Common use of Modification of Payment Date Clause in Contracts

Modification of Payment Date. I hereby modify my prior Payment Date and designate the first day of the calendar quarter following the event designated below as my new Payment Date for the amounts credited to my Deferral Account [place an “X” preceding your choice and fill in the missing information, as applicable]: (a) 1, . [Select the first month in any calendar quarter, and insert any year at least five years after your previously designated date] (b) Termination of my service as a Trustee with respect to all Funds. (c) The later of (a) 1, [fill in month and year from (a) above] or (b) termination of my service as a Trustee with respect to all Funds. (d) The earlier of (a) 1, [fill in month and year from (a) above] or (b) termination of my service as a Trustee with respect to all Funds. 1 To stop deferrals of compensation, enter “zero” and “0” in these blanks. (i) Any change in Payment Date cannot accelerate a payment. If you have elected installment payments and would like to change to a lump sum, your earliest payment date would be five years after the date the last installment payment would have been made. (ii) Any change in Payment Date must be received by the Plan Administrator at least 12 months before the payment would have otherwise been made and be effective for at least 12 months before payment is made. For example, if you elected a lump sum payment in July 2012, your Modification Form must be received by July 2011. (iii) Any change in Payment Date must defer payment for at least five years after the amount would otherwise have been paid, interpreted in accordance with regulations adopted under 409A. For example, if you elected a lump sum in July 2012, you must defer the receipt of the payment until at least July 2017.

Modification of Payment Date. I hereby modify my prior Payment Date and designate the first day of the calendar quarter following the event designated below as my new Payment Date for the amounts credited to my Deferral Account [place an “X” preceding your choice and fill in the missing information, as applicable]: : ____ (a) ___________ 1, ____. [Select the first month in any calendar quarter, and insert any year at least five years after your previously designated date] ] ____ (b) Termination of my service as a Trustee with respect to all Funds. . ____ (c) The later of (a) ______________ 1, _____ [fill in month and year from (a) above] or (b) termination of my service as a Trustee with respect to all Funds. . ____ (d) The earlier of (a) _____________ 1, _____ [fill in month and year from (a) above] or (b) termination of my service as a Trustee with respect to all Funds. 1 To stop deferrals of compensation, enter “zero” and “0” in these blanks. (i) Any change in Payment Date cannot accelerate a payment. If you have elected installment payments and would like to change to a lump sum, your earliest payment date would be five years after the date the last installment payment would have been made. (ii) Any change in Payment Date must be received by the Plan Administrator at least 12 months before the payment would have otherwise been made and be effective for at least 12 months before payment is made. For example, if you elected a lump sum payment in July 2012, your Modification Form must be received by July 2011. (iii) Any change in Payment Date must defer payment for at least five years after the amount would otherwise have been paid, interpreted in accordance with regulations adopted under 409A. For example, if you elected a lump sum in July 2012, you must defer the receipt of the payment until at least July 2017.

Modification of Payment Date. I hereby modify my prior Payment Date and designate the first day of the calendar quarter following the event designated below as my new Payment Date for the amounts credited to my Deferral Account [place an “X” preceding your choice and fill in the missing information, as applicable]: (a) 1, . [Select the first month in any calendar quarter, and insert any year at least five years after your previously designated date] (b) Termination of my service as a Trustee with respect to all Funds. (c) The later of (a) 1, [fill in month and year from (a) above] or (b) termination of my service as a Trustee with respect to all Funds. (d) The earlier of (a) 1, [fill in month and year from (a) above] or (b) termination of my service as a Trustee with respect to all Funds. 1 To stop deferrals of compensation, enter “zero” and “0” in these blanks. (i) Any change in Payment Date cannot accelerate a payment. If you have elected installment payments and would like to change to a lump sum, your earliest payment date would be five years after the date the last installment payment would have been made. (ii) Any change in Payment Date must be received by the Plan Administrator at least 12 months before the payment would have otherwise been made and be effective for at least 12 months before payment is made. For example, if you elected a lump sum payment in July 2012, your Modification Form must be received by July 2011. (iii) Any change in Payment Date must defer payment for at least five years after the amount would otherwise have been paid, interpreted in accordance with regulations adopted under 409A. For example, if you elected a lump sum in July 2012, you must defer the receipt of the payment until at least July 2017.