Common use of Limits on Distribution Periods Clause in Contracts

Limits on Distribution Periods. As of the first distribution calendar year, distributions, if not made in a single-sum, may only be made over one of the following periods (or a combination thereof): i. the life of the Participant, -------------------------------------------------------------------------------- ARTICLE X -- Form and Manner of Benefit Distributions Page 63 Basic Plan Document #03 - Defined Benefit ----------------------------------------- ii. the life of the Participant and a designated beneficiary, iii. a period certain not extending beyond the life expectancy of the Participant, or

Appears in 1 contract

Sources: Adoption Agreement (Environmental Power Corp)

Limits on Distribution Periods. As of the first distribution calendar year, distributions, if not made in a single-sum, may only be made over one of the following periods (or a combination thereof): ): i. the life of the Participant, -------------------------------------------------------------------------------- ___________________________________________________ ARTICLE X -- - Form and Manner of Benefit Distributions Page 63 Basic Plan Document #03 - Defined Benefit ----------------------------------------- ii. the life of the Participant and a designated beneficiary, iii. a period certain not extending beyond the life expectancy of the Participant, oror iv. a period certain not extending beyond the joint and last survivor expectancy of the Participant and a designated beneficiary.

Appears in 1 contract

Sources: Defined Benefit Plan and Trust Agreement