Installment Method definition

Installment Method means monthly installment payments over a number of years selected by the Participant in accordance with this Plan. Each installment payment shall be calculated by multiplying the Account Balance of the Participant by a fraction, the numerator of which is one and the denominator of which is the remaining number of payments due the Participant. For purposes of this calculation, the Account Balance of the Participant (or the appropriate portion thereof) shall be calculated as of the close of business on or around the date of the Participant’s payment.

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Installment Method means a series of payments, payable either monthly or annually, over the number of years selected by the Participant. The Participant’s Annual Deferral Account shall be payable pursuant to a Monthly Installment Method over the number of years selected by the Participant in accordance with this Plan.

Installment Method means the “installment method” as described in Section 453 of the Code.

Examples of Installment Method in a sentence

Installment payments (to be completed only if item ii) – Installment Method is selected above): shall shall not be paid or continue to be paid to the Executive’s spouse after the death of the Executive.
Payment shall be made in a lump sum unless Employee elects to receive payment of his Account under an Annual Installment Method, as defined below.
Installment payments (to be completed only if item ii) – Installment Method is selected above): X shall shall not be paid or continue to be paid to the Executive’s spouse after the death of the Executive.
A Participant in connection with his or her commencement of participation in the Plan, shall elect on an Election Form to receive his or her Retirement Benefit in a lump sum or pursuant to a Quarterly Installment Method over 2 to 15 years.
A Participant, in connection with his or her commencement of participation in the Plan, shall elect on an Election Form to receive the Retirement Benefit in a lump sum or pursuant to an Annual Installment Method ranging from 2 to 10 years.
By way of example, if the Director elects a 10 year Annual Installment Method, the first payment shall be 1/10 of the Account balance.
No later than 60 days after March 31, 2004, PSE will commence paying ▇▇▇▇▇’▇ Account Balance in the Deferred Compensation Plan in 60 monthly payments as defined as a Monthly Installment Method in the Plan.
If the Participant's Account Balance at the time of his or her Termination of Employment is greater than that amount, payment of the Termination of Employment Benefit shall be made pursuant to an Annual Installment Method over 3 years.
A Participant, in ------------------------------------------- connection with his or her commencement of participation in the Plan, shall elect on an Election Form whether the Pre-Termination Survivor Benefit shall be received by his or her Beneficiary in a lump sum or pursuant to an Quarterly or Annual Installment Method of up to 60 quarters or 15 years.
Installment payments (to be completed only if item ii) - Installment Method is selected above and the Executive designates his or her spouse as beneficiary): X shall shall not be paid or continue to be paid to the Executive's spouse after the death of the Executive.

More Definitions of Installment Method

Installment Method means annual installment payments over a period of either five (5) or ten (10) years, selected by the Participant in accordance with this Plan. The amount of each installment shall be calculated by dividing the amount then subject to the installment payment by the number of installments then remaining to be made. The amount subject to installment payments that has not yet been paid shall continue to be credited/debited with additional amounts in accordance with Section 3.3. For purposes of this Plan, the right to receive benefit payments in installment payments shall be treated as the entitlement to a single payment.

Installment Method means, for installment payments of benefits in pay status on or before February 28, 2000, the Monthly Installment Method; and shall mean, for installment payments of benefits commencing pay status on or after March 1, 2000, the Variable Retirement Installment Method.