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ALL » Topics » Time of Distribution

This excerpt taken from the ALL 8-K filed Apr 18, 2008.

Time of Distribution

 

             The Pension Enhancement Benefit shall be paid to Mr. Liddy on the date that is 6 months following the date of his separation from service.  Accordingly, assuming an April 30, 2008 separation from service date, payment will be made on November 1, 2008.  Interest shall accrue in accordance with the interest crediting provisions for mandatory delayed payments under the SRIP and shall be paid concurrent with the Pension Enhancement Benefit.  In the event of Mr. Liddy’s death prior to payment of the Pension Enhancement Benefit, such benefit shall be distributed to Mr. Liddy’s beneficiary, as determined under the ARP, upon his death and shall not be subject to a six-month delay.

 

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