Payment Election Form definition
Examples of Payment Election Form in a sentence
The payment of the Deferred Compensation benefit, which shall be an amount equal to the balance to the credit of the Participant in the Deferred Compensation Ledger Account, shall be made or commence to be made in accordance with the manner elected by the Participant not later than 30 days after the payment date specified in the Payment Election Form.
This benefit shall be paid to the Director as elected on the Benefit Payment Election Form commencing the month following Separation from Service.
The Employee may, by submitting an effective superseding Deferred Payment Election Form at any time and from time to time, prospectively change the beneficiary designation and the manner of payment to a beneficiary.
The Executive may annually file a Base Salary, Bonus and Performance-Based Compensation Deferral Election Form and a Benefit Payment Election Form with the Administrator no later than the end of the Plan Year preceding the Plan Year in which services leading to the compensation to be deferred will be performed.
If properly completed and timely filed, your Payment Election Form will become effective upon receipt by the Stock Services Administrator.