Common use of Distribution Events Clause in Contracts

Distribution Events. Participants may elect the following payment events and the associated form or forms of payment. If multiple events are selected, the earliest to occur will trigger payment. For installments, insert the range of available periods (e.g., 5-15) or insert the periods available (e.g., 5,7,9). (i) þ Specified Date þ 2 — 15 years (ii) o Specified Age years (iii) o Separation from Service o years (iv) þ Separation from Service plus 6 months þ 2 — 15 years (v) o Separation from Service plus months [not to exceed months] years (vi) o Retirement years (vii) o Retirement plus 6 months years (viii) o Retirement plus months [not to exceed months] years (ix) o Later of Separation from Service or Specified Age years (x) o Later of Separation from Service or Specified Date years (xi) o Disability years (xii) o Death years (xiii) o Change in Control years The minimum deferral period for Specified Date or Specified Age event shall be two years. Installments may be paid [select each that applies] o Monthly o Quarterly þ Annually

Distribution Events. Participants may elect the following payment events and the associated form or forms of payment. If multiple events are selected, the earliest to occur will trigger payment. For installments, insert the range of available periods (e.g., 5-15) or insert the periods available (e.g., 5,7,9). (i) þ x Specified Date þ 2 — x 2-15 years (ii) o Specified Age years (iii) o x Separation from Service o x 2-15 years (iv) þ o Separation from Service plus 6 months þ 2 — 15 years (v) o Separation from Service plus months [not to exceed months] years (vi) o Retirement years (vii) o Retirement plus 6 months years (viii) o Retirement plus months [not to exceed months] years (ix) o Later of Separation from Service or Specified Age Disability years (x) o Later of Separation from Service or Specified Date Death years (xi) o Disability years (xii) o Death years (xiii) o x Change in Control x 2-15 years The minimum deferral period for Specified Date or Specified Age event shall be two 2 years. Please note that distributions will occur based upon the earliest of the events to occur in Sec. (b)(i), (iii), or (xi). Installments may be paid [select each that applies] o Monthly o Quarterly þ x Annually

Distribution Events. Participants may elect the following payment events and the associated form or forms of payment. If multiple events are selected, the earliest to occur will trigger payment. For installments, insert the range of available periods (e.g., 5-15) or insert the periods available (e.g., 5,7,9). (i) þ o Specified Date þ 2 — 15 years (ii) o Specified Age years (iii) o x Separation from Service o X 5 or 10 years (iv) þ o Separation from Service plus 6 months þ 2 — 15 _____ years (v) o Separation from Service plus months [not to exceed months] years (vi) o Retirement _____ years (vii) o Retirement plus 6 months _____ years (viii) o Retirement plus months [not to exceed months] years (ix) o Later of Separation from Service or Specified Age Disability _____ years (x) o Later of Separation from Service or Specified Date Death years (xi) o Disability years (xii) o Death years (xiii) o x Change in Control X 5 or 10 years The minimum deferral period for Specified Date or Specified Age event shall be two years. Installments may be paid [select each that applies] o Monthly o Quarterly þ x Annually