Short-Term Distributions Sample Clauses
Short-Term Distributions. If a Participant shall so elect in his annual Deferral Election Form, a Participant can receive a distribution from his Account, as soon as three (3) years after the end of the deferral Plan Year, of all of his annual deferral amount, plus amounts credited/debited based on the performance of Participant elected Deferral Crediting Rate(s). The election is made on an annual basis, is irrevocable and payable in a lump sum.
Short-Term Distributions. At the election of a Participant in the applicable Deferral Election Form, a Short-Term Distribution may be selected for payment as soon as three (3) years after the end of the deferral Plan Year. Distribution will be in the form of a lump-sum, occurring no later than thirty (30) days following the distribution date elected on the Deferral Election Form. A Participant's Account shall be valued as of such distribution date elected on the Deferral Election Form.
Short-Term Distributions. If a Participant shall so elect in his annual Deferral Election Form, a Participant can receive a distribution from his Account, as soon as three (3) years after the end of the deferral Plan Year, all of his annual deferral amount, plus amounts credited/debited based on the performance of Participant elected Deferral Crediting Rate(s). The election is made on an annual basis, pursuant to the Participant's current Plan Year contributions, is irrevocable and payable according to the method of payment elected in the Participant's applicable annual Deferral Election Form. If the Participant dies while receiving Short-Term installment payments, his Designated Beneficiary shall continue to receive the remaining installments. If subsequently, the Designated Beneficiary dies; any remaining installments will be paid to the Designated Beneficiary estate.
Short-Term Distributions. At the election of a Participant in the applicable Deferral Election Form, a Short-Term Distribution may be selected for payment as soon as three (3) years after the end of the deferral Plan Year. Distribution will be either in the form of a lump-sum, occurring no later than thirty (30) days following the distribution date elected on the Deferral Election Form, or in quarterly installment payments beginning with the first business day on or after the commencement date as selected by the Participant in the annual Deferral Election Form and for a duration as selected by the Participant in the annual Deferral Election Form and to be paid thereafter within ten (10) days of the first business day on or after January 1, April 1, July 1, and October 1, of each calendar year until the Short-Term Distribution amount has been fully distributed. A Participant's Account shall be valued as of such distribution date elected on the Deferral Election Form.