Common use of TEFRA ELECTIONS Clause in Contracts

TEFRA ELECTIONS. Notwithstanding the provisions of Sections 6.01, 6.02 and 6.03, if the Participant (or Beneficiary) signed a written distribution designation prior to January 1, 1984, the Plan Administrator must distribute the Participant's Vested Account Balance in accordance with that designation. This Section 6.09 does not apply to a pre-1984 distribution designation, and the Plan Administrator will not comply with that designation, if any of the following applies: (1) the method of distribution would have disqualified the Plan under Code (S)401(a)(9) as in effect on December 31, 1983; (2) the Participant did not have an Account Balance as of December 31, 1983; (3) the distribution designation does not specify the timing and form of the distribution and the death Beneficiaries (in order of priority); (4) the substitution of a Beneficiary modifies the payment period of the distribution; or, (5) the Participant (or Beneficiary) modifies or revokes the distribution designation. In the event of a revocation, the Plan must distribute, no later than December 31 of the calendar year following the year of revocation, the amount which the Participant would have received under Section 6.02 if the distribution designation had not been in effect or, if the Beneficiary revokes the distribution designation, the amount which the Beneficiary would have received under Section 6.02 if the distribution designation had not been in effect. The Plan Administrator will apply this Section 6.09 to rollovers and transfers in accordance with Part J of the Code (S)401(a)(9) Treasury regulations. * * * * * * * * * * * * * * *

TEFRA ELECTIONS. Notwithstanding the provisions of Sections 6.01, 6.02 and 6.03, if the Participant (or Beneficiary) signed a written distribution designation prior to January 1, 1984, (“TEFRA election”) the Plan Administrator must direct the Trustee to distribute the Participant's ’s Vested Account Balance in accordance with that designationelection, subject however, to the survivor annuity requirements, if applicable, of Sections 6.04, 6.05 and 6.06. This Section 6.09 6.11 does not apply to a pre-1984 distribution designationTEFRA election, and the Plan Administrator will not comply with that designationelection, if any of the following applies: (1) the elected method of distribution would have disqualified the Plan under Code (S)401(a)(9§401(a)(9) as in effect on December 31, 1983; (2) the Participant did not have an Account Balance as of December 31, 1983; (3) the distribution designation election does not specify the timing and form of the distribution and the death Beneficiaries (in order of priority); (4) the substitution of a Beneficiary modifies the distribution payment period of the distributionperiod; or, (5) the Participant (or Beneficiary) modifies or revokes the distribution designationelection. In the event of a revocation, the Plan Trustee must distribute, no later than December 31 of the calendar year following the year of revocation, the amount which the Participant would have received under Section 6.02 if the distribution designation had not been in effect or, if the Beneficiary revokes the distribution designation, the amount which the Beneficiary would have received under Section 6.02 if the distribution designation had not been in effect. The Plan Administrator will apply this Section 6.09 6.11 to rollovers and transfers in accordance with Part J of the Code (S)401(a)(9§401(a)(9) Treasury regulations. * * * * * * * * * * * * * * *.

TEFRA ELECTIONS. Notwithstanding the provisions of Sections 6.01, 6.02 and 6.03, if the Participant (or for Beneficiary) signed a written distribution designation prior to January 1, 1984, (“TEFRA election”) the Plan Administrator must direct the Trustee to distribute the Participant's ’s Vested Account Balance in accordance with that designationelection, subject however, to the survivor annuity requirements, if applicable, of Sections 6.04, 6.05 and 6.06. This Section 6.09 6.11 does not apply to a pre-1984 distribution designationTEFRA election, and the Plan Administrator will not comply with that designationelection, if any of the following applies: (1) the elected method of distribution would have disqualified the Plan under Code (S)401(a)(9§401(a)(9) as in effect on December 31, 1983; (2) the Participant did not have an Account Balance as of December 31, . 1983; (3) the distribution designation election does not specify the timing and form of the distribution and the death Beneficiaries (in order of priority); (4) the substitution of a Beneficiary modifies the distribution payment period of the distributionperiod; or, (5) the Participant (or Beneficiary) modifies or revokes the distribution designationelection. In the event of a revocation, the Plan Trustee must distribute, no later than December 31 of the calendar year following the year of revocation, the amount which the Participant would have received under Section 6.02 if the distribution designation had not been in effect or, if the Beneficiary revokes the distribution designation, the amount which the Beneficiary would have received under Section 6.02 if the distribution designation had not been in effect. The Plan Administrator will apply this Section 6.09 6.11 to rollovers and transfers in accordance with Part J of the Code (S)401(a)(9§401(a)(9) Treasury regulations. * * * * * * * * * * * * * * *Table of Contents

TEFRA ELECTIONS. Notwithstanding the provisions of Sections 6.01, 6.02 and 6.03, if the Participant (or Beneficiary) signed a written distribution designation prior to January 1, 1984, ("TEFRA election") the Plan Administrator must direct the Trustee to distribute the Participant's Vested Account Balance in accordance with that designationelection, subject however, to the survivor annuity requirements, if applicable, of Sections 6.04, 6.05 and 6.06. This Section 6.09 6.11 does not apply to a pre-1984 distribution designationTEFRA election, and the Plan Administrator will not comply with that designationelection, if any of the following applies: (1) the elected method of distribution would have disqualified the Plan under Code (S)401(a)(9ss.401(a)(9) as in effect on December 31, 1983; (2) the Participant did not have an Account Balance as of December 31, 1983; (3) the distribution designation election does not specify the timing and form of the distribution and the death Beneficiaries (in order of priority); (4) the substitution of a Beneficiary modifies the distribution payment period of the distributionperiod; or, (5) the Participant (or Beneficiary) modifies or revokes the distribution designationelection. In the event of a revocation, the Plan Trustee must distribute, no later than December 31 of the calendar year following the year of revocation, the amount which the Participant would have received under Section 6.02 if the distribution designation had not been in effect or, if the Beneficiary revokes the distribution designation, the amount which the Beneficiary would have received under Section 6.02 if the distribution designation had not been in effect. The Plan Administrator will apply this Section 6.09 6.11 to rollovers and transfers in accordance with Part J of the Code (S)401(a)(9ss.401(a)(9) Treasury regulations. * * * * * * * * * * * * * * *.