Distribution Option definition

Distribution Option means the two distribution options which are available under the Plan, consisting of the Separation Distribution Option and the In-Service Distribution Option.

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Distribution Option means the four distribution options which are available under the Plan, consisting of the Retirement Distribution Option, the In-Service Distribution Option, the Flexible Distribution Option and the Deferred Board Remuneration Option.

Distribution Option means the form in which payments to a Plan Participant are to be paid. Distribution Options are determined according to each Participant’s Deferral Account elections or as otherwise provided under the terms of the Plan.

Examples of Distribution Option in a sentence

• Except to the extent required to comply with applicable law, discontinuance of a Systematic Distribution Option will apply only to future elections and will not affect Systematic Distribution Options in effect at the time an option is discontinued.

• No Deferred Sales Charge or MVA will apply to the automatic payments made under a Systematic Distribution Option.

• If you are eligible for a Required Minimum Distribution Option, you may convert to that option at any time but payments under the Required Minimum Distribution Option will be reduced by all ESP Program payments and other withdrawals for the year.

• When a Systematic Distribution Option is elected, Aetna will make automatic payments from the Certificate Holder's Account.

• A partial withdrawal will reduce the amount of the Life Distribution Option payments to be made later in that year.

More Definitions of Distribution Option

Distribution Option means any of the following: (i) a life annuity; (ii) a life annuity with 120 monthly payments guaranteed; (iii) a joint and 100% survivor annuity (with 120 payments guaranteed); (iv) a joint and 50% survivor annuity, and (v) a single sum distribution.

Distribution Option means an Option granted by the Company as part of the adjustment of stock options granted or assumed by ESS to reflect the separation as an independent corporation of the Company from ESS effectuated by the Distribution.

Distribution Option means the form in which distribution of the applicable portion of a Participant's Deferral Account (other than the portion, if any, of such Participant's Deferral Account that is attributable to Supplemental Discretionary Awards) is to be made. Distribution Options are determined according to each Participant's Deferral Elections for each Plan Year or as otherwise provided under the terms of the Plan.

Distribution Option means the form in which payments to a Participant are to be paid. Distribution Options are determined as provided in Article 3 of the Plan.

Distribution Option means the form in which a payment to a Plan Participant is to be paid. Distribution Options are determined according to each Participant’s Deferral Elections for each Plan year or as otherwise provided under the terms of the Plan.

Distribution Option means an Option granted by the Company as part of the adjustment of stock options granted by Jaycor to reflect the separation of the Company from Jaycor effectuated by the Distribution.

Distribution Option. (choose whichever shall apply) 1. Lump Sum and partial lump sum payments only.