Lump-Sum or Installments. A participant may elect to receive distributions of the deferred compensation under the Plan in either # a lump sum or # a number of annual installments, not more than ten, as specified by the participant. If installment payments are elected, the amount of each installment shall be equal to the balance in the participant’s deferred compensation account divided by the number of installments remaining to be paid (including the installment in question). Elections under this [Section 6(a)] shall be made by the applicable deadline under [Section 8], except as otherwise permitted under [Section 12].
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