Common use of Optional Forms of Distribution Clause in Contracts

Optional Forms of Distribution. If the Participant’s request for a distribution from the Account is approved or authorized, the Participant may elect to have the distribution from the Account made in one or a combination of the following forms, subject to the requirements of Articles 5.3 and 5.4 of this Appendix: (a) Single-sum payment; (b) Monthly, quarterly, semiannual, or annual installments; or (c) By the purchase and distribution of an annuity contract from an insurance company designated by the Participant or Plan Administrator providing for fixed or variable annuity payments over the life of the Participant, or the lives of the Participant and his or her spouse (or over a period not extending beyond the life expectancy of the Participant or the joint and last survivor life expectancy of the Participant and his or her spouse).