Defined Contribution Plan Document

ARTICLE XV
MINIMUM DISTRIBUTION REQUIREMENTS

Section 5. Definitions

  1. Designated Beneficiary. The term "designated beneficiary" means the individual who is designated as the Participant's Beneficiary under Article VIII, Section 4 of the Plan and is the designated beneficiary under Section 401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-1, Q&A- 4, of the Treasury Regulations.

  2. Distribution Calendar Year. The term "distribution calendar year" means a calendar year for which a minimum distribution is required. For distributions beginning before the Participant's death, the first "distribution calendar year" is the calendar year immediately preceding the calendar year which contains the Participant's Required Beginning Date. For distributions beginning after the Participant's death, first "distribution calendar year" is the calendar year in which distributions are required to begin under Section 2(b). The required minimum distribution for the Participant's first "distribution calendar year" will be made on or before the Participant's Required Beginning Date. The required minimum distribution for other "distribution calendar years," including the required minimum distribution for the "distribution calendar year" in which the Participant's Required Beginning Date occurs, will be made on or before December 31 of that "distribution calendar year."

  3. Life Expectancy. The term "life expectancy" means the life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury Regulations.

  4. Participant's Account Balance. The term Participant's "Account Balance" means the Account Balance as of the last valuation date in the calendar year immediately preceding the "distribution calendar year" (the "valuation calendar year") increased by the amount of any contributions made and allocated or forfeitures allocated to the Account Balance as of dates in the "valuation calendar year" after the Valuation Date and decreased by distributions made in the "valuation calendar year" after the Valuation Date. The Account Balance for the valuation calendar year" includes any amounts rolled over or transferred to the Plan either in the "valuation calendar year" or in the "distribution calendar year" if distributed or transferred in the "valuation calendar year."

  5. Required Beginning Date. The date specified in Article V, Section 4(g) of the Plan.