Examples of Normal Distribution Date in a sentence
The Bank shall pay the benefit described in Section 3.1.1 in a single lump-sum payment no later than sixty (60) days following the Normal Distribution Date (the “Normal Payment Date”).
The first installment payment shall be made on a Participant's Normal Distribution Date, and subsequent installments shall be paid on or about the same date of each subsequent year.
Upon the Normal Distribution Date, the Company shall pay to the Participant the benefit described in this Section 5.1 in lieu of any other benefit under this Article.
A Participant may elect to have payment of amounts that are to be paid on his Normal Distribution Date distributed in a lump sum or in annual installments for a period of 5, 10 or 15 years.
Unless the Participant has elected another available distribution date in his or her executed Deferral Agreement or the Participant dies prior to such date, the vested portion of a Participant’s Account shall be distributed to the Participant on the Participant’s Normal Distribution Date.