Unmarried Participants Clause Samples
The 'Unmarried Participants' clause defines how the agreement applies to individuals who are not legally married. Typically, this clause clarifies the rights, benefits, or obligations of participants who are single, divorced, or widowed, and may specify eligibility for certain provisions or benefits that differ from those available to married participants. Its core function is to ensure that the agreement addresses the unique circumstances of unmarried individuals, thereby preventing ambiguity and ensuring fair and consistent treatment.
Unmarried Participants. If the Participant is unmarried on the Participant's Annuity Starting Date (or certifies that her or his spouse cannot be located) and does not make a Qualified Election within the Election Period, the Plan Administrator must direct the Trustee to purchase a nontransferable Annuity Contract providing payments over the Participant's life with the assets in the Participant's Account. If the Plan Administrator determines that the Participant made a Qualified Election within the Election Period (or dies prior to the Participant's Annuity Starting Date), the Plan Administrator must direct the Trustee to distribute the Participant's Account according to the Participant's election, as described in subsection (e) below.
Unmarried Participants. If a Participant has no Spouse as of the date of death, the death benefit attributable to the Money Purchase Account shall be payable as provided under Section 10.3.
Unmarried Participants. Except in the case of an exempt profit sharing or 401(k) plan (as defined in Section 9.5(d)) or as provided in Section 9.5(f), unless the participant elects otherwise, benefits to an unmarried participant will be paid in the form of an annuity providing periodic payments for the lifetime of the participant in the amount that can be purchased with the participant's vested interest in his accounts.
Unmarried Participants. Unless the Participant elects otherwise, benefits payable to an unmarried Participant of a Plan that is not an Annuity Exempt Plan will be paid in the form of an annuity providing periodic payments for the lifetime of the Participant in an amount that can be purchased with the Participant’s vested interest in his accounts.
Unmarried Participants. If a Participant or Former Participant does ---------------------- not have an Eligible Spouse at his Pension Commencement Date, he shall receive his pension as an annuity payable for life in accordance with the provisions of Article IV, unless he elects, during the Survivor Annuity Election Period, to receive all of his pension benefits under this Plan in a form other than a single life annuity, pursuant to one of the Options set forth in Section 5.3. A pension benefit under this Section 5.1 shall be payable to the Pensioner on the first day of each month, commencing with his Pension Commencement Date and continuing to, and including, the month in which his death occurs. During the Survivor Annuity Election Period, but not less than 30 days prior to his Pension Commencement Date, the Plan Administrator shall provide an unmarried Participant or Former Participant with written information similar to the information described in Section 5.1(d) that is provided to married Participants.