Section 2. Election to Allow Participants or Beneficiaries to Elect 5-Year Rule.

( ) Participants or beneficiaries may elect on an individual basis whether the 5-year rule

or the life expectancy rule in sections 2.2 and 4.2 of Article _____ of the plan applies to distributions after the death of a participant who has a designated beneficiary. The election must be made no later than the earlier of September 30 of the calendar year in which distributions would be required to begin under section 2.2 of Article _____ of the plan, or by September 30 of the calendar year which contains the fifth anniversary of the participant’s (or, if applicable, surviving spouse’s) death. If neither the participant nor beneficiary makes an election under this paragraph, distributions will be made in accordance with sections 2.2 and 4.2 of Article _____ of the plan and, if applicable, the elections in section 1 above.

(Note to reviewer: The blanks in sections 1 and 2 above should be filled in with the section number of the plan that corresponds to this LRM #51.)