Normal form of payment. The Retirement Benefit shall be paid as an annuity for the life of Executive, unless Executive elects that payment be made as a joint and 100% survivor annuity or a joint and 50% survivor annuity (each an “Optional Form”), as described below.
Appears in 2 contracts
Sources: Employment Agreement (Vishay Intertechnology Inc), Employment Agreement (Vishay Intertechnology Inc)