Common use of Payment Form Election Clause in Contracts

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. ____ I elect to receive my vested account balance in monthly installments over 10 years. ____ . X 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 's Human Resources Department at least 12 months before distribution under CAP is scheduled to begin), the Participant' s '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.