Lump Sum Distribution definition

Lump Sum Distribution means a lump sum distribution elected under this Section 4.5.

Lump Sum Distribution means a payment by the retirement system of the entire balance in the alternate payee's segregated account, together with regular interest credited thereon.

Lump Sum Distribution means any dis-

Examples of Lump Sum Distribution in a sentence

• Members may also choose to receive a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to 12, 24, or 36 monthly payments, which cannot exceed 75% of the member’s deposits and interest.

• For deferred annuities:Immediate Lump Sum Distribution - % (Indicate any remaining balance allocation below or to the right.) Income for a Fixed Period - years*Life Income Only (nonqualified annuities only)Life Income w/Period Certain (nonqualified annuities only) - years**Indicate a period from 7 to 30 years.

• A Lump Sum Distribution or a Partial Distribution may be elected by any Participant, Beneficiary, or alternate payee under a Qualified Domestic Relations Order, in the form of an All Cash Distribution, a Stock and Cash Distribution or an All Stock Distribution.

• With respect to Pensioners who received their Pension under the Lump Sum Distribution method, contributions will be determined based on the straight life annuity used to calculate the Pensioner’s Lump Sum Distribution.

• If you are taking a partial lump sum distribution, you must also complete the Selection of Partial Lump Sum Distribution form and return the form to TMRS along with your retirement application.■ Your retirement date must be the last day of the calendar month, cannot precede the date you terminate employment and cannot precede the date you file this application.

More Definitions of Lump Sum Distribution

Lump Sum Distribution means the form of payment described in section 6.3(b)(1).

Lump Sum Distribution means a distribution described in Section 8.4(b).

Lump Sum Distribution has the meaning given such term by Section 402(d)(4) of the Code, without regard to clauses (i), (ii), (iii), and (iv) of subparagraph (A), subparagraph (B), or subparagraph (F) thereof. An event shall not be treated as described in subsection 11.12(b) or 11.12(c) unless the transferor corporation continues to maintain the Plan after the disposition and the purchaser does not maintain the Plan after the disposition. Moreover, a disposition that results in the employee's transfer to the purchaser and generally must be made by the end of the second calendar year after the calendar year in which the disposition occurred. --------------------- End of Article 11 73 - 68 -

Lump Sum Distribution has the meaning given such term by section 402(e)(4), without regard to clauses (i), (ii), (iii), and (iv) of subparagraph (A), subparagraph (B), or subparagraph (I-I) thereof.

Lump Sum Distribution has the meaning specified in Section 10.03(a).

Lump Sum Distribution means a distribution of the entire amount in cash; provided, however, that the distribution of the portion, if any, of a Participant's Accounts are invested in the Investment Fund described in 6.1(c) shall be made, as elected (in accordance with Section 16.4) by the Participant or Beneficiary entitled to such distribution, either: (i) in whole shares of Corporation Stock with the value of any fractional shares and other amounts in the Participant's Accounts paid in cash, or (ii) entirely in cash.

Lump Sum Distribution means a single sum cash payment of a balance in the Participant’s Account.