Payment Form Election Sample Clauses

Payment Form Election. I hereby modify my Payment Form election and designate the following as my Payment Form for the amounts credited to my Deferral Account [place an “X” preceding your choice and fill in the missing information, as applicable]: A lump sum payment. Quarterly installments for a period of [pick either 5 or 10] years. I understand that for purposes of modifications to the Payment Form, each installment stands alone (e.g., to change installments to a lump sum, the lump sum must be deferred to five years after the last installment payment would have been made). I understand that any future decision I make to change the Payment Form is subject to restrictions on acceleration and mandatory deferrals pursuant to applicable provisions of the Internal Revenue Code. I hereby agree that the terms of the Agreement, as effective as of , 2010, are incorporated herein and are made a part hereof. Dated:

Payment Form Election. Unless specified below (or otherwise specified in a valid election, submitted by the Participant to Interpublic's Human Resources Department at least 12 months before distribution under SERIP is scheduled to begin), the Participant's vested benefit shall be distributed in monthly payments for 15 years, as provided in the Plan Document. ____ I elect to receive my vested benefit in monthly payments for 10 years. ____ I elect to receive my vested benefit in a lump sum. I understand that my vested benefit will be discounted, as provided in the Plan Document, to reflect the accelerated payout associated with the election of an optional payment form.

Payment Form Election. Unless specified below (or otherwise specified in a valid election, submitted by the Participant to Interpublic' s Human Resources Department at least 12 months before distribution under CAP is scheduled to begin), the Participant' s vested account balance shall be distributed in a lump sum. ____ I elect to receive my vested account balance in monthly installments over 10 years. ____ I elect to receive my vested account balance in monthly installments over 15 years.

Payment Form Election. Unless specified below (or otherwise specified in a valid election, submitted by the Participant to Interpublic's Human Resources Department at least 12 months before distribution under CAP is scheduled to begin), the Participant's vested account balance shall be distributed in a lump sum. If you would like to elect a payment form other than a lump sum, check below. ____ I elect to receive my vested account balance in monthly installments over 10 years. ____ I elect to receive my vested account balance in monthly installments over 15 years. I understand that the installment forms described above are available only if I terminate employment after age 55, with at least five years of participation in CAP.

Payment Form Election. I hereby modify my Payment Form election and designate the following as my Payment Form for the amounts credited to my Deferral Account [place an “X”precedingyour choice and fill in the missing information, as applicable]: ____ A lump sum payment. ____ Quarterly installments for a period of ____ [pick either 5 or 10] years. I understand that for purposes of modifications to the Payment Form, each installment stands alone (e.g., to change installments to a lump sum, the lump sum must be deferred to five years after the last installment payment would have been made). I understand that any future decision I make to change the Payment Form is subject to restrictions on acceleration and mandatory deferrals pursuant to applicable provisions of the Internal Revenue Code. Dated:_________________________