Common use of Forms of Distribution Clause in Contracts

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).