Examples of Designated Form in a sentence
In the event of death of an employee, fifty percent (50% of the per diem rate of pay for unused sick leave, and forty percent (40%) of the per diem rate for unused vacation leave will be paid to the employee’s beneficiary as stated on the VSRS Beneficiary Designated Form.
A Participant may, pursuant to this Section, elect to change the Designated Distribution Date and/or Designated Form for an Account, provided, however, that a Participant may make only one election pursuant to this Section with respect to an Account.
At the time a Participant makes a deferral election pursuant to Section 4.02, 4.03 or 4.04, he shall also elect a Designated Benefit Commencement Date and Designated Form for the Account to which amounts subject to the deferral are credited.
A Participant was permitted to elect during the election period established by the Administrator (which shall begin no earlier than September 1, 2007, and end no later than December 31, 2007) to change his Designated Benefit Commencement Date and/or Designated Form with respect to an Account, provided that such election does not cause any amounts otherwise payable in another year to be payable in 2007 or cause any amounts otherwise payable in 2007 to be paid in a later year.
In the event of death of an employee, fifty percent (50% of the per diem rate of pay for unused sick leave, and forty percent (40%) of the per diem rate for unused vacation leave will paid to the employee’s beneficiary as stated on the VSRS Beneficiary Designated Form.
A Participant was permitted to elect during the election period established by the Administrator (which shall begin and end in 2008) to change his Designated Benefit Commencement Date and/or Designated Form with respect to an Account, provided that such election does not cause any amounts otherwise payable in another year to be payable in 2008 or cause any amounts otherwise payable in 2008 to be paid in a later year.
Notwithstanding the preceding provisions of this Section, if a Participant's Account on his separation from service is less than $10,000, the Designated Form for such Account shall be deemed to be a lump sum.
Except as expressly provided in the following provisions of this Article, a Participant’s Account subject to a deferral election shall be distributed in the Designated Form, beginning as of the Participant’s Designated Benefit Commencement Date.
Notwithstanding the preceding provisions of this Section, if a Participant’s Account on the Designated Benefit Commencement Date is less than $10,000, the Designated Form shall be deemed to be a lump sum.
At the time a Participant makes a deferral election pursuant to Section 4.02, 4.03 or 4.04, he shall also elect a Designated Benefit Commencement Date and Designated Form for the Account to which amounts subject to the deferral are credited.Section 4.06 Election Changes.