Common use of OPTIONAL FORMS OF BENEFIT Clause in Contracts

OPTIONAL FORMS OF BENEFIT. A Participant may elect, in accordance with Section 6.3, to receive the Participant’s benefits in one of the following optional forms: (a) an Individual Life Annuity; or (b) a 50% or 100% joint and survivor annuity, with the Participant’s Beneficiary as the survivor.

Appears in 2 contracts

Sources: Union Hourly Employees’ Retirement Plan (FMC Technologies Inc), Employees’ Retirement Program (FMC Technologies Inc)