Initial Distribution Election definition

Initial Distribution Election means upon an Eligible Executive’s first election to defer Compensation under the Plan made pursuant to an irrevocable Deferral Form and in accordance with the time requirements set forth in Section 5.2, the Participant may elect the time or form of payment for the portion of his or her Account Balance attributable to Elective Contributions (and earnings thereon).
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Initial Distribution Election means an initial distribution election regarding the form of payment of a Particiapnt’s Restoration Benefit pursuant to Section 4.5(a).
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Initial Distribution Election means an election to set the time and form of payment of a Participant’s accrued benefit pursuant to Section 7.4.
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Examples of Initial Distribution Election in a sentence

  • The form of distribution—lump sum or installments—must be specified at the time the Election Form is completed if an Initial Distribution Election Form is not already on file.

  • If you have previously filed the Initial Distribution Election Form, that form will govern the time and form of payment of all amounts deferred pursuant to the Deferred Compensation Plan, including amounts deferred under this Agreement, subject to Note 5 below.

  • Section II of this Election Form is to be completed only if you have not previously filed the Initial Distribution Election Form.

  • If you have not previously filed the Initial Distribution Election Form, and you complete this Election Form, Section II of this Election Form will govern the time and form of payment of all amounts deferred under the Deferred Compensation Plan, including any future deferrals of salary, bonus, other allowable deferrals, and any amounts deferred under this Agreement, subject to Note 5 below.

  • If the Employee has not previously filed an Initial Distribution Election Form with the Company, the Employee shall receive distributions under this Agreement pursuant to the Election Form to which these Terms and Conditions are attached and the Deferred Compensation Plan.