Form of Payment Designation definition

Form of Payment Designation means the form prescribed by the Committee and completed by the Participant, indicating the chosen form of payment for benefits payable under this Plan, as elected by the Participant.
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Examples of Form of Payment Designation in a sentence

  • Such Deferral Commitment and Form of Payment Designation shall remain in effect with respect to each succeeding Deferral Period, until such time as another Deferral Commitment is filed with the Committee as described in Section 3.2(b) below.

  • A Director’s participation in the Plan shall be effective upon election to the Board of Directors of the Company and completion and submission of a Deferral Commitment and a Form of Payment Designation to the Committee by the thirtieth (30th) day of the second (2nd) month immediately preceding the beginning of the Deferral Period.

  • Retirement, termination and death benefits shall be paid in the form of benefit as provided below, specified by the Participant in the Form of Payment Designation unless the benefit is based on a Small Account as defined in Subsection (c) below.

  • An employee’s participation in the Plan shall be effective upon notification to the employee by the Committee of eligibility to participate, completion of a Participation Agreement and a Form of Payment Designation, and acceptance of each by the Committee.

  • Except as provided below, benefits due to a Participant as a result of Retirement, Disability, termination or death shall be paid in the form elected by the Participant prior to the beginning of the Deferral Period in the Form of Payment Designation.

  • The Supplemental Retirement Benefit under Sections 5.1, 5.2, 5.3 and 5.4 shall be paid in the basic form provided below unless the Participant elects an alternative form in the Form of Payment Designation.

  • The survivor benefit shall be paid to the Beneficiary in the basic form provided below unless the Participant elects an alternative form in the Form of Payment Designation.

  • An employee's participation in the Plan shall be effective upon notification to the employee by the Committee of eligibility to participate, and completion and submission of a Deferral Commitment and a Form of Payment Designation to the Committee by the thirtieth day of the second month immediately preceding the beginning of the Deferral Period.

  • Unless otherwise specified in this Plan, the benefits payable from any Account under this Plan shall be paid in the form of benefit as provided, and specified by the Participant in the Form of Payment Designation.

  • Benefits attributable to a Participant’s Account shall be paid at the time or times specified by the Participant in the Form of Payment Designation, unless the benefit is based on a “small account” as defined in Subsection (c) below.

Related to Form of Payment Designation

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • Account Designation Letter means a letter from the Borrower to the Administrative Agent, duly completed and signed by an Authorized Officer of the Borrower and in form and substance reasonably satisfactory to the Administrative Agent, listing any one or more accounts to which the Borrower may from time to time request the Administrative Agent to forward the proceeds of any Loans made hereunder.

  • Type designation means a combination of letters and numerals assigned by the Government to a major end item, assembly or subassembly, as appropriate, to provide a convenient means of differentiating between items having the same basic name and to indicate modifications and changes thereto.

  • Form of Notice of Conversion means the “Form of Notice of Conversion” attached as Attachment 1 to the Form of Note attached hereto as Exhibit A.

  • Schedule of Benefits means the section of this policy which shows, among other things, the Eligibility Requirements, Eligibility Waiting Period, Elimination Period, Amount of Insurance, Minimum Benefit, and Maximum Benefit Period.

  • Redemption Form means a standardized form prescribed by the Management Company to be duly filled by the investor to redeem Units and will be stated in this Offering Document.

  • Form of Agreement means the form of agreement contained in Part D of the RFP;

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Certificate form means the form on which the certificate is delivered or issued for delivery by the issuer.

  • Designation Agreement means a designation agreement in substantially the form of Exhibit G attached hereto, entered into by a Bank and a Designated Lender and accepted by the Administrative Agent.

  • Payment Election means an election pursuant to Section 5.1.

  • Form of Tender means the form of tender in Part C – Form of Tender to this ITT on which Tenderers are to complete their Tenders;

  • Payment Schedule ’ means a schedule which sets out—