Common use of Timing of Distributions Clause in Contracts

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x Monthly on specified day 15th [insert day] (C) ¨ Annually on specified month and day [insert month and day] (D) ¨ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x ¨ Monthly on specified day 15th [insert day] (C) ¨ Semi-Annually on specified month and day (January 1 or July 1) [insert month and day] (D) ¨ x Calendar quarter on specified month and day [ [1st month of quarter (insert 1,2 or 3); 1st business_ day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ x Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for six (6) months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ¨ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x Monthly on specified day 15th [insert day] (C) ¨ Annually on specified month and day [insert month and day] (D) ¨ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); __ day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for six (6) months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ X As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x Monthly on specified day 15th [insert day] (C) ¨ Annually on specified month and day [insert month and day] (D) ¨ Calendar quarter on specified month and day [ [month of quarter (insert 1,2 or 3); day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ X Event Delay – Distribution events other than those based on Specified Date Date, Specified Age, death or Specified Age Change in Control will be treated as not having occurred for six (6) months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x ¨ Monthly on specified day 15th [insert day] (C) ¨ x Annually on specified month and day April 10 [insert month and day] (D) ¨ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); __ day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x ¨ Monthly on specified day 15th [insert day] (C) ¨ Annually on specified month and day [insert month and day] (D) ¨ x Calendar quarter on specified month and day [ 1st business day of 1st month of quarter (insert 1,2 or 3); day (insert day)]quarter; (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ x Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of six (6) months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ¨ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ ☐ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x ☒ Monthly on specified day 15th [insert day]first day of month (C) ¨ ☐ Annually on specified month and day [insert month and day] (D) ¨ ☐ Calendar quarter on specified month and day [ [insert month of and day] Q[insert numerical quarter (insert 1,2 1, 2, 3, or 3); day (insert day)4] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ ☐ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months].] months (B) ¨ ☐ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ ☐ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ☒ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x Monthly on specified day 15th 10th of each month [insert day] (C) ¨ Annually on specified month and day [insert month and day] (D) ¨ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ Event Delay – — Distribution events other than those based on Specified Date or Specified Age Age, Death, or Disability will be treated as not having occurred for months [insert number of months]. (B) ¨ Hold Until Next Year – — Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – — The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ¨ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ ☒ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x ☐ Monthly on specified day 15th [insert day] (C) ¨ ☐ Annually on specified month and day [insert month and day] (D) ¨ ☐ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ ☐ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months]. (B) ¨ ☐ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ ☐ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ☐ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d1.409A- 3(d). (B) x Monthly Calendar quarter on specified month and day 15th [______ month of quarter (insert 1,2 or 3); ______day (insert day)] (C) ¨ Annually Calendar quarter on specified month and day [______ month of quarter (insert month and 1,2 or 3); ______day (insert day)] (D) ¨ Calendar quarter on specified month and day [ [______ month of quarter (insert 1,2 or 3); ______day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ x Event Delay – - Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for six (6) months [insert number of months]. (B) ¨ Hold Until Next Year – - Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – - The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ¨ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ o As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d).event (B) x þ Monthly on specified day 15th 15 [insert day] (C) ¨ o Annually on specified month and day [insert month and day] (D) ¨ o Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ þ Event Delay – — Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months 60 days [insert number of monthsdays]. (B) ¨ o Hold Until Next Year – — Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ o Immediate Processing – — The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x o Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ ☐ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x ☒ Monthly on specified day 15th [insert day] (C) ¨ ☐ Annually on specified month and day [insert month and day] (D) ¨ ☐ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); __ day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ ☐ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months]. (B) ¨ ☐ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ ☐ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ☒ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x Monthly on specified day 15th day of the month following the end of the month in which the sixth month anniversary of the Participant’s Separation of Service or Disability occurs [insert day] (C) ¨ Annually on specified month and day [insert month and day] (D) ¨ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ x Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ¨ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x Monthly on specified day 15th [insert day] (C) ¨ Annually on specified month and day [insert month and day] (D) ¨ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); __ day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ þ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d).event (B) x o Monthly on specified day 15th [insert day] (C) ¨ o Annually on specified month and day [insert month and day] (D) ¨ o Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ o Event Delay – — Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months]30 days. (B) ¨ o Hold Until Next Year – — Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ o Immediate Processing – — The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x þ Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ o As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x Monthly on specified day 15th 1st [insert day] (C) ¨ o Annually on specified month and day ______[insert month and day] (D) ¨ o Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); __ day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ x Event Delay – - Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for six (6) months [insert number of months]. (B) ¨ o Hold Until Next Year – - Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ o Immediate Processing – - The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x o Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ o As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x o Monthly on specified day 15th [insert day]___ (C) ¨ x Annually on specified month and day [insert month and day]August 1st for all distribution types except upon death. Distributions upon death will be paid as soon as administratively feasible. (D) ¨ o Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ x Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for 6 (Six) months [insert number of months]. (B) ¨ o Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ o Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]] and will be processed on January 1 following the distribution event: (D) x o Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [(choose one]:): (A) ¨ x As soon as administratively feasible following of the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d).event (B) x o Monthly on specified day 15th [_______ (insert day]) (C) ¨ o Annually on specified month and day [_______ (insert month and day]) (D) ¨ o Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); day _______ (insert day)]) Note: A six month delay for certain distributions to Key Employees of publicly traded companies will apply. (ii) The timing of distributions as determined in Section 6.01(a)(i6.01a.(i) shall be modified by the adoption of: (A) ¨ x Event Delay – Distribution - distribution events (other than those based on Specified Date or Specified Age Age) will be treated as not having occurred for months [30 days (insert number of months]days). (B) ¨ o Hold Until Next Year – Distribution - distribution events (other than those based on Specified Date or Specified Age Age) will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other casesevent. (C) ¨ o Immediate Processing – The - If Section 6.01a(i)(A) is not selected above, the Participant may elect to override the timing method selected by the Plan Sponsor Employer under Section 6.01(a)(i6.01a(i) shall be overridden for the following distribution events [(insert events]: (D) x Not applicable.). _______ _______

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x X Monthly on specified day 15th [insert day] (C) ¨ Annually on specified month and day [insert month and day] (D) ¨ Calendar quarter on specified month and day [ month of quarter (insert 1,2 or 3); __ day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x X Not applicable.

Timing of Distributions. (i) All distributions shall commence in accordance with the following [choose one]: (A) ¨ As soon as administratively feasible following the distribution event but in no event later than the time prescribed by Treas. Reg. Sec. 1.409A-3(d). (B) x ¨ Monthly on specified day 15th [insert day] (C) ¨ Semi-Annually on specified month and day (January 1 or July 1) [insert month and day] (D) ¨ þ Calendar quarter on specified month and day [ [1st month of quarter (insert 1,2 or 3); 1st business_ day (insert day)] (ii) The timing of distributions as determined in Section 6.01(a)(i) shall be modified by the adoption of: (A) ¨ þ Event Delay – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for six (6) months [insert number of months]. (B) ¨ Hold Until Next Year – Distribution events other than those based on Specified Date or Specified Age will be treated as not having occurred for twelve months from the date of the event if payment pursuant to Section 6.01(a)(i) will thereby occur in the next calendar year or on the first payment date in the next calendar year in all other cases. (C) ¨ Immediate Processing – The timing method selected by the Plan Sponsor under Section 6.01(a)(i) shall be overridden for the following distribution events [insert events]: (D) x ¨ Not applicable.