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<br />~ <br />". <br />~, <br />,. <br /> <br />457 Plan and Trust Document <br /> <br />" : <br />. r :,' <br /> <br />c;. <br />,~'. <br />t <br /> <br />/. <br /> <br />'. ",?" <br /> <br />i. <br />~" <br /> <br />. <br />(A) If the Beneficiary is someone other than the Employee's <br />surviving spouse, the entire interest will be distributed, starting by <br />the end of the calendar year following the calendar year of the <br />Employee's death, over the remaining life expectancy of the <br />Beneficiary, with such life expectancy determined using the age of <br />the Beneficiary as of his or her birthday in the year following the <br />year of the Employee's death, or, if elected, in accordanCe with <br />paragraph (2)(C) below. <br /> <br />(B) If the Employee's sole Beneficiary is the Employee's surviving <br />spouse, the entire interest will be distributed, starting by the end of <br />the calendar year following the calendar year of the Employee's <br />death (or by the end of the calendar year in which the Employee <br />would have attained age 70-112, iflater), over such spouse's life, or, <br />if elected, in accordance with paragraph (2)(C) below. If the <br />surviving spouse dies before distributions are required to begin, the <br />remaining interest will be distribute4, starting by the end of the <br />calendar year following the calendar year of the spouse's death, over <br />the spouse's Beneficiary's remaining life expectancy determined <br />using such Beneficiary's age as of his or her birthday in the year <br />following the death of the spouse, or, if elected, will be distributed <br />in accordance with paragraph (2)(C) below. If the surviving spouse <br />dies after distributions are required to begin, any remaining interest <br />will be distributed over the spouse's rernaining life expectancy <br />detetmined using the spouse's age as of his or her birthday in the <br />year of the spouse's death. <br /> <br />(e) If there is no Beneficiary, or if applicable by operation of <br />paragraph (2) (A) or (2) (B) above, the entire interest will be <br />distributed by the end of the calendar year containing the fifth <br />anniversary of the Beneficiary's death (or of the spouse's death in <br />the case of the surviving spouse's death before distributions are <br />required to begin under paragraph (2)(B) above). <br /> <br />(D) The amount to be distributed each year under paragraph <br />(2)(A) or (B) is the quotient obtained by dividing the value of the <br />IRA as of the end of the preceding year by the remaining life <br />expectancy specified in such paragraph. Life expectancy is <br />determined using the Single Life Table in Q&A-1 of section <br />1.401 (a)(9)-9 of the Income Tax Regulations. If distributions are <br />being made to a surviving spouse as the sole Beneficiary, such <br />spouse's remaining life expectancy for a year is the number in the <br />Single Life Table corresponding to the Beneficiary's age in the year <br />specified in paragraph (2) (A) or (B) and reduced by 1 for each <br />subsequent year. <br /> <br />(E) The "value" of the IRA includes the amount of any <br />outstanding rollover, transfer and recharacterization under Q&As- <br />7 and -8 of section 1.408-8 of the Income Tax Regulations. <br /> <br />21 <br />