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annual, semi-annual, quarterly, or monthly <br /> basis) which extends no longer than the life <br /> expectancy of the Participant or such longer <br /> period as permitted under Section 6 . 8; <br /> (c) partial lump sum payment of a designated <br /> amount, with the balance payable in <br /> substantially nonincreasing installment <br /> payments for a period of years, as described <br /> in paragraph (b) ; or <br /> (d) annuity payments (payable on an annual, <br /> quarterly, or monthly basis) for the <br /> Participant ' s lifetime, or for the lifetimes <br /> of the Participant and the Participant ' s <br /> Beneficiary if permitted under Section 6.8; <br /> (e) such other form of installment payments as <br /> may be approved by the Board consistent with <br /> the limitations of Section 6 . 8 . <br /> No election of a distribution form under this Section 6 .2 may be <br /> made or changed after the commencement date for such distribution <br /> form. <br /> 6 . 3 Deferred Commencement Date : Not later than sixty <br /> (60) days following the date of the Participant ' s Separation from <br /> Service, the Participant may elect a deferred commencement date <br /> for part or all of the Participant ' s Account balance. Such date <br /> may not be later than the Participant ' s Required Beginning Date. <br /> Unless an optional distribution form is elected before that <br /> deferred commencement date, the Participant ' s Account shall then <br /> be distributed under the Default Distribution Option. A <br /> Participant ' s election of a deferred commencement date under this <br />