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<br /> <br /> <br /> <br /> <br /> <br /> Expectancy of the Participant's Designated Beneficiary, determined as <br /> follows: <br /> <br /> (A) The Participant's remaining Life Expectancy is calculated using <br /> the age of the Participant in the year of death, reduced by one for <br /> each subsequent year. <br /> <br /> (B) 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 <br /> spouse's age as of the spouse's birthday in that year. For <br /> Distribution Calendar Years after the year of the surviving <br /> spouse's death, the remaining Life Expectancy of the surviving <br /> spouse is calculated using the age of the surviving spouse as of the <br /> spouse's birthday in the calendar year of the spouse's death, <br /> reduced by one for each subsequent calendar year. <br /> (C) If the Participant's surviving spouse is not the Participant's sole <br /> Designated Beneficiary, the Designated Beneficiary's remaining <br /> Life Expectancy is calculated using the age of the beneficiary in <br /> the year following the year of the Participant's death, reduced by <br /> one for each subsequent year. <br /> <br /> (2) No Designated Beneficiary. If the Participant dies on or after the date <br /> distributions begin and there is no Designated Beneficiary as of September <br /> 30 of the year after the year of the Participant's death, 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 Participant's remaining Life <br /> Expectancy calculated using the age of the Participant in the year of death, <br /> reduced by one for each subsequent year. <br /> (b) Death Before Date Distributions Begin. <br /> <br /> (1) Participant Survived by Designated Beneficiary. Except as provided <br /> elsewhere in this Appendix A, 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 provided in Section <br /> AA(a). <br /> (2) No Designated Beneficiary. If the Participant dies before the date <br /> distributions begin and there is no Designated Beneficiary as of September <br /> 30 of the year following the year of the Participant's death, distribution of <br /> the Participant's entire interest will be completed by December 31 of the <br /> calendar year containing the fifth anniversary of the Participant's death. <br /> NB 1:564577.3 A-3 <br /> <br /> 55A-67 <br />