Common use of Disability While Employed Clause in Contracts

Disability While Employed. I understand that in the event of my Disability prior to my Benefit Age, I will be entitled to the Disability Benefit set forth in Section 3.6 of the Plan. My Disability Benefit shall equal my Accrued Benefit, increased by the Interest Factor until my Benefit Eligibility Date and then annuitized (using the Interest Factor), and paid over the Payout Period commencing at the later of age 65 or the date of my Disability determination. I understand that I can elect below to have the discounted present value of my Accrued Benefit paid at the time of my Disability determination. Such election must be made upon initial entry into the Plan. ¨ I elect to receive my Disability Benefit in a lump sum payment within 30 days of my Disability determination.