Installment Method definition

Installment Method means monthly installment payments over a number of years selected by the Participant in accordance with this Plan. Each installment payment shall be calculated by multiplying the Account Balance of the Participant by a fraction, the numerator of which is one and the denominator of which is the remaining number of payments due the Participant. For purposes of this calculation, the Account Balance of the Participant (or the appropriate portion thereof) shall be calculated as of the close of business on or around the date of the Participant’s payment.
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Installment Method means a series of payments, payable either monthly or annually, over the number of years selected by the Participant. The Participant’s Annual Deferral Account shall be payable pursuant to a Monthly Installment Method over the number of years selected by the Participant in accordance with this Plan.
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Installment Method means the “installment method” as described in Section 453 of the Code.
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Examples of Installment Method in a sentence

  • Installment payments (to be completed only if item ii) – Installment Method is selected above): shall shall not be paid or continue to be paid to the Executive’s spouse after the death of the Executive.

  • Payment shall be made in a lump sum unless Employee elects to receive payment of his Account under an Annual Installment Method, as defined below.

  • Installment payments (to be completed only if item ii) – Installment Method is selected above): X shall shall not be paid or continue to be paid to the Executive’s spouse after the death of the Executive.

  • A Participant in connection with his or her commencement of participation in the Plan, shall elect on an Election Form to receive his or her Retirement Benefit in a lump sum or pursuant to a Quarterly Installment Method over 2 to 15 years.

  • A Participant, in connection with his or her commencement of participation in the Plan, shall elect on an Election Form to receive the Retirement Benefit in a lump sum or pursuant to an Annual Installment Method ranging from 2 to 10 years.

  • By way of example, if the Director elects a 10 year Annual Installment Method, the first payment shall be 1/10 of the Account balance.

  • No later than 60 days after March 31, 2004, PSE will commence paying ▇▇▇▇▇’▇ Account Balance in the Deferred Compensation Plan in 60 monthly payments as defined as a Monthly Installment Method in the Plan.

  • If the Participant's Account Balance at the time of his or her Termination of Employment is greater than that amount, payment of the Termination of Employment Benefit shall be made pursuant to an Annual Installment Method over 3 years.

  • A Participant, in ------------------------------------------- connection with his or her commencement of participation in the Plan, shall elect on an Election Form whether the Pre-Termination Survivor Benefit shall be received by his or her Beneficiary in a lump sum or pursuant to an Quarterly or Annual Installment Method of up to 60 quarters or 15 years.

  • Installment payments (to be completed only if item ii) - Installment Method is selected above and the Executive designates his or her spouse as beneficiary): X shall shall not be paid or continue to be paid to the Executive's spouse after the death of the Executive.


More Definitions of Installment Method

Installment Method means annual installment payments over a period of either five (5) or ten (10) years, selected by the Participant in accordance with this Plan. The amount of each installment shall be calculated by dividing the amount then subject to the installment payment by the number of installments then remaining to be made. The amount subject to installment payments that has not yet been paid shall continue to be credited/debited with additional amounts in accordance with Section 3.3. For purposes of this Plan, the right to receive benefit payments in installment payments shall be treated as the entitlement to a single payment.
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Installment Method means, for installment payments of benefits in pay status on or before February 28, 2000, the Monthly Installment Method; and shall mean, for installment payments of benefits commencing pay status on or after March 1, 2000, the Variable Retirement Installment Method.
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Related to Installment Method

  • Payment Method means, in relation to any sum stated to be payable or paid pursuant to the Agreement, account name, account number, bank name, swift code, bank code and branch code or wallet address, in the case of a sum stated to be payable or paid by cryptocurrency specified by the payee of such sum at least five Business Days prior to the date of payment to the payee and in the case of Coinllectibles to the account notified to the payer from time to time and the payment of the Sale Price to Coinllectibles, which shall be paid by the Purchaser as soon as practicable after each sale of the DOT.

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the Holder Pro Rata Amount of $1,437,500 and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of each unpaid Installment Amount hereunder.

  • Installment Date as defined in Section 2.12.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).