Death Before Distribution Clause Samples

Death Before Distribution. Should the Participant die prior to ------------------------- distribution of the entire balance of his or her Deferred Compensation Account, the unpaid balance shall be paid to his or her beneficiary, as designated on the Participant's most recently effective Distribution Election, at the same time as such balance would have been paid to the Participant had he or she survived.

Death Before Distribution. If the Participant dies before distribution of his or her interest commences, any benefits payable because of the Participant's death will be distributed no later than the December 31 coincident with or next following the date which is five (5) years after the Participant's death, except to the extent that the recipient of such benefits elects to receive distributions in accordance with (A) and (B) below: (A) any portion of the Participant's interest which is payable to a designated beneficiary may be distributed in substantially equal installments over the life of the designated beneficiary, or over a period not extending beyond the life expectancy of the designated beneficiary, commencing no later than the December 31 coincident with or next following the date which is one (1) year after the Participant's death; (B) if the designated beneficiary is the Participant's surviving spouse, the date distributions are required to begin in accordance with (A) above shall not be earlier than the December 31 coincident with or next following the date on which the Participant would have attained age seventy and one-half (70-1/2), and, if the spouse dies before payments begin, subsequent distributions shall be made as if the spouse had been the Participant.