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(1) The Participant's remaining "life expectancy" is calculated using the <br /> age of the Participant in the year of death, reduced by one for each <br /> subsequent year. <br /> (2) If the Participant's surviving spouse is the Participant's sole <br /> "designated Beneficiary",the remaining "life expectancy" of the <br /> surviving spouse is calculated for each "distribution calendar year" <br /> after the year of the Participant's death using the surviving spouse's <br /> age as of the spouse's birthday in that year. For "distribution <br /> calendar years" after the year of the surviving spouse's death,the <br /> remaining "life expectancy" of the surviving spouse is calculated <br /> using the age of the surviving spouse as of the spouse's birthday in <br /> the calendar year of the spouse's death, reduced by one for each <br /> subsequent calendar year. <br /> (3) If the Participant's surviving spouse is not the Participant's sole <br /> "designated Beneficiary" (i.e.,multiple beneficiaries),the <br /> "designated Beneficiary's"remaining"life expectancy" is calculated <br /> using the age of the oldest Beneficiary in the year following the year <br /> of the Participant's death,reduced by one for each subsequent year. <br /> (4) If the Participant's sole "designated beneficiary" is not the <br /> Participant's spouse,the "designated Beneficiary's" remaining "life <br /> expectancy" is calculated using the age of the Beneficiary in the <br /> year following the year of the Participant's death,reduced by one for <br /> each subsequent year. <br /> (B) No Designated Beneficiary. <br /> If the Participant dies on or after the date distributions begin and there is no <br /> "designated Beneficiary" as of September 30 of the year after the year of the <br /> Participant's death,the minimum amount that will be distributed for each <br /> "distribution calendar year" after the year of the Participant's death is the <br /> quotient obtained by dividing the "Participant's account balance" by the <br /> Participant's remaining "life expectancy" calculated using the age of the <br /> Participant in the year of death, reduced by one for each subsequent year. <br /> (ii) Death Before Date Distributions Begin. <br /> (A) Participant Survived by Designated Beneficiary. <br /> Except as provided in this Section, if the Participant dies before the date <br /> distributions begin and there is a "designated Beneficiary",the minimum <br /> amount that will be distributed for each "distribution calendar year" after <br /> the year of the Participant's death is the quotient obtained by dividing the <br /> "Participant's account balance" by the remaining "life expectancy" of the <br /> Participant's "designated Beneficiary", determined as follows: <br /> 19 <br /> GN-107672 Specimen 457(b)Plan Document <br /> GPLANLVL—CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />