Common use of Other Forms of Distribution to Beneficiary Clause in Contracts

Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows: (1) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.

Appears in 13 contracts

Samples: Participation Agreement (Miami Computer Supply Corp), Qualified Retirement Plan and Trust (Cornell Corrections Inc), Basic Plan (Tri Continental Corp)

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Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse), the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid to him as follows: (1) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.

Appears in 2 contracts

Samples: New England Funds Trust I, Bradford Funds Inc

Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly property waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows: (1) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.

Appears in 2 contracts

Samples: Nabi /De/, Nabi /De/

Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement pre-retirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows: (1) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.

Appears in 1 contract

Samples: Qualified Retirement Plan and Trust (Connecticut Water Service Inc / Ct)

Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse, . the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be paid as follows: (1I) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.

Appears in 1 contract

Samples: Qualified Retirement Plan and Trust (Edelbrock Corp)

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Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds $3,500 and the Participant has properly waived the preretirement survivor annuity, as described in Section 6.05 (if applicable) appiicable~ or if the Beneficiary is the Participant's surviving spouse, the Beneficiary may, subject to the requirements of Section 6.06, request in writing that the Participant's Individual Account be l:e paid as follows: (1I) in a lump sum; or (2) in installment payments over a period not to exceed the life expectancy of such Beneficiary.

Appears in 1 contract

Samples: Weststar Financial Services Corp

Other Forms of Distribution to Beneficiary. If the value of a Participant's Individual Account exceeds as of the most recent Valuation Date is (or ever was prior to any Plan distribution) greater than $3,500 3,500, and the Participant has properly waived the preretirement survivor annuity, annuity as described in Section 6.05 (if applicable) or if the Beneficiary is the Participant's surviving spouse6.06, the Beneficiary may, subject to the applicable requirements of contained in Section 6.066.07, request in writing that the Participant's Individual Account be paid as followsto him or her either: (1) in a lump sum; sum or (2) in installment payments over a period not to exceed the Beneficiary's life expectancy of such Beneficiaryexpectancy.

Appears in 1 contract

Samples: Kevco Inc

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