BENEFICIARIES. A Participant may, by executing and delivering to the Secretary of the Company prior to the Participant’s death a Beneficiary Election form, designate a beneficiary or beneficiaries to whom distribution of his or her interest under this Plan shall be made in the event of his or her death prior to the full receipt of his or her interest under this Plan, and he or she may designate the portions to be distributed to each such designated beneficiary if there is more than one. Any such designation may be revoked or changed by the Participant at any time and from time to time by filing, prior to the Participant’s death, with the Secretary of the Company an executed Beneficiary Election form. If there is no such designated beneficiary living upon the death of the Participant, or if all such designated beneficiaries die prior to the full distribution of the Participant’s interest, then any remaining unpaid amounts shall be paid to the estate of the Participant or Participant’s beneficiaries.

Each Participant under the Plan may, by executing and deliveringfrom time to the Secretary of the Company prior to the Participant’s death a Beneficiary Election form, designate atime, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom distribution of his or her interestany benefit under thisthe Plan shallis to be madepaid in the eventcase of his or her death prior to the full receipt of his or her interest under this Plan, andbefore he or she may designate the portions to be distributed to eachreceives any or all of such designated beneficiary if there is more than one. Anybenefit. Each such designation mayshall revoke all prior designations by the same Participant, shall be revoked or changedin a form prescribed the Company, and will be effective only when filed by the Participant at any time and from time to time by filing, prior to the Participant’s death,in writing with the SecretaryCompany during the Participant's lifetime. In the absence of the Company an executed Beneficiary Election form. If there is noany such designated beneficiary living upon the death of the Participant, or if all such designated beneficiaries die prior to the full distribution of the Participant’s interest, then anydesignation, benefits remaining unpaid amountsat the Participant's death shall be paid to the estate of the Participant or Participant’Participant's beneficiaries.estate.

Each Participant under this Plan may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Plan is to be paid in case of his death before he receives any or all of such benefit. Each such designation shall revoke all prior designations by executingthe same Participant, shall be in a form prescribed by the Committee, and delivering towill be effective only when filed by the Secretary ofParticipant in writing with the Company prior toduring the Participant’s lifetime. In the absence of any such beneficiary designation, benefits remaining unpaid or rights remaining unexercised at the Participant’s death a Beneficiary Election form, designate a beneficiary or beneficiaries to whom distribution of his or her interest under this Plan shall be made in the event of his or her death prior to the full receipt of his or her interest under this Plan, and he or she may designate the portions to be distributed to each such designated beneficiary if there is more than one. Any such designation may be revoked or changed by the Participant at any time and from time to time by filing, prior to the Participant’s death, with the Secretary of the Company an executed Beneficiary Election form. If there is no such designated beneficiary living upon the death of the Participant, or if all such designated beneficiaries die prior to the full distribution of the Participant’s interest, then any remaining unpaid amounts shall be paid to or exercised by the estate of the Participant or Participant’s beneficiaries.executor, administrator, or legal representative.

Each Participant under the Plan may, by executing and deliveringfrom time to the Secretary of the Company prior to the Participant’s death a Beneficiary Election form, designate atime, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom distribution of his or her interestany benefit under thisthe Plan shallis to be madepaid in the eventcase of his or her death prior to the full receipt of his or her interest under this Plan, andbefore he or she may designate the portions to be distributed to eachreceives any or all of such designated beneficiary if there is more than one. Anybenefit. Each such designation mayshall revoke all prior designations by the same Participant, shall be revoked or changedin a form prescribed by the Compensation Committee, and will be effective only when filed by the Participant at any time and from time to time by filing, prior toin writing with the Company during the Participant’s death, withlifetime. In the Secretaryabsence of the Company an executed Beneficiary Election form. If there is noany such designated beneficiary living upon the death of the Participant, or if all such designated beneficiaries die prior to the full distribution ofdesignation, benefits remaining unpaid at the Participant’s interest, then any remaining unpaid amountsdeath shall be paid to the estate of the Participant or Participant’s beneficiaries.estate.

Each Participant may,under the Plan may name, from time to time, any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under the Plan is to be paid in case of his death before he receives any or all of such benefit. Each designation will revoke all prior designations by executingthe same Participant, shall be in a form prescribed by the Committee, and delivering towill be effective only when filed by the SecretaryParticipant in writing with the Committee during his lifetime. In the absence of the Company prior toany such designation, benefits remaining unpaid at the Participant’s death a Beneficiary Election form, designate a beneficiary or beneficiaries to whom distribution of his or her interest under this Plan shall be made in the event of his or her death prior to the full receipt of his or her interest under this Plan, and he or she may designate the portions to be distributed to each such designated beneficiary if there is more than one. Any such designation may be revoked or changed by the Participant at any time and from time to time by filing, prior to the Participant’s death, with the Secretary of the Company an executed Beneficiary Election form. If there is no such designated beneficiary living upon the death of the Participant, or if all such designated beneficiaries die prior to the full distribution of the Participant’s interest, then any remaining unpaid amounts shall be paid to the estate of the Participant or Participant’s beneficiaries.his estate.