(A) Death – In the event of the death of a participant who has an accrued benefit under the plan (whether or not he is an active participant), 100% of the participant’s account balance(s) as of the date of death shall be paid to his surviving spouse; except that, if there is no surviving spouse, or if the surviving spouse has already consented in a manner that is (or conforms to) a qualified election under the joint and survivor annuity provisions of Code section 417(a) and regulations issued pursuant thereto and as set forth in [Section 5.2], then such balance(s) shall be paid to the participant's designated beneficiary. The payment options available to the beneficiary shall be those payment options available to the participant under [Section 4.3(b)].
(A) Death – In the event of the death of a participant who has an accrued benefit under the plan (whether or not he is an active participant), 100% of the participant’s account balance(s) as of the date of death shall be paid to his surviving spouse; except that, if there is no surviving spouse, or if the surviving spouse has already consented in a manner that is (or conforms to) a qualified election under the joint and survivor annuity provisions of Code section 417(a) and regulations issued pursuant thereto and as set forth in [Section 5.2], then such balance(s) shall be paid to the participant's designated beneficiary. The payment options available to the beneficiary shall be those payment options available to the participant under [Section 4.3(b)].
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