Common use of Payment Options Clause in Contracts

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, or Separation from Service if Seniority Date is Not Applicable

Appears in 16 contracts

Sources: Adoption Agreement (Douglas Dynamics, Inc), Adoption Agreement (Mylan Inc.), Adoption Agreement (Fidelity & Guaranty Life)

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, or Separation from Service if (Seniority Date is Not Applicable)

Appears in 2 contracts

Sources: Adoption Agreement (Preformed Line Products Co), Adoption Agreement (Ritchie Bros Auctioneers Inc)

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, or Separation from Service if (Seniority Date is Not Applicable) XX (i) A lump sum.

Appears in 2 contracts

Sources: Adoption Agreement (First Bancorp /Nc/), Adoption Agreement (First Bancorp /Nc/)

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, or Separation from Service if (Seniority Date is Not Applicable) (i) A lump sum. (ii) Annual installments over a term certain as elected by the Participant not to exceed years. (b) Separation from Service prior to Seniority Date (If Applicable)

Appears in 1 contract

Sources: Adoption Agreement (Quorum Health Corp)

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, or Separation from Service if Seniority Date is Not Applicable (i) A lump sum. (ii) Annual installments over a term certain as elected by the Participant not to exceed 10 years.

Appears in 1 contract

Sources: Adoption Agreement (Isle of Capri Casinos Inc)

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, or Separation from Service if Seniority Date is Not ApplicableX (i) A lump sum. X (ii) Annual installments over a term certain as elected by the Participant not to exceed 5 years.

Appears in 1 contract

Sources: Adoption Agreement (Paperweight Development Corp)

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, . or Separation from Service if Seniority Date is Not Applicable

Appears in 1 contract

Sources: Adoption Agreement (DCP Midstream, LP)

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, or Separation from Service if (Seniority Date is Not Applicable) (b) Separation from Service prior to Seniority Date (If Applicable) (i) A lump sum. _X_ (ii) Not Applicable

Appears in 1 contract

Sources: Executive Nonqualified Deferred Compensation Plan (Piedmont Office Realty Trust, Inc.)

Payment Options. Any benefit payable under the Plan upon a permitted Qualifying Distribution Event may be made to the Participant or his Beneficiary (as applicable) in any of the following payment forms, as selected by the Participant in the Participation Agreement: (a) Separation from Service prior to Seniority Date, or Separation from Service if Seniority Date is Not Applicable (b) Separation from Service on or After Seniority Date, If Applicable

Appears in 1 contract

Sources: Adoption Agreement (MTC Technologies Inc)