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DIS » Topics » 7.2 Time and Form of Payment for Pre-Commencement Death Benefit

These excerpts taken from the DIS 10-K filed Nov 20, 2008.

7.2 Time and Form of Payment for Pre-Commencement Death Benefit

 

(a) Time of Payment of Death Benefit. The Beneficiary’s Payment Date for the Pre-Commencement Death Benefit payable pursuant to Plan section 7.1 shall be the first day of the fourth calendar month next following the Beneficiary’s Payment Event.

 

(b) Form of Payment of Death Benefit. The Pre-Commencement Death Benefit payable under this Article 7 shall be paid to the Beneficiary in the form of a Single Life Annuity.

 

(c) Catch-Up Payments. Once payments commence, the Plan shall provide the Participant with a one-time payment equal to the amount of missed payments between the Benefit Calculation Date and the actual Payment Date.

 

(d) Earlier Payments. An earlier payment may be made, as determined by the Committee in its sole discretion, only to the extent that a permissible Code section 409A and related Treasury Regulations exception may be applied.

 

(e) Delayed Commencement. If the payment or commencement of any benefit due under this section is paid after the Beneficiary’s Payment Date, the benefit shall be paid without any interest adjustments for the delayed commencement.

7.2 Time and Form of Payment for Pre-Commencement Death Benefit

 

(a) Time of Payment of Death Benefit. The Beneficiary’s Payment Date for the Pre-Commencement Death Benefit payable pursuant to Plan section 7.1 shall be the first day of the fourth calendar month next following the Beneficiary’s Payment Event.

 

(b) Form of Payment of Death Benefit. The Pre-Commencement Death Benefit payable under this Article 7 shall be paid to the Beneficiary in the form of a Single Life Annuity.

 

(c) Catch-Up Payments. Once payments commence, the Plan shall provide the Participant with a one-time payment equal to the amount of missed payments between the Benefit Calculation Date and the actual Payment Date.

 

(d) Earlier Payments. An earlier payment may be made, as determined by the Committee in its sole discretion, only to the extent that a permissible Code section 409A and related Treasury Regulations exception may be applied.

 

(e) Delayed Commencement. If the payment or commencement of any benefit due under this Plan section is paid after the Beneficiary’s Payment Date, the benefit shall be paid without any interest adjustments for the delayed commencement.

7.2
Time and Form of Payment for Pre-Commencement Death Benefit

 





(a)Time of Payment of Death Benefit. The Beneficiary’s Payment Date for the Pre-Commencement Death Benefit payable pursuant to Plan section 7.1 shall be the
first day of the fourth calendar month next following the Beneficiary’s Payment Event.

 





(b)Form of Payment of Death Benefit. The Pre-Commencement Death Benefit payable under this Article 7 shall be paid to the Beneficiary in the form of a Single Life
Annuity.

 





(c)Catch-Up Payments. Once payments commence, the Plan shall provide the Participant with a one-time payment equal to the amount of missed payments between the Benefit
Calculation Date and the actual Payment Date.

 





(d)Earlier Payments. An earlier payment may be made, as determined by the Committee in its sole discretion, only to the extent that a permissible Code section 409A and related
Treasury Regulations exception may be applied.

 





(e)Delayed Commencement. If the payment or commencement of any benefit due under this section is paid after the Beneficiary’s Payment Date, the benefit shall be paid
without any interest adjustments for the delayed commencement.

EXCERPTS ON THIS PAGE:

10-K (3 sections)
Nov 20, 2008

RELATED TOPICS for DIS:

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