Common use of Qualified Preretirement Survivor Annuity Clause in Contracts

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the annuity starting date then the Participant's Vested account balance shall be applied toward the purchase of an annuity for the life of the surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period after the Participant's death.

Appears in 3 contracts

Samples: Antigenics Inc /De/, Nabi /De/, Bradford Funds Inc

AutoNDA by SimpleDocs

Qualified Preretirement Survivor Annuity. Unless If Employee is married and dies before the annuity starting date and has not selected an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the annuity starting date then the ParticipantEmployee's Vested account balance full benefit under this Trust shall be applied toward the purchase of an annuity for the life of the Employee's surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period after the ParticipantEmployee's death.

Appears in 2 contracts

Samples: Trust Agreement (Carmike Cinemas Inc), Trust Agreement (Carmike Cinemas Inc)

Qualified Preretirement Survivor Annuity. Unless If Employee dies before the annuity starting date and has not selected an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before then Employee's full benefit under the annuity starting date then the Participant's Vested account balance Trust shall be applied toward the purchase of an annuity for the life of the surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period after the ParticipantEmployee's death.

Appears in 2 contracts

Samples: Deferred Compensation Agreement (Carmike Cinemas Inc), Deferred Compensation Agreement (Carmike Cinemas Inc)

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the his annuity starting date date, then the Participant's Vested vested account balance shall be applied toward the purchase of an annuity for the life of the surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period immediately after the Participant's death.

Appears in 1 contract

Samples: WHX Corp

Qualified Preretirement Survivor Annuity. (a) Unless an optional form of benefit has been selected within the election period pursuant to a qualified election, consent as defined in 9.5(c) if a Participant participant dies before the annuity starting date then the Participantparticipant's Vested vested account balance shall be applied toward the purchase of an annuity for the life of the surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period after the Participantparticipant's death.

Appears in 1 contract

Samples: Interpool Inc

Qualified Preretirement Survivor Annuity. (a) Unless an optional form of benefit has been selected within the election period Election Period pursuant to a qualified electionQualified Election, if a Participant dies before the annuity starting date Annuity Starting Date then the Participant's Vested account balance Account Balance shall be applied toward the purchase of an annuity for the life of the surviving spouseSpouse. The surviving spouse Spouse may elect to have such annuity distributed within a reasonable 38 period after the Participant's death.

Appears in 1 contract

Samples: Trimedyne Inc

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period Election Period pursuant to a qualified electionQualified Election, if a Participant dies before the annuity starting date Annuity Starting Date then the Participant's ’s Vested account balance Account Balance shall be applied toward the purchase of an annuity for the life of the surviving spouseSpouse. The surviving spouse Spouse may elect to have such annuity distributed within a reasonable period after the Participant's ’s death.

Appears in 1 contract

Samples: Adoption Agreement (Kimball Electronics, Inc.)

Qualified Preretirement Survivor Annuity. Unless If Employee is married and dies before the annuity starting date and has not selected an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the annuity starting date then the Participant's Vested account balance Employee’s full benefit under this Trust shall be applied toward the purchase of an annuity for the life of the Employee’s surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period after the Participant's Employee’s death.

Appears in 1 contract

Samples: Trust Agreement (Carmike Cinemas Inc)

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period Election Period pursuant to a qualified electionQualified Election, if a Participant dies before the annuity starting date Annuity Starting Date then the Participant's Vested account balance Account Balance shall be applied toward the purchase of an annuity for the life of the surviving spouseSurviving Spouse. The surviving spouse Surviving Spouse may elect to have such annuity distributed within a reasonable period after the Participant's death.

Appears in 1 contract

Samples: PCB Holding Co

AutoNDA by SimpleDocs

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period Election Period pursuant to a qualified electionQualified Election, if a Participant dies before the annuity starting date his Annuity Starting Date, then the Participant's Vested account vested Account balance shall be applied toward the purchase of an annuity for the life of the surviving spouseSpouse. The surviving spouse Spouse may elect to have such annuity distributed within a reasonable period immediately after the Participant's death.

Appears in 1 contract

Samples: Garmin LTD

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the annuity starting date benefits have commenced, then the Participant's Vested account vested Account balance shall be applied toward the purchase of an annuity for the life of the surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period after the Participant's death.

Appears in 1 contract

Samples: Agreement (First Bancorp /Pr/)

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the annuity starting date date, then the Participant's Vested account vested Account balance shall be applied toward the purchase of an annuity for the life of the surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period after the Participant's death.

Appears in 1 contract

Samples: First Bancorp /Pr/

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period pursuant to a qualified electionQualified Election, if a Participant dies before the annuity starting date Annuity Starting Date then the Participant's Vested account balance Account Balance to the extent subject to this Article shall be applied toward the purchase of an annuity for the life of the surviving spouseSurviving Spouse, if any. The surviving spouse may elect to have such annuity distributed within a reasonable period after the Participant's death.

Appears in 1 contract

Samples: Greater Bay Bancorp

Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the annuity starting date then the Participant's Vested vested account balance shall be applied toward the purchase of an annuity for the life of the surviving spouse. The surviving spouse may elect to have such annuity distributed within a reasonable period after the Participant's death. The surviving spouse shall have the right to revoke the annuity payment option if another form of benefit is elected by such surviving spouse.

Appears in 1 contract

Samples: www.theentrustgroup.com

Time is Money Join Law Insider Premium to draft better contracts faster.