Section 1. Election to Apply 5-Year Rule to Distributions to Designated Beneficiaries.

( ) If the participant dies before distributions are required to begin and there is a

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designated beneficiary, distributions to the designated beneficiary are not required to begin by the date specified in section 2.2 of Article _____ of the plan, but the participant’s entire interest will be distributed to the designated beneficiary by December 31 of the calendar year containing the fifth anniversary of the participant’s death. If the participant’s surviving spouse is the participant’s sole designated beneficiary and the surviving spouse dies after the participant but before distributions to either the participant or the surviving spouse begin, this election will apply as if the surviving spouse were the participant.

This election applies to:

( ) All distributions.

( ) The following distributions: ________________________.