AgdaPkt 2002-12-09 - Laserfiche WebLink

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�� ,i �. . . . . : �� . _ .. . . DISTRIBUTION OF BENEFITS 5.1 Required Beginning Date , . :;.. : r�. Distributions from the Plan shall be made in accordance with se�tion 401 (a) (9) of the Code, including the incidentai death benefits under section 401 (a) (9) (G) of the Regulations thereunder. The required beginning date of benefit payments that represent the entire interest of the Participant shall be as follows: A Participant shall have the option of commencing distributions by April 1 following age 70 %z or deferring payment until actual retiremen� 5.2 Amount of Distribution A Participant who terminates employment for any reason shall be entitled to the Vested portion of his or her Account detennined as of the most current Valuation Date pursuant ' to Article N. 5.3 Lump-Sum Distributions Unless an alternative form of benefit is elected, all distributions shall be made in a cash I,ump-Sum Payrnent constituting the entire vested value of the Distributee's Account. If the Participant dies before distributions commence: (a) any remaining portion of the ParticipanYs interest that is not payable to a beneficiary designated by the Participant will be distributed within five (�) yeazs after the Participant's death, and (b) any portion of the Participant's interest that is payable to a beneficiary designated by the Participant will be, distributed either (11 within five (5) years after the Participant's death, or (2) over the life of the beneficiary, commencing not later than the end of the calendar year following the calendar yeaz in which the Participant died or, if the desi�nated bene�iciar�� the Participant's surviving spouse, commencing not later thar. �:e end o� � ca . �ar yeaz following the calendar yeaz in which the Participant wi;u�d have at.:::aed a�e 70'/�. 7 NB 1:5381802