Common use of Lump Sum Distribution Clause in Contracts

Lump Sum Distribution. In addition to any Qualified Joint and Survivor Annuity (as required under Section 9 of the Plan), a Participant may take a distribution of his/her entire vested Account Balance in a single lump sum, unless designated otherwise under subsection (e) below. Additional distribution options. To provide for additional distribution options, check the applicable distribution forms under this AA §9-1. If a lump sum distribution will not be provided under the Plan, check (e) below and indicate that no lump sum distribution is available under the Plan.