Common use of Qualified Joint and Survivor Annuity Clause in Contracts

Qualified Joint and Survivor Annuity. Unless an optional form of benefit is selected pursuant to a Qualified Election within the ninety (90) day period ending on the Annuity Starting Date, a married Participant's Vested Accrued Benefit shall be paid in the form of a Qualified Joint and Survivor Annuity and an unmarried Participant's Vested Accrued Benefit shall be paid in the form of a single life annuity. The Participant may elect to have such annuity distributed upon attainment of the Earliest Retirement Age. Qualified Pre-retirement Survivor Annuity. Unless an optional form of benefit is selected within the election Period pursuant to a Qualified Election, if a Participant dies after the Earliest Retirement Age, the Participant's Surviving Spouse (if any) shall receive the same benefit that would be payable if the Participant had retired with an immediate Qualified Joint and Survivor Annuity on the day before the Participant's date of death. Unless an optional form of benefit is selected within the Election Period pursuant to a Qualified Election, if a Participant dies on or before the Earliest Retirement Age, the Participant's Surviving Spouse (if any) shall receive the same benefit that would be payable if the Participant had:

Appears in 10 contracts

Samples: Adoption Agreement Dreyfus Standardized (Dreyfus Global Growth Fund), Adoption Agreement Dreyfus Standardized (Dreyfus Growth Opportunity Fund Inc), Adoption Agreement Dreyfus Standardized (Dreyfus Strategic Investing)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.