Amendment of Distribution Elections—Pre-2005 Subaccounts. A Participant may elect to change the time and manner of distributions from the Pre-2005 Subaccounts in the Participant’s Deferral Account in accordance with the terms of the Plan as in effect on ; provided that no such election shall be effective unless the election is made and received by the Company before the Participant’s Termination of Employment or Disability and before the first day of the calendar year in which payments # are to begin pursuant to such election and # would have begun absent such election.
Amendment of Distribution Elections—Pre-20052005-2008 Subaccounts. A(1) Before and subject to compliance with the requirements for a transition election under Code Section 409A, a Participant may elect to change the time and manner of distributions from the Pre-20052005-2008 Subaccounts in the Participant’s Deferral Account in accordance with the terms of the Plan as in effect on ;Account; provided that no such election shall be effective unless the election iswas made and received by the Company before the Participant’s Termination of Employment or Disability and before the first day of the calendar year in which payments # are to begin pursuant to such election and # would have begun absent such election..
Amendment of Distribution Elections—Pre-2005Post-2008 Subaccounts. A Participant may elect to change the time and manner of distributions to be made on a specified date elected by the Participant from the Pre-2005Post-2008 Subaccounts in the Participant’s Deferral Account in accordance with the terms of the Plan as in effect on ;Account; provided that no# such election shallmust be effective unless the election is made and received by the Company before the Participant’s Termination of Employment or Disability andDisability, # such election shall not take effect until at least 12 months after the date on which it is made, # such election may not be made less than 12 months before the date the first day ofsuch payment is scheduled to be paid, and # the calendar year inpayment with respect to which payments # are to begin pursuant to such election and #is made must be deferred for a period of not less than 5 years from the date the first such payment would otherwise have begun absent such election.been paid. For purposes of Code Section 409A, an election to receive installment payments shall be treated as an election to receive a single payment.
After , a Participant may elect to change the time and manner of distributions to be made on a specified date elected by the Participant from the Pre-20052005-2008 Subaccounts in the Participant’s Deferral Account in accordance with the terms of the Plan as in effect on ;Account; provided that no# such election shallmust be effective unless the election is made and received by the Company before the Participant’s Termination of Employment or Disability andDisability, # such election shall not take effect until at least 12 months after the date on which it is made, # such election may not be made less than 12 months before the date the first day ofsuch payment is scheduled to be paid, and # the calendar year inpayment with respect to which payments # are to begin pursuant to such election and #is made must be deferred for a period of not less than 5 years from the date the first such payment would otherwise have begun absent such election.been paid. For purposes of Code Section 409A, an election to receive installment payments shall be treated as an election to receive a single payment.
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