Form of Retirement Benefit. If Executive is not married on the date Executive's benefit under paragraph 3.5(iii) commences, then benefits under the Plan will be paid to Executive in the form of a single life annuity for the life of Executive. If Executive is married on the date Executive's benefit under paragraph 3.5(iii) commences, then benefits under the Plan will be paid to Executive, at the written election of Executive made at least 15 days prior to the first payment of benefits under the Plan, in either (1) the form of a single life annuity for the life of Executive, or (2) the form of a joint and survivor annuity that is actuarially equivalent to the benefit that would have been payable under the Plan to Executive if Executive was not married on such date, with Executive's spouse as of the date benefit payments commence being entitled during such spouse's lifetime after Executive's death to a benefit equal to 50% of the benefit payable to Executive during their joint lifetimes. If Executive fails to make such election, Executive will be deemed to have elected a joint and survivor annuity.
Form of Retirement Benefit. If Executive is not married on the date Executive's benefit under paragraph 3.5(iii) commences, then benefits under the Plan will be paid to Executive in the form of a single life annuity for the life of Executive (unless Executive elects a Lump-Sum Payment, in which case benefits under the Plan will be paid in cash in a lump-sum). If Executive is married on the date Executive's benefit under paragraph 3.5(iii) commences, then benefits under the Plan will be paid to Executive (unless Executive has elected a Lump-Sum Payment), at the written election of Executive made at least 15 days prior to the first payment of benefits under the Plan, in either (1) the form of a single life annuity for the life of Executive, or (2) the form of a joint and survivor annuity that is actuarially equivalent to the benefit that would have been payable under the Plan to Executive if Executive was not married on such date, with Executive's spouse as of the date benefit payments commence being entitled during such spouse's lifetime after Executive's death to a benefit equal to 50% of the benefit payable to Executive during their joint lifetimes. If Executive fails to make such election and does not make an election to receive a Lump-Sum Payment, Executive will be deemed to have elected a joint and survivor annuity.
Form of Retirement Benefit. If Executive is not married on the date Executive's benefit under paragraph 3.5(iii) commences, then benefits under the Plan will be paid to Executive in the form of a single life annuity for the life of Executive. If Executive is married on the date Executive's benefit under paragraph 3.5(iii) commences, then benefits under the Plan will be paid in the form of a joint and survivor annuity that is actuarially equivalent to the benefit that would have been payable under the Plan to Executive if Executive was not married on such date, with Executive's spouse as of the date benefit payments commence being entitled during such spouse's lifetime after Executive's death to a benefit equal to 50% of the benefit payable to Executive during their joint lifetimes.
Form of Retirement Benefit. Following the DROP Retirement Date, the Participant’s retirement benefit, as determined pursuant to Section 4.06(f), shall be payable in the form of monthly payments for the remainder of the Participant’s life, unless an op- tional form of payment has been elected pursuant to Section 4.04. A Participant may elect to have his or her benefits following the DROP Retirement Date paid in the form of a joint and survivor annuity or guaranteed period certain under Section 4.04 in accordance with the Plan’s procedures for electing optional forms of bene- fits. The election made by the Participant does not have to be the same as the election made with respect to the amount credited to his or her DROP Account under Section 4.06(e). A Participant may also elect to receive the value of his or her DROP Account (but not his or her Normal Retirement Pension) in the form of a single lump sum payment. Upon the Participant’s commencement of benefits, any election made by the Participant (including the designation of a Beneficiary under any option other than the guar- anteed period option) shall be irrevocable. The benefit payable to the Participant following his or her DROP Retirement Date shall be adjusted beginning as of January 1 of the year following the Participant’s DROP Retirement Date for changes in the cost of living in accordance with the provisions of Section 4.02.
Form of Retirement Benefit. Following the DROP Retirement Date, the Participant’s retirement benefit, as determined pursuant to Section 4.06(f), shall be payable in the form of monthly payments for the remainder of the Participant’s life, unless an optional form of payment has been elected pursuant to Section 4.04. A Participant may elect to have his or her benefits following the DROP Retirement Date paid in the form of a joint and survivor annuity or guaranteed period certain under Section
Form of Retirement Benefit. If Executive is not married on the date Executive's benefit under paragraph 3.6(c) commences, then benefits under the Plan will be paid to Executive in the form of a single life annuity for the life of Executive. If Executive is married on the date Executive's benefit under paragraph 3.6(c) commences, then benefits under the Plan will be paid to Executive, at the written election of Executive made at least 15 days prior to the first payment of benefits under the Plan, in either (i) the form of a single life annuity for the life of Executive, or (ii) the form of a joint and survivor annuity that is actuarially equivalent to the benefit that would have been payable under the Plan to Executive if Executive was not married on such date, with Executive's spouse as of the date benefit payments commence being entitled during such spouse's lifetime after Executive's death to a benefit equal to 50% of the benefit payable to Executive during their joint lifetimes. If Executive fails to make such election, Executive will be deemed to have elected a joint and survivor annuity.
Form of Retirement Benefit. 31 Section 6.1 QUALIFIED JOINT AND SURVIVOR ANNUITY 31 Section 6.2 QUALIFIED PRE-RETIREMENT SURVIVOR ANNUITY 31 Section 6.3 NOTICE REQUIREMENTS 32 Section 6.4 CASH OUT PROVISION 34 Section 6.5 ELIGIBLE ROLLOVER 34 Section 6.6 DETERMINATION OF AMOUNT TO BE DISTRIBUTED EACH YEAR 35 ARTICLE VII—MAXIMUM BENEFIT LIMITATION 37 Section 7.1 GENERAL LIMITATION RULE 37 ARTICLE VIII—CONTRIBUTIONS AND FUNDING 38 Section 8.1 CONTRIBUTIONS AND FUNDING 38 Section 8.2 ANTI-CUTBACK OF BENEFITS 38 Section 8.3 RECIPROCITY AGREEMENT 38 ARTICLE IX—AMENDMENT AND DURATION OF THIS PLAN 39 Section 9.1 RIGHT TO AMEND AND/OR TERMINATE 39 Section 9.2 TAX QUALIFICATION 39 Section 9.3 DURATION OF PLAN 39 ARTICLE X—TERMINATION 40 Section 10.1 CONTINUATION OF PLAN 40 Section 10.2 TERMINATION OR PARTIAL TERMINATION 40 ARTICLE XI—THE PENSION FUND AND THE TRUSTEES 41 Section 11.1 ASSETS AND LIABILITIES 41 Section 11.2 NON-REVERSION 41 Section 11.3 EMPLOYER LIABILITY 41 ARTICLE XII—ADMINISTRATION 42 Section 12.1 ADMINISTRATION BY TRUSTEES 42 Section 12.2 TRUSTEE OBLIGATION 42 Section 12.3 TRUSTEE POWERS 42 ARTICLE XIII—MISCELLANEOUS 44 Section 13.1 EMPLOYEE INFORMATION 44 Section 13.2 EMPLOYEE RIGHTS 44 Section 13.3 CONTRACT OF EMPLOYMENT 44 Section 13.4 EMPLOYER/EMPLOYEE RELATIONSHIP 44 Section 13.5 CLAIMS AND APPEALS PROCEDURE 44 Section 13.6 ACTIONS OF THE TRUSTEES 46 Section 13.7 PERIODIC ACTUARIAL CALCULATION 46 Section 13.8 INCOMPETENCE OF PENSIONER 46 Section 13.9 BENEFIT PAYMENTS REVERT TO FUND AFTER THREE YEARS 46 Section 13.10 MERGER OR CONSOLIDATION 46 Section 13.11 NON-ALIENATION OF BENEFITS 46 Section 13.12 PROSPECTIVE OPERATION 47 Section 13.13 MILITARY DUTY 47 ARTICLE XIV—EMPLOYER WITHDRAWAL LIABILITY 49 Section 14.1 COMPLETE WITHDRAWAL DEFINED 49 Section 14.2 PARTIAL WITHDRAWAL DEFINED 49 Section 14.3 CALCULATION OF WITHDRAWAL LIABILITY 50 Section 14.4 DE MINIMIS REDUCTION OF WITHDRAWAL LIABILITY 52 Section 14.5 ACTUARIAL ASSUMPTIONS 52 Section 14.6 PAYMENT OF WITHDRAWAL LIABILITY 52 Section 14.7 RESOLUTION OF DISPUTES 54 Section 14.8 FURNISHING INFORMATION TO EMPLOYERS 54 Section 14.9 MISCELLANEOUS 55 ARTICLE XV—REQUIRED MINIMUM DISTRIBUTIONS 57 Section 15.1 REQUIRED BEGINNING DATE 57 Section 15.2 DEATH OF PARTICIPANT BEFORE DISTRIBUTIONS BEGIN. 57 Section 15.3 FORM OF DISTRIBUTION. 57 Section 15.4 GENERAL ANNUITY REQUIREMENTS 58 Section 15.5 AMOUNT REQUIRED TO BE DISTRIBUTED BY REQUIRED BEGINNING DATE 58 Section 15.6 ADDITIONAL ACCRUALS AFTER FIRST DISTRIBUTION CALENDAR YEA...
