name / content / group

name: IN GENERAL

content: 306225

In General. Under this option, a payment shall be made to the Senior Manager for each month up to and including the month of the Senior Manager's death, at which time the remaining Account balance (adjusted to reflect such monthly distributions) shall be paid in a single lump sum to his or her Beneficiary. (b) Monthly Amount. The amount payable for any given month during the Senior Manager's lifetime shall be equal to the greater of (1) a fixed amount equal to two thirds of one percent of the Account balance as of the last business day of the month in which Termination of Employment occurs, or
In General. Under this option, a payment shall be made to the Senior Manager for each month up to and including the month of the Senior Manager's death, at which time the remaining Account balance (adjusted to reflect such monthly distributions) shall be paid in a single lump sum to his or her Beneficiary. (b) Monthly Amount. The amount payable for any given month during the Senior Manager's lifetime shall be equal to the greater of (1) a fixed amount equal to two thirds of one percent of the Account balance as of the last business day of the month in which Termination of Employment occurs, or (2) the amount by which the current balance exceeds the Account balance as of date on which distribution commenced.
In General. Under this option, a payment shall be made to the Senior Manager for each month up to and including the month of the Senior Manager's death, at which time the remaining ERA balance (adjusted to reflect such monthly distributions) shall be paid in a single lump sum to his or her Beneficiary. Payments shall commence as of the last business day of the month following the month in which Termination of Employment occurs. (b) Monthly Amount. The amount payable for any given month during the Senior Manager's lifetime shall be equal to the greater of (1) a fixed amount equal to two thirds of one percent of the ERA balance as of the last business day of the month following the month in which Termination of Employment occurs, or (2) the amount by which the current balance exceeds the balance as of date on which distribution commenced.