Initial Payment Date

Initial Payment Date. Means the date determined by section 6 as the date on which distribution of a Participant's Account is to commence.

Initial Payment Date. Means, except as otherwise provided herein, the first day of the month coinciding with or next following the latest of (i) three (3) months after the date on which the Participant incurs a Termination of Employment, (ii) the Participant's fifty- fifth (55th) birthday, or (iii) such later date as the Participant elects in a writing filed with the Committee at least one (1) year prior to the Employee's Termination of Employment, provided that such election is approved by the Committee in its sole... discretion. Such an election may be revoked by the Participant by written notice filed with the Committee at least one (1) year prior to Termination of Employment. Any election made under the Prior Plan shall be deemed to be an election made under this Plan. View More