Payment Election Form definition

Payment Election Form means a form required to be used by Participants to elect the time and form of benefit payments under Section 7.1 of the Plan.

Payment Election Form means and refer to the written election by a Participant, in the form prescribed by the Committee, to voluntarily defer the payment of all or a portion of such Participant's Compensation under this Plan pursuant to Article II hereof.

Payment Election Form means the form substantially in the form attached hereto

Examples of Payment Election Form in a sentence

• An Eligible Trustee may elect to direct the Funds to pay some or all of the Compensation otherwise payable to him only as deferred compensation under this Plan by submitting to the Plan Administrator a Deferral and Payment Election Form (as such form is prescribed by the Plan Administrator from time to time).

• Amendment of Payment Election Form" means a written notice, in a form prescribed by the Company, filed with the Company by a Participant to change the manner in which such Participant's Deferral Benefits are to be paid.

• The payment of the Deferred Compensation benefit, which shall be an amount equal to the balance to the credit of the Participant in the Deferred Compensation Ledger Account, shall be made or commence to be made in accordance with the manner elected by the Participant not later than 30 days after the payment date specified in the Payment Election Form.

• A Participant may amend his or her Survivor Benefit Payment Election Form to change the payment form of a Pre-Termination Survivor Benefit by submitting a new Survivor Benefit Payment Election Form in accordance with the Committee’s rules and procedures, provided that the amended Survivor Benefit Payment Election Form is not effective for 12 months after it is submitted.

• A Participant, in connection with his or her commencement of participation in the Plan, shall elect on a Survivor Benefit Payment Election Form whether the Pre-Termination Survivor Benefit shall be received by his or her Beneficiary in a lump sum or pursuant to a Monthly Installment Method of 60, 120 or 180 months or Annual Installment Method of five, ten or fifteen years.

More Definitions of Payment Election Form

Payment Election Form means the form provided by the Committee from time to time in which Participants make payment elections pursuant to Section H below.

Payment Election Form means the form approved and used by the Administrator for the Participant to elect the time and form of distributions from his Account.

Payment Election Form means the form or forms on which a Participant elects the form and/or timing of the Participant’s Plan benefit (which form may take the form of an electronic transmission, if required or permitted by the Sponsor).

Payment Election Form means the form approved and used by the Administrator for the Participant to elect distributions from the Trust.

Payment Election Form means the election form filed by a Non-Employee Director with the Company indicating whether such Non-Employee Director’s Deferred Stock Unit Awards will be paid in a lump sum or in a series of 2 to 10 substantially equal annual installments.

Payment Election Form means a form provided by the Administrator on which a Participant may designate the payment method by which he will receive a benefit he is due under the Plan.

Payment Election Form means the Payment Election Form (substantially in the form attached hereto as Exhibit A) pursuant to which Executive identifies the Payment Trigger Event, form of payment of Benefits and the Designated Beneficiary(ies). In the absence, at any time, of a valid Payment Election Form, the distribution election form applicable to Executive's account under the Deferred Compensation Plan shall apply to Executive's Account.