Ten Year Certain Installments means one hundred and twenty (120) equal monthly payments that are Actuarially Equivalent to the Participant's 409A Benefit payable in the form of a Whole Life Annuity. If the Participant dies before receiving one hundred and twenty (120) monthly payments, the remaining payments shall continue to be made to the Participant's Beneficiary. (v) Lump Sum
Examples of Ten Year Certain Installments in a sentence
The first clause of Section 1.1(a) Actuarial Equivalence is replaced with the following: (a) For purposes of Sections 3.2 Normal Retirement Benefit, 3.6 Post-Retirement, Lump-Sum Benefit, 4.1(c) Ten Year Certain and Life Annuity, 4.1(d) Ten Year Certain Installments and 5.3 Amount of Change of Control Benefit, Actuarial Equivalence shall be computed using the following: II.