Common use of PAYMENT OF ANNUITY BENEFITS Clause in Contracts

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the entire interest of the Annuitant will be distributed or begin to be distributed, no later than the first day of April following the calendar year in which the Annuitant attains 70 years and 6 months ("Required Beginning Date"). The entire interest may be distributed, as elected pursuant to the Plan and this Contract, over (a) the life of the Annuitant, or the lives of the Annuitant and a designated beneficiary, or (b) a period certain not extending beyond the Annuitant's life expectancy, or the joint and last survivor life expectancy of the Annuitant and a designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A F-3 of Section 1.401(a)(9)-1 of the Proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless otherwise elected prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies after distribution of the interest described in the first paragraph of this Section has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies before distribution of the interest described in the first paragraph of this Section begins, distribution of the entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the entire interest of the Annuitant will be distributed or begin to be distributed, no later than the first day of April following the calendar year in which the Annuitant attains 70 years and 6 months ("Required Beginning Date"). The entire interest may be distributed, as elected pursuant to the Plan and this Contract, over (a) the life of the Annuitant, or the lives of the Annuitant and a designated beneficiary, or (b) a period certain not extending beyond the Annuitant's life expectancy, or the joint and last survivor life expectancy of the Annuitant and a designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless otherwise elected prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies after distribution of the interest described in the first paragraph of this Section has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies before distribution of the interest described in the first paragraph of this Section begins, distribution of the entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the Your entire interest of the Annuitant in this Contract will be distributed or begin to be distributeddistributed in accordance with Section 401(a)(9) of the Code and the applicable Treasury Regulations thereunder, no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date")) or such later date as specified in such section or regulations. The Your entire interest may be distributed, as elected pursuant to the Plan and this Contract, you elect over (a) the life of the Annuitantlife, or the lives of the Annuitant you and a or your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing non-increasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of 401(a)(9)(G)of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section Contract begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the Your entire interest of the Annuitant in this Contract will be distributed or begin to be distributed, in accordance with Section 401(a)(9) of the Code and the applicable Treasury Regulations thereunder no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date"). The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing non-increasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the Your entire interest of the Annuitant in this Contract will be distributed or begin to be distributed, in accordance with Section 401(a)(9) of the Code and the applicable Treasury Regulations thereunder no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date"). The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing non-increasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 six months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the Your entire interest of the Annuitant in this Contract will be distributed or begin to be distributed, in accordance with Section 401(a)(9) of the Code and the applicable Treasury Regulations thereunder no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date"). The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing non-increasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant Distributions attributed to Sections 457(dContributions of Transferred Funds pursuant to Section 2.01 (where you have provided to us written evidence of such balance as of December 31, 1986) and 401(a)(9) must commence no later than age 75. Such distributions will be made in the normal Form of the CodeAnnuity Benefit, unless you elect to take payments in a single sum or another form of Annuity Benefit then offered by us. Your entire interest in this Contract attributable to all other Contributions made, and subject to the terms of the Planearnings credited thereon must be distributed, the entire interest of the Annuitant will be distributed or begin to be distributed, distributed no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date"). The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 403(b)(10) and 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the Your entire interest of the Annuitant in this Contract will be distributed or begin to be distributed, in accordance with Section 401(a)(9) of the Code and the applicable Treasury Regulations thereunder, no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date")) or such later date as specified in such Section or regulations. The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables Table V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the Your entire interest of the Annuitant in this Contract will be distributed or begin to be distributed, in accordance with Section 401(a)(9) of the Code and the applicable Treasury Regulations thereunder, no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date")) or such later date as specified in such Section or regulations. The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(940(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the the. Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant Distributions attributed to Sections 457(d) and 401(a)(9) Contributions of Transferred Funds pursuant to Section 2.01 (where you have provided to us written evidence of such balance as of December 31, 1986 must commence no later than age 75. Such distributions will be made in the Codenormal Form of Annuity Benefit, unless you elect to take payments in a single sum or another form of Annuity Benefit then offered by us. Your entire interest in this Contract attributable to all other Contributions made, and subject to the terms of the Planearnings credited hereon must be distributed, the entire interest of the Annuitant will be distributed or begin to be distributed, distributed no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date"). The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 403(b)(10) and 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, months and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant Distributions attributed to Sections 457(dContributions of Transferred Funds pursuant to Section 2.01 (where you have provided to us written evidence of such balance as of December 31, 1986) and 401(a)(9) must commence no later than age 75. Such distributions will be made in the normal form of the CodeAnnuity Benefit, unless you elect to take payments in a single sum or another form of Annuity Benefit then offered by us. Your entire interest in this Contract attributable to all other Contributions made, and subject to the terms of the Planearnings credited thereon must be distributed, the entire interest of the Annuitant will be distributed or begin to be distributed, distributed no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date"). The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 403(b)(10) and 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless 9 unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, months and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the entire interest of the Annuitant will be distributed or begin to be distributed, no later than the first day of April following the calendar year in which the Annuitant attains 70 years and 6 months ("Required Beginning Date"). The entire interest may be distributed, as elected pursuant to the Plan and this Contract, over (a) the life of the Annuitant, or the lives of the Annuitant and a designated beneficiary, or (b) a period certain not extending beyond the Annuitant's life expectancy, or the joint and last survivor life expectancy of the Annuitant and a designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G401 (a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.04, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless otherwise elected prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies after distribution of the interest described in the first paragraph of this Section has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies before after distribution of the interest described in the first paragraph of this Section begins, distribution of the entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant to Sections 457(d) and 401(a)(9) of the Code, and subject to the terms of the Plan, the Your entire interest of the Annuitant in this Contract will be distributed or begin to be distributeddistributed in accordance with Section 401(a)(9) of the Code and the applicable Treasury Regulations thereunder, no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date")) or such later date as specified in such section or regulations. The Your entire interest may be distributed, as elected pursuant to the Plan and this Contract, you elect over (a) the life of the Annuitantlife, or the lives of the Annuitant you and a or your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section Contract begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below:

PAYMENT OF ANNUITY BENEFITS. Pursuant Distributions attributed to Sections 457(dContributions of Transferred Funds pursuant to Section 2.01 (where you have provided to us written evidence of such balance as of December 31, 1986) and 401(a)(9) must commence no later than age 75. Such distributions will be made in the normal form of the CodeAnnuity Benefit, unless you elect to take payments in a single sum or another form of Annuity Benefit then offered by us. Your entire interest in this Contract attributable to all other Contributions made, and subject to the terms of the Planearnings credited thereon must be distributed, the entire interest of the Annuitant will be distributed or begin to be distributed, distributed no later than the first day of April following the calendar year in which the Annuitant attains you attain age 70 years and 6 months ("Required Beginning Date"). The Your entire interest may be distributed, as elected pursuant to the Plan and this Contractyou elect, over (a) the life of the Annuitantyour life, or the lives of the Annuitant you and a your designated beneficiary, or (b) a period certain not extending beyond the Annuitant's your life expectancy, or the joint and last survivor life expectancy of the Annuitant you and a your designated beneficiary. Distributions must be made in periodic payments at intervals of no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A Q & A F-3 of Section 1.401(a)(9)-1 of the Proposed proposed Treasury Regulations, or any successor Regulation thereto. All distributions made hereunder shall be made in accordance with the requirements of Section 403(b)(10) and 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code, and applicable Treasury Regulations, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the Proposed Treasury Regulations, or any successor Regulation thereto. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, any distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. For purposes of determining the "period certain" referred to in the first paragraph of this Section, life expectancy is computed by use of the expected return multiples in Tables V and VI of Treasury Regulation Section 1.72-9. Unless 9 unless you otherwise elected elect prior to the time distributions are required to begin, those life expectancies shall be recalculated annually. Such election shall be irrevocable and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which the Annuitant attains you attain age 70 years and 6 months, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. If the Annuitant dies you die after distribution of the your interest described in the first paragraph of this Section Contract has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Annuitant's your death. Notwithstanding the above paragraphs and the following paragraphs of this Section 3.05, while any distribution shall be subject to such requirements of the Code and regulations, and distribution shall also be subject to the terms of this Contract. That is, the forms of distribution shall be those which are made available by us at the time of your election. If the Annuitant dies you die before distribution of the your interest described in the first paragraph of this Section begins, distribution of the your entire interest shall be completed no later than December 31 of the calendar year containing the fifth anniversary of the Annuitant's your death, except to the extent that an election is made to receive death benefit distributions in accordance with (1) or (2) below: