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<br /> 4.3 Actuarial Equivalence. <br /> <br /> Actuarial Equivalence for any optional form of benefit under this Plan shall be <br /> determined by the 1994 GAR and current annuity rates issued by a life insurance company <br /> selected by the Plan Administrator. <br /> 4.4 Direct Rollovers. <br /> This section applies to all distributions made on or after January 1, 1993. <br /> Notwithstanding any provision of the Plan to the contrary that would otherwise limit a <br /> distributee's election under this Plan, a distributee may elect, at the time and in the manner <br /> prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution paid <br /> directly to an eligible retirement plan specified by the distributee in a direct rollover. <br /> (a) Definitions. <br /> <br /> (1) Eligible Rollover Distribution. An eligible rollover distribution is any <br /> <br /> distribution of all or any portion of the balance to the credit of the distributee, except that <br /> an eligible rollover distribution does not include: any distribution that is one of a series of <br /> substantially equal periodic payments (not less ttequently than annually) made for the life <br /> (or life expectancy) of the distributee or the joint lives (or joint life expectancies) of the <br /> distributee and the distributee's designated beneficiary, or for a specified period of ten <br /> years or more; any distribution to the extent such distribution is required under Section <br /> 401(a)(9) of the Internal Revenue Code, any hardship distribution, and the portion of any <br /> distribution that is not includible in gross income (determined without regard to the <br /> exclusion for net unrealized appreciation with respect to employer securities). <br /> (2) Eligible Retirement Plan. An eligible retirement plan is an individual <br /> <br /> retirement account described in Section 408(a) of the Code, an individual retirement <br /> -8- <br /> NB 1:508358.9 <br />