Common use of Lump Sum Benefit Clause in Contracts

Lump Sum Benefit. In the event that a lump sum election was made and is in effect, the computation of a single sum benefit shall be determined as provided in Section 2.1.

Lump Sum Benefit. In the event that a lump sum payment election was made and is in effect, the computation of a single sum benefit shall be determined as provided in Section 2.1.