Installment Distribution definition

Installment Distribution means a distribution of the entire amount in regular annual installments over a fixed number of years, not to exceed ten years, selected by the Participant or Beneficiary electing such distribution. The amount of each annual installment shall be determined by dividing the value of the Account as of the most recent Valuation Date by the number of remaining installments. The remaining balance of the Account shall be held in Trust

Installment Distribution means a series of quarterly installments paid on the first day of January, April, July and October over the five (5), ten (10) or fifteen (15) year period beginning on the first day of the first quarter beginning at least 45 days after the date of a

Installment Distribution means a distribution elected by a Participant, Beneficiary or alternate payee (as applicable) that (1) requires equal payments to be made monthly, quarterly, or annually; (2) the distributee may, with written notice, terminate prospectively; (3) automatically terminates on death of the distributee; and (4) as to a Participant, automatically terminates if the Participant is rehired. Single sum, lump sum, and partial distributions are not Installment Distributions. No Installment Distribution payment may exceed the distributee’s Nonforfeitable Account Balance, Section 9.6 applies notwithstanding a distributee’s election of Installment Distributions and once an Installment Distribution has begun, Section 9.11(a) no longer applies to such Installment Distribution.

Installment Distribution means a series of quarterly installments, as elected by the Participant pursuant to Section 5.2, paid in January, April, July and October over a five (5), ten (10) or fifteen (15) year period.