Benefit Distribution Election definition

Benefit Distribution Election means the election, whereby a Participant may elect an optional form of distribution pursuant to Section 6.4.2 or a planned Distribution Date pursuant to Section 6.3. Such election shall be made in such manner as may be prescribed by the Committee from time to time.
Sample 1Sample 2
Benefit Distribution Election means the form of election, as prescribed by the Plan Administrator and as may be modified from time to time, upon which a Participant shall designate his/her Distribution Date.
Sample 1Sample 2
Benefit Distribution Election means the election by a Participant of a Benefit distribution option pursuant to the applicable provisions of this Plan.
Sample 1

Examples of Benefit Distribution Election in a sentence

  • If the Director does not file such new Benefit Distribution Election Form, then the Director shall be deemed to have elected to receive a lump sum distribution of any such amounts upon the Director’s separation from service.

  • Distributions shall be paid in a lump sum payment or in annual installments over a period of up to 10 years, as the participant shall direct in his or her Benefit Distribution Election Form.

  • If a Director does not submit a Benefit Distribution Election Form during this period, then such Director shall be deemed to have elected to receive the portion of his or her Account attributable to fees earned for service on such Board in the form of installments payments over a period of ten years upon the Director’s separation from service.

  • During the Special Election Period, a Participant may elect on the Non-Grandfathered Retirement Fund Benefit Distribution Election Form to receive payment of his or her Non-Grandfathered Retirement Fund Benefit in any of the optional forms of payment.

  • Distributions shall be paid in a lump sum payment or in annual installments over a period of up to 10 years, as the Participant shall direct in his or her Benefit Distribution Election Form.

  • Non-Pension Benefit Distribution Election upon Change in Control.

  • Any Non-Grandfathered Benefit Distribution Election Form submitted to the Committee after such period will be considered a change to the Participant’s prior election, subject to the timing rules outlined in 3.03(b)(iii)(C), below.

  • In the event a Director who has elected a distribution event based on his or her 65th or 72nd birthday continues to serve as a Director after the date such distributions commence, then in the year prior to the year in which such distributions commence such Director shall file a new Benefit Distribution Election Form governing any amounts credited to his or her Deferral Account after the date such distributions commence.

  • Any Non-Grandfathered Thrift Benefit Distribution Election Form submitted to the Committee after December 31, 2008 will be considered a change to the Participant’s prior election, subject to the timing rules outlined in 4.07(b)(iii), below.

  • Any Non-Grandfathered Benefit Distribution Election Form submitted to the Committee after December 31, 2008 will be considered a change to the Participant’s prior election, and will be subject to the timing rules outlined in 3.03(b)(iii)(C), below.


More Definitions of Benefit Distribution Election

Benefit Distribution Election means the election by a Participant of a Benefit distribution option pursuant to Section 4.7 below.
Sample 1

Related to Benefit Distribution Election

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Election Date has the meaning specified in Section 3.12(h).

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Payment Election means an election pursuant to Section 5.1.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Scheduled Distribution means, with respect to any Collateral Loan, for each Due Date, the scheduled payment of principal and/or interest and/or fees due on such Due Date with respect to such Collateral Loan.