Common use of Partial Payment Option Clause in Contracts

Partial Payment Option. A Participant who has terminated employment can elect at any time to take a partial distribution of his Account Balance. Partial distributions shall be made from the following subaccounts in the order set forth below:

Appears in 2 contracts

Sources: Savings and Ownership Plan (Honeywell International Inc), Honeywell Puerto Rico Savings and Ownership Plan (Honeywell International Inc)