Common use of SURVIVING SPOUSE ELECTIONS Clause in Contracts

SURVIVING SPOUSE ELECTIONS. If the Participant's Vested Account Balance which the Trustee would apply to purchase the QPSA exceeds $5,000, the Participant's surviving spouse may elect to have the Trustee commence payment of the QPSA at any time following the date of the Participant's death, but not later than the mandatory distribution periods described in Section 6.02, and may elect any of the forms of payment described in Section 6.03, in lieu of the QPSA. In the absence of an election by the surviving spouse, the Plan Administrator must direct the Trustee to distribute the QPSA on the earliest administratively practicable date following the close of the Plan Year in which the latest of the following events occurs: (1) the Participant's death; (2) the date the Plan Administrator receives notification of or otherwise confirms the Participant's death; (3) the date the Participant would have attained Normal Retirement Age; or (4) the date the Participant would have attained age 62.

SURVIVING SPOUSE ELECTIONS. If the Participant's Vested Account Balance which the Trustee would apply to purchase the QPSA exceeds $5,000, the Participant's surviving spouse may elect to have the Trustee commence payment of the QPSA at any time following the date of the Participant's death, but not later than the mandatory distribution periods described in Section 6.026.02 requires, and may elect any of the forms methods of payment described in Section 6.03, in lieu of the QPSA. In the absence of an election by the surviving spouse, the Plan Administrator must direct the Trustee to distribute the QPSA on the earliest administratively practicable date following the close of the Plan Year in which the latest of the following events occurs: (1a) the Participant's death; (2b) the date the Plan Administrator receives notification of or otherwise confirms the Participant's death; (3c) the date the Participant would have attained Normal Retirement Age; or (4d) the date the Participant would have attained age 62.

SURVIVING SPOUSE ELECTIONS. If the Participant's ’s Vested Account Balance which the Trustee would apply to purchase the QPSA exceeds $5,000, the Participant's ’s surviving spouse may elect to have the Trustee commence payment of the QPSA at any time following the date of the Participant's ’s death, but not later than the mandatory distribution periods described in Section 6.026.02 requires, and may elect any of the forms methods of payment described in Section 6.03, in lieu of the QPSA. In the absence of an election by the surviving spouse, the Plan Administrator must direct the Trustee to distribute the QPSA on the earliest administratively practicable date following the close of the Plan Year in which the latest of the following events occurs: (1a) the Participant's ’s death; (2b) the date the Plan Administrator receives notification of or otherwise confirms the Participant's ’s death; (3c) the date the Participant would have attained Normal Retirement Age; or (4d) the date the Participant would have attained age 62.

SURVIVING SPOUSE ELECTIONS. If the Participant's ’s Vested Account Balance which the Trustee would apply to purchase the QPSA exceeds $5,000, the Participant's ’s surviving spouse may elect to have the Trustee commence payment of the QPSA at any time following the date of the Participant's ’s death, but not later than the mandatory distribution periods described in Section 6.02, and may elect any of the forms of payment described in Section 6.03, in lieu of the QPSA. In the absence of an election by the surviving spouse, the Plan Administrator must direct the Trustee to distribute the QPSA on the earliest administratively practicable date following the close of the Plan Year in which the latest of the following events occurs: (1) the Participant's ’s death; (2) the date the Plan Administrator receives notification of or otherwise confirms the Participant's ’s death; (3) the date the Participant would have attained Normal Retirement Age; or (4) the date the Participant would have attained age 62.