Common use of Withdrawals and Forms of Payment Clause in Contracts

Withdrawals and Forms of Payment. An Alternate Payee will receive payment of the amount specified in the QDRO as soon as administratively possible, regardless of whether the Participant is an Employee, unless the QDRO specifically provides that payment be delayed, including at the election of the Alternate Payee. Payment may be made in the same forms as are available to the Participant with respect to whom the QDRO has been obtained, to the extent provided in the QDRO.

Appears in 4 contracts

Samples: Salaried 401(k) Plan (Pepsiamericas Inc/Il/), 401(k) Plan (Pepsiamericas Inc/Il/), 401(k) Plan (Pepsiamericas Inc/Il/)

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