Normal Form of Benefit. The benefits determined in this Section are payable at Normal Retirement Date as a:
Normal Form of Benefit. If a member does not have a spouse at his or her retirement date, the member's monthly benefit will be payable for life, with the guarantee that if the member dies before 60 monthly payments are made, the remaining payments will be made to the member's beneficiary. If a member has a spouse at his or her retirement date, the Plan provides that upon the member's death, 60% of the monthly pension will continue to be paid to the spouse as long as the spouse is alive. The initial monthly pension will automatically be reduced 10% to provide this benefit unless prior to retirement the member and the member's spouse choose to opt out by submitting a Spouse Pension Waiver which requires the witnessed signature of the member's spouse. Should the member's spouse pre-decease the member, the monthly payments, beginning with the first one due after the spouse's death, will not be reduced by the 10% set out above.
Normal Form of Benefit. Except as otherwise provided in the applicable Supplement, a Participant’s benefit shall be paid in the form of a 100% Joint and Survivor’s Annuity, with the Participant’s spouse as joint annuitant if the Participant is married on the Annuity Starting Date, and in the form of an Individual Life Annuity if the Participant is not married on the Annuity Starting Date, unless the Participant elects not to receive payments pursuant to this Section 6.1 and to receive payments in one of the optional forms permitted under Section 6.2. An election not to receive the normal form of benefit and to receive payment in an optional form shall satisfy the applicable requirements of Section 6.3.
Normal Form of Benefit. A Participant’s benefit shall be paid in the form of a 50% Joint and Survivor’s Annuity, with the Participant’s spouse as joint annuitant if the Participant is married on the Annuity Starting Date, and in the form of an Individual Life Annuity if the Participant is not married on the Annuity Starting Date, unless the Participant elects, in accordance with Section 6.3, not to receive payment in the normal form and to receive payment in one of the permitted optional forms.
Normal Form of Benefit. The normal form of benefit shall be a 50% Joint and Survivor’s Annuity with the Participant’s spouse as joint annuitant if he is married on the Annuity Starting Date, and an Individual Life Annuity if he is not married on the Annuity Starting Date.
Normal Form of Benefit. The normal form of benefit is payable annually for 20 years during the lifetime of the Member, whom failing, the Spouse of the Member. In the event neither the Member or Spouse survives the 20 year period, the remaining payments shall be payable to the Beneficiary of the Member.
Normal Form of Benefit. The normal form at benefit distribution shall be a straight life annuity continuing for the life of the Participant, with no benefit payable following the Participant’s date of death. Subject to the limitations of Section 11.11 of the Plan, if the Participant selects another form of benefit, the Participant shall receive the Actuarial Equivalent of his Non- forfeitable Accrued Benefit payable at Normal Retirement Date, determined as of the Benefit Commencement Date.
Normal Form of Benefit. If the Participant is unmarried on the date ---------------------- benefits commence, the benefit shall be payable in the form of a single life annuity for the Participant's life. Such benefit shall be payable in monthly installments equal to one-twelfth (1/12) of the amount determined under Section 2a.
Normal Form of Benefit. If unmarried, life annuity; if married, fifty percent (50%) Automatic Qualified Joint and Survivor Annuity actuarially reduced, unless employee opts out.
Normal Form of Benefit. Payable during lifetimeof employee. Vesting: A member is vested after (2) years of credited service. A member whose employment with the Company is terminated for any reason other than death, disability or retirement upon completion of
