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, the Short-Term Payout shall be a lump sum payment in an amount that is equal to the Annual Deferral Amount plus amounts credited or debited in the manner provided in Section 3.8 above on that amount, determined at the time that the Short-Term Payout becomes payable (rather than the date of a Termination of Employment).
By way of example, if a three year Short-Term Payout is elected for Annual Deferral Amounts that are deferred in the Plan Year commencing January 1, 1998, the three year Short-Term Payout would become payable during a 60 day period commencing January 1, 2002.
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.

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 Benefit set forth in Section 5.1.

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 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 a payout described in Section 4.1.

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.