death Benefits. (a) If a Participant dies before he or she has begun receiving benefits from the Plan, the Participant’s Beneficiary may elect to have the Participant’s Account paid in one of the following payment forms (check all that apply): X Option 1: 1 One lump-sum payment; □ Option 2: Equal monthly, quarterly, semi-annual or annual payments in an amount chosen by the Beneficiary, continuing until his or her Account is exhausted;

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

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Pre-Retirement Death Benefits. (a) If a Participant dies before he or she has begun receiving benefits from the Plan, the Participant’s Beneficiary may elect to have the Participant’s Account paid in one of the following payment forms (check all that apply): ): X Option 1: One lump-sum payment; □ Option 2: Equal monthly, quarterly, semi-annual or annual payments in an amount chosen by the Beneficiary, continuing until his or her Account is exhausted;

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

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