Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONE) Single lump sum payment OR in Three annual installments Five annual installments Ten annual installments I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 2 contracts
Sources: Time Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/), Deferred Compensation Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONEcheck one) Single in a single lump sum payment OR in Three annual installments Five annual installments Ten annual installments I understand that Plan distributions made on account for of reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and at least one year prior to the date of distribution to the extent permitted by the Plan.
Appears in 2 contracts
Sources: Time Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/), Time Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONESelect one) Single lump sum payment OR in Three annual installments Five annual installments Ten annual installments I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 2 contracts
Sources: Time Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/), Deferred Compensation Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONEcheck one) Single in a single lump sum payment OR in Three annual installments Five annual installments Ten annual installments I understand that Plan distributions made on account for of reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 2 contracts
Sources: Deferral Agreement (Progressive Corp/Oh/), Deferral Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONESelect one) ¨ Single lump sum payment OR in Lump Sum Payment ¨ Three annual installments Annual Installments ¨ Five annual installments Annual Installments ¨ Ten annual installments Annual Installments I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 1 contract
Sources: Gainsharing/Bonus Deferral Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONESelect one) • Single lump sum Lump Sum payment OR in • Three annual installments Annual Installments • Five annual installments Annual Installments • Ten annual installments Annual Installments I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 1 contract
Sources: Time Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONESelect one) Single lump sum payment OR in Lump Sum Payment Three annual installments Five annual installments Ten annual installments Annual Installments I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 1 contract
Sources: Gainsharing/Bonus Deferral Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONESelect one) ¨ Single lump sum Lump Sum payment OR in ¨ Three annual installments Annual Installments ¨ Five annual installments Annual Installments ¨ Ten annual installments Annual Installments I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 1 contract
Sources: Time Based Restricted Stock Unit Deferral Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONEcheck one) Single ¨ in a single lump sum payment OR in Three annual installments ¨ Five annual installments ¨ Ten annual installments ¨ I understand that Plan distributions made on account for of reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 1 contract
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONESelect one) Single lump sum Lump Sum payment OR in Three annual installments Five annual installments Ten annual installments Annual Installments I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 1 contract
Sources: Time Based Restricted Stock Unit Deferral Agreement (Progressive Corp/Oh/)
Method of Distribution. I hereby elect that any distribution of the balance of the Deferral Account established pursuant to this Agreement made on account of Termination of Employment or expiration of a Fixed Deferral Period be paid as follows: (CHECK ONE) Single lump sum payment ¨ OR in Three annual installments ¨ Five annual installments ¨ Ten annual installments ¨ I understand that Plan distributions made on account for reasons other than Termination of Employment or expiration of a Fixed Deferral Period will be made in a single lump sum payment, unless the Plan provides otherwise. I understand that I may change the method of distribution elected above only if and to the extent permitted by the Plan.
Appears in 1 contract
Sources: Time Based Restricted Stock Deferral Agreement (Progressive Corp/Oh/)