Forms of Distribution Clause Samples
The 'Forms of Distribution' clause defines the permitted methods by which a product, service, or content may be distributed under the agreement. It typically outlines whether distribution can occur through physical means, digital channels, sublicensing, or other specified platforms, and may set conditions or limitations on each method. By clearly specifying the acceptable forms of distribution, this clause helps prevent unauthorized dissemination and ensures that both parties understand the scope and boundaries of distribution rights granted.
Forms of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with sections 5.6(c) and 5.6(d) of this section 5.
Forms of Distribution. Unless the Participant's interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with Sections 6.3 and 6.4 of this amendment. If the Participant's interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Treasury regulations.
Forms of Distribution. Unless the Participant’s interest is distributed in a lump sum on or before the Required Beginning Date, as of the first Distribution Calendar Year distributions will be made in accordance with Subsections 11.9(c) and 11.9(d).
Forms of Distribution. Each Member may choose to have the distribution of his Accounts made under Section 7.07 of the Plan in accordance with one of the following options (check any options you wish to offer under the Plan):
Forms of Distribution. The Participant may elect (i) a single sum distribution, (ii) an Annuity Benefit, or (iii) any other form of payment of the Cash Value offered by us, subject to the terms of the Plan and the approval of the Employer.
Forms of Distribution. Unless the Participant's interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with Articles III and IV of this Amendment. If the Participant's interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Treasury regulations.
Forms of Distribution. Unless otherwise required under applicable laws, distribution shall be made in cash or in kind in any one or more of the following ways:
(a) a lump sum payment of the total Account balance
(b) installments for a period certain not to exceed the life expectancy of the Participant or the Participant’s designated Beneficiary or the joint lives and last survivor expectancies of the Participant and the Participant’s designated Beneficiary; or
(c) a combination of (a) and (b).
Forms of Distribution. Unless the Participant’s Account is distributed in the form of an annuity purchased from an insurance company or in a single-sum on or before the Automatic Distribution Date, as of the first Distribution Calendar Year, distributions will be made in accordance with Sections 7.06 and 7.07. If the Participant’s Account is distributed in the form of an annuity contract purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Income Tax Regulations.
Forms of Distribution. (a) Subject to the rules regarding the manner of making an election set forth in Section 8.6 and the rules of Section 8.1(b), a Participant may elect to have his or her vested Account Value distributed in any of the following forms of distribution:
(i) a joint and survivor annuity under which the Participant will receive an actuarially reduced monthly benefit during his or her lifetime with such payments to continue after the Participant's death to a Beneficiary designated by the Participant as a monthly benefit in the amount of 50%, 66-2/3%, 75% or 100% of the monthly benefit received by the Participant during his or her lifetime;
(ii) an annuity, payable monthly for the life of the Participant, with no benefits paid thereafter;
(iii) payment to the Participant of an actuarially reduced monthly benefit for the life of the Participant, with benefit payments guaranteed to the Participant or the Participant's Beneficiary for either one hundred eighty, one hundred twenty or sixty months;
(iv) monthly installments for one hundred eighty, one hundred twenty or sixty months, with any unpaid amounts at the Participant's death paid to the Participant's Beneficiary in a lump sum;
(v) annual installments for fifteen, ten or five years, with any unpaid amounts at the Participant's death paid to the Participant's Beneficiary in a lump sum;
(vi) a cash lump sum;
(vii) a lump sum payment of some or all of the Participant's Stock Account Value in kind, by issuance of Stock, with any fractional or remaining shares of Stock paid in cash;
(viii) a combination of the above.
(b) In the event a Participant elects to receive his or her vested Account Value in more than one of the above forms of distribution, the Participant shall specify the dollar amount or percentage of the vested Account Value to be paid in each form of distribution. In the event a Participant elects to receive any portion of his or her vested Account Value in installments, the installments shall be provided from a Group Annuity Contract or individual annuity contract purchased from the Insurer.
Forms of Distribution. Unless a Participant's interest is distributed in the form of a single sum on or before the Required Beginning Date, as of the first year for which a distribution is required, distributions will be made in accordance with the Participant’s or Beneficiary’s election under Section 9.1, provided such election meets the requirements of this Section; or, if no such election is made, then in accordance with the Code and Treasury Regulations provisions incorporated by reference.