INSTALLMENT METHOD

INSTALLMENT METHOD. Annual installment payments over a period of five (5) years, selected by the Participant in accordance with the 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 notional earnings in accordance with Section 7. For purposes of the Plan and Section... 409A of the Code, the right to receive benefit payments in installment payments shall be treated as the entitlement to a single payment. EXHIBIT 10.9 View More