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December 31 of the calendar year immediately following the calendar year <br /> in which the Participant dies, or by December 31 of the calendar year in <br /> which the Participant would have attained age 70 %2, if later. <br /> (B) If the Participant's surviving spouse is not the Participant's sole "designated <br /> Beneficiary" (i.e., multiple beneficiaries), then distributions to the <br /> "designated Beneficiaries" will begin by December 31 of the calendar year <br /> immediately following the calendar year in which the Participant died. <br /> (C) If the Participant's sole "designated Beneficiary" is not the Participant's <br /> spouse,then distributions to the "designated Beneficiary" will begin by <br /> December 31 of the calendar year immediately following the calendar year <br /> in which the Participant died. <br /> (D) If there is no "designated Beneficiary" as of September 30 of the year <br /> following the year of the Participant's death,the Participant's Account <br /> Balance will be distributed in a lump sum payment by December 31 of the <br /> calendar year containing the fifth anniversary of the Participant's death. <br /> (E) If the Participant's surviving spouse is the Participant's sole "designated <br /> Beneficiary" and the surviving spouse dies after the Participant but before <br /> distributions to the surviving spouse begin,this subparagraph(b)(ii), other <br /> than subsection(b)(ii)(A),will apply as if the surviving spouse were the <br /> Participant. <br /> For purposes of this subparagraph(ii) and paragraph(d),unless subsection <br /> (b)(ii)(D) applies, distributions are considered to begin on the Participant's <br /> "required beginning date". If subsection(b)(ii)(E) applies,distributions are <br /> considered to begin on the date distributions are required to begin to the surviving <br /> spouse under subsection(b)(ii)(A). If distributions under an annuity purchased <br /> from an insurance company irrevocably commence to the Participant before the <br /> Participant's "required beginning date" (or to the Participant's surviving spouse <br /> before the date distributions are required to begin to the surviving spouse under <br /> subsection(b)(ii)(A)),the date distributions are considered to begin is the date <br /> distributions actually commence. <br /> (iii) Death of Participant On or After Distributions Begin. If the Participant dies on or <br /> after distributions begin and before depleting his or her Account Balance, <br /> distributions must commence to the "designated Beneficiary" by December 31 of <br /> the calendar year immediately following the calendar year in which the Participant <br /> died. <br /> (iv) Forms of Distribution. Unless the Participant's Account Balance is distributed in <br /> the form of an annuity contract or in a lump sum on or before the Participant's <br /> "required beginning date", as of the first distribution calendar year, distributions <br /> will be made in accordance with paragraphs (c) and(d). If the Participant's interest <br /> 17 <br /> GN-107672 Specimen 457(b)Plan Document <br /> GPLANLVL—CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />