Examples of Waiver Election in a sentence
A Participant shall automatically receive his or her vested Accrued Benefit in the form of a Qualified Joint and Survivor Annuity unless the Participant makes a Waiver Election during the applicable Election Period.
If a Waiver Election is in effect when benefits are distributed, but no method of distribution is otherwise selected by the Participant, then the Committee shall make reasonable efforts to obtain an election of a method of distribution from such Participant.
Any Inactive Participant not receiving benefits on August 23, 1984, shall be given the opportunity to make a Waiver Election for a Qualified Preretirement Survivor Annuity if such Inactive Participant (i) completed at least one (1) Hour of Service with the Employer under this Plan (or a Predecessor Plan) in a Plan Year beginning on or after January 1, 1976; and (ii) had completed at least 10 Years of Vested Service when he or she terminated employment.
During any time that a Waiver Election is in effect, the Participant shall elect to have his or her Accrued Benefit distributable in one (1) of the alternate forms of payment described in subparagraphs (a) through (e) of this Paragraph B.3 as permitted in Article I.
EMPLOYER: The Waiver Election is applicable to 403(b) plans if you did not select the REA Safe Harbor found in your Adoption Agreement.
If CNL fails to deliver a ROFO Investment Response Notice within such fifteen (15) Business Days period, CNL shall be deemed to have made the Waiver Election.
Participant Signature Date (MM/DD/YY)Witness Signature Date (MM/DD/YY) James Advantage Funds - 403(B) DESIGNATION OF BENEFICIARY FORM Page 2 SECTION 6: Signatures (continued) INSTRUCTIONS FOR WAIVER ELECTION FOR QUALIFIED PRE-RETIREMENT SURVIVOR ANNUITIES PARTICIPANT: You and your spouse must complete the Waiver Election section if the box has not been checked.
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If such definitive joint venture agreement is not executed and delivered within thirty (30) days of receipt by Bainbridge of notice of the exercise by CNL of the Acceptance Election, then CNL shall automatically be deemed to have made the Waiver Election and Bainbridge may proceed as if the Waiver Election had initially been made by CNL.
A Waiver Election may not be made if the Company has previously made a Physical Settlement Election.