Common use of PRESENT VALUE OF PAYMENTS Clause in Contracts

PRESENT VALUE OF PAYMENTS. Any method of payment of benefits shall result in the present value of payments to be paid to the Participant being greater than fifty percent (50%) of the present value of the total benefits to be paid to the Participant and his Beneficiary.

Appears in 2 contracts

Sources: Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp), Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp)