Section 6. Changes to Annuity Payment Period.

Section 6.1. Permitted Changes. An annuity payment period may be changed only in association with an annuity payment increase described in 3.1(d) of this article or in accordance with section 6.2.

Section 6.2. Reannuitization. An annuity payment period may be changed and the annuity payments modified in accordance with that change if the conditions in section 6.3 are satisfied and:

(a) the modification occurs when the participant retires or in connection with a plan termination;

(b) the payment period prior to modification is a period certain without life contingencies; or

(c) the annuity payments after modification are paid under a qualified joint and survivor annuity over the joint lives of the participant and a designated beneficiary, the participant’s spouse is the sole designated beneficiary, and the modification occurs in connection with the participant’s becoming married to such spouse.

Section 6.3. Conditions. The conditions in this section 6.3 are satisfied if:

(a) the future payments after the modification satisfy the requirements of Code § IRC 401(a) (9), Treas. Reg. § 1.401(a)(9)- 13, 6(n)(3), and this article (determined by treating the date of the change as a new annuity starting date and the actuarial present value of the remaining payments prior to modification as the entire interest of the participant);

(b) for purposes of Code §§I RC 415 and IRC 417, the modification is treated as a new annuity starting date;

(c) after taking into account the modification, the annuity (including all past and future payments) satisfies the requirements of Code § IRC 415 (determined at the original annuity starting date, using the interest rates and mortality tables applicable to such date); and

(d) the end point of the period certain, if any, for any modified payment period is not later than the end point available to the employee at the original annuity starting date under Code § IRC 401(a)(9) and this article.