Short-Term Payout definition

Short-Term Payout means the payout set forth in Section 4.1.
Short-Term Payout means the payout set forth in Article 4.
Short-Term Payout means the type of payout available to a Participant as described in Section 8(a).

Examples of Short-Term Payout in a sentence

  • Should an event occur that triggers a benefit under Article 5, 6, 7 or 8, any Annual Deferral Amount, plus amounts credited or debited thereon, that is subject to a Short-Term Payout election under Section 4.1 shall not be paid in accordance with Section 4.1 but shall be paid in accordance with the other applicable Article.

  • In connection with each election to defer an Annual Deferral Amount, a Participant may irrevocably elect to receive a future "Short-Term Payout" from the Plan with respect to such Annual Deferral Amount.

  • Subject to the Deduction Limitation, in connection with each election to defer an Annual Deferral Amount, a Participant may elect to receive a future "Short-Term Payout" from the Plan with respect to that Annual Deferral Amount.

  • Each Short-Term Payout elected shall be payable on the Short-Term Payout Date designated by the Participant on the Election Form with respect thereto.

  • In connection with each election to defer an Annual Deferral Amount, a Participant may irrevocably elect to receive a future Short-Term Payout from the Plan with respect to such Annual Deferral Amount.


More Definitions of Short-Term Payout

Short-Term Payout means the payout set forth in Section 4.1 of this Plan.
Short-Term Payout means the distribution election described in Section 4.1. The Plan shall maintain separate accounting for all Short-Term Payouts that are scheduled to be paid in a particular Plan Year.
Short-Term Payout means the Benefit set forth in Section 5.1.
Short-Term Payout means that portion of a Participant’s Annual Deferral Amount that the Participant elects to have distributed in a specific year, in accordance with Section 4.2.
Short-Term Payout means the payout set forth in Section 4.1. 1.35 "Termination Benefit" shall mean the benefit set forth in Article 7.
Short-Term Payout means an in-service distribution payout as set forth in Section 4.1.
Short-Term Payout means the payout described in Section 4.1.