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after the year of the Participant's death using the surviving spouse's <br />age as of the spouse's birthday in that year. <br />(2) If the Participant's surviving spouse is not the Participant's sole <br />"designated Beneficiary" (i.e., multiple beneficiaries), the <br />"designated Beneficiary's" remaining "life expectancy" is <br />calculated using the age of the oldest Beneficiary in the year <br />following the year of the Participant's death, reduced by one for <br />each subsequent year. <br />(3) If the Participant's sole "designated beneficiary" is not the <br />Participant's spouse, the "designated Beneficiary's" remaining "life <br />expectancy" is calculated using the age of the Beneficiary in the <br />year following the year of the Participant's death, reduced by one <br />for each subsequent year. <br />(B) No Designated Beneficiary. <br />If the Participant dies before the date distributions begin and there is no <br />"designated Beneficiary" as of September 30 of the year following the <br />year of the Participant's death, distribution of the Participant's entire <br />interest will be distributed by December 31 of the calendar year containing <br />the fifth anniversary of the Participant's death. <br />(C) Death of Surviving Spouse Before Distributions to Surviving Spouse Are <br />Required to Begin. <br />If the Participant dies before the date distributions begin, the Participant's <br />surviving spouse is the Participant's sole "designated Beneficiary", and the <br />surviving spouse dies before distributions are required to begin to the <br />surviving spouse under subsection (b)(ii)(A), this subparagraph (d)(ii) will <br />apply as if the surviving spouse were the Participant. <br />(e) Definitions. <br />(i) A Participant's "required beginning date" is April 1 of the year that follows the <br />later of (1) the calendar year the Participant attains age 70 %z or (2) retires due to <br />Severance from Employment. If the Participant postpones the required <br />distribution due in calendar year he or she attains age 70 %Z or severs employment, <br />to the "required beginning date", the second required minimum distribution must <br />be taken by the end of that year. <br />(ii) Participant's "designated Beneficiary" means the individual who is designated as <br />the Beneficiary under Section 8.1 and is the designated Beneficiary under Code <br />Section 401(a)(9) and Treasury Regulation Section 1.401(a)(9)-4. <br />20 <br />Specimen 457(b) Plan Document <br />Deferred Compensation Plan <br />