Common use of Year Rule to Distributions to Designated Beneficiaries Clause in Contracts

Year Rule to Distributions to Designated Beneficiaries. o If the Participant dies before distributions begin and there is a designated beneficiary, distribution to the designated beneficiary is not required to begin by the date specified in the Plan, but the Participant’s entire interest will be distributed to the designated beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. If the Participant’s surviving spouse is the Participant’s sole designated beneficiary and the surviving spouse dies after the Participant but before distributions to either the Participant or the surviving spouse begin, this election will apply as if the surviving spouse were the Participant. If the above is elected, then this election will apply to:

Year Rule to Distributions to Designated Beneficiaries. o If the Participant dies before distributions begin and there is a designated beneficiaryDesignated Beneficiary, distribution to the designated beneficiary Designated Beneficiary is not required to begin by the date specified in the Plan, Plan Document but the Participant’s entire interest will be distributed to the designated beneficiary Designated Beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. If the Participant’s surviving spouse Spouse is the Participant’s sole designated beneficiary Designated Beneficiary and the surviving spouse Spouse dies after the Participant but before distributions to either the Participant or the surviving spouse Spouse begin, this election will apply as if the surviving spouse Spouse were the Participant. If the above is elected, then this This election will apply to:

Year Rule to Distributions to Designated Beneficiaries. o If the Participant dies before distributions begin and there is a designated beneficiaryBeneficiary, distribution to the designated beneficiary Beneficiary is not required to begin by the date specified in paragraph 17.7 of the Plan, Basic Plan Document #01 but the Participant’s entire interest will be distributed to the designated beneficiary Beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. If the Participant’s surviving spouse Spouse is the Participant’s sole designated beneficiary Beneficiary and the surviving spouse Spouse dies after the Participant but before distributions to either the Participant or the surviving spouse Spouse begin, this election will apply as if the surviving spouse Spouse were the Participant. If the above is elected, then this This election will apply to:

Year Rule to Distributions to Designated Beneficiaries. o If the Participant dies before distributions begin and there is a designated beneficiary, distribution to the designated beneficiary is not required to begin by the date specified in the Plan, but the Participant’s 's entire interest will be distributed to the designated beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s 's death. If the Participant’s 's surviving spouse is the Participant’s 's sole designated beneficiary and the surviving spouse dies after the Participant but before distributions to either the Participant or the surviving spouse begin, this election will apply as if the surviving spouse were the Participant. If the above is elected, then this election will apply to:

Year Rule to Distributions to Designated Beneficiaries. o [ ] If the Participant dies before distributions begin and there is a designated beneficiary, distribution to the designated beneficiary is not required to begin by the date specified in the Plan, but the Participant’s entire interest will be distributed to the designated beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. If the Participant’s surviving spouse is the Participant’s sole designated beneficiary and the surviving spouse dies after the Participant but before distributions to either the Participant or the surviving spouse begin, this election will apply as if the surviving spouse were the Participant. If the above is elected, then this election will apply toto [ ] All distributions. [ ] The following distributions: