§ 2.40.120. Distribution.

(a)

Distribution to the participant or the estate of a beneficiary of the participant shall be made from the account of the participant to the extent thereof, subject to the vesting provisions of Sections 2.40.260 through 2.40.290 in any one (1) or more of the following methods:

(1)

Cash; or

(2)

In equal installments over a fixed period of time.

(b)

The distribution of the participant's account to the extent thereof, subject to the vesting provisions of Sections 2.40.260 through 2.40.290, shall be made by the Trustee as follows:

(1)

In one lump sum; or

(2)

In equal installments over a fixed period of time.

(Ord. 905 §1, 1985; Ord. 836 §2, 1982; Ord 763(part), 1978; Ord 672 Art. 4, §1, 1973)