LATEST COMMENCEMENT DATE. Notwithstanding any other provision of this Plan, the latest date upon which the distribution of a Participant’s or Employee’s Account may begin is the earlier of the dates determined under (i) or (ii) below: (i) The 60th day after the close of the Plan Year in which the latest of the following events occurs: (A) the Participant’s or Employee’s attainment of age 65; (B) the 10th anniversary of the Participant’s or Employee’s Entry Date; or (C) the Participant’s or Employee’s Termination of Employment, provided, however, that if the Participant or Employee elects a later date (and his or her failure to submit or delay in submitting distribution forms to the Administrator by the latest of the events in (A), (B), or (C) above will be deemed to be such an election), then this subsection (c)(i) will not apply; or (ii) The Required Beginning Date.
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Sources: Horizon 401(k) Plan, 401(k) Plan