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Florida Municipal Pension Trust Fund <br /> 457(b) Deferred Compensation Plan <br /> The amounts corrected by a Corrective Distribution are disregarded for all purposes of <br /> the Plan , except as otherwise expressly provided by the Plan . <br /> A Corrective Distribution cannot be counted as a required distribution for the purposes of <br /> applying the minimum distribution and incidental benefit requirements of <br /> IRC § 401 ( a) (9 ) . <br /> 3 . 14 " Death Distribution " <br /> means any Distribution that does not begin before the death of the Participant. <br /> 3 . 15 "Deferred Compensation " <br /> means the amount of compensation that the Participant and the Participating Employer <br /> agree to defer according to the provisions of the Plan . <br /> The amount or value of the Participant ' s Deferred Compensation is the amount or value <br /> of the Participant ' s Account ( including any rights purchased under the Account) . <br /> Deferred Compensation may also refer to the right under this Plan of the Participant or <br /> Beneficiary to receive a Distribution of all or any portion of the Account . <br /> 3 . 16 "Distributee" <br /> means any person who receives or but for his or her or its instruction to the Plan Sponsor <br /> is entitled to receive a Distribution . <br /> 3 . 17 "Distribution" <br /> means , as appropriate in the context, any kind of Distribution or the particular kind of <br /> Distribution provided by the Plan, as follows : <br /> • Permitted Distribution <br /> • Hardship Distribution <br /> • Retirement Distribution ( including a Transfer Distribution) <br /> • Death Distribution <br /> • Termination Distribution . <br /> Any Distribution shall be paid as a cash payment(s) or as a transfer of ownership of the <br /> Investment(s) that is the applicable portion of the Account . <br /> Any Distribution may be made , in whole or in part, in cash, or by delivery of an <br /> Investment( s ) ( including any annuity or life insurance contract) , Fund Shares , other <br /> securities, or other assets or property of any kind . Any Distribution of property other <br /> than cash shall be valued at fair market value as of the date of the Distribution . <br /> If a payee does not as a part of his or her or its written claim specify that a Distribution is <br /> to be made in the form of a specified property(s) , any Distribution is payable as a cash <br /> payment( s) . <br /> Florida Municipal Pension Trust Fund <br /> Florida League of Cities, Inc . <br /> Page 13 <br /> ovoiizoo9 <br />