Common use of Normal form of payment Clause in Contracts

Normal form of payment. Except as provided in subsection (c) or (d) hereof, a Participant's Annual Retirement Benefit shall be paid in the form of a Single Life Annuity, commencing on the Participant's Benefit Commencement Date. 5. Section 3.6(d) is hereby amended by deleting said subsection in its entirety and by substituting in lieu thereof the following:

Normal form of payment. Except as provided in subsection (c) or (d) hereof, a Participant's Annual Retirement Benefit shall be paid in the form of a Single Life Annuity, commencing on the Participant's Benefit Commencement Date. 5. Section 3.6(d) is hereby amended by deleting said subsection in its entirety and by substituting in lieu thereof the following:(c)