Distribution on Death. Notwithstanding anything in this Plan to the contrary, if a Participant dies while employed (within the meaning of [Section 5.3]), or after his or her Retirement or other termination of employment or separation from service but prior to the completion of all payments in respect of his or her Accounts under the Plan, the total undistributed balance of such Accounts (or vested portion thereof) shall be paid to his or her Beneficiary in a lump sum. Payment by the Employer pursuant to any unrevoked and valid Beneficiary designation under on the fifteenth (15th) day of the third month following the month in which death occurs, in an amount based on the balance of the participant’s Accounts on the last day of the month preceding payment. [Section 1.4(c)], or to the person or persons entitled thereto under [Section 1.4(c)] in the absence of such a designation, shall terminate any and all liability of the Employer with respect thereto.
Distribution on Death. If a Participant dies while a Director, or after the Participant’s Separation from Service but prior to the completion of all payments in respect of his or her Accounts under the Plan, the total undistributed balance of such Accounts shall be paid to his or her Beneficiary in a lump sum within the 90-day period beginning on the fifteenth (15th) day of the month following the month in which death occurs, in an amount based on the balance of the Participant’s Accounts on the last day of the month preceding payment. Payment by the Company pursuant to any unrevoked and valid Beneficiary designation under [Section 1.3(b)], or to the person or persons entitled thereto under [Section 1.3(b)] in the absence of such a designation, shall terminate any and all liability of the Company with respect thereto.
Distribution on Account of Death; Distribution Following Death. Upon the death of a Participant prior to Termination of Employment or other distribution trigger, the Participant’s Account balance will be paid to the Participant’s Beneficiary in a single lump sum as soon as practicable following the Participant’s death, but in no event later than the last day of the calendar year immediately following the calendar year in which the Participant’s death occurs. Upon the death of a Participant following Termination of Employment or other distribution trigger, distribution will continue in the same form and at the same time it was scheduled to be paid to the Participant, subject to Section 5.3; provided, that upon the Beneficiary’s death, any unpaid amounts will be paid to the estate of the Beneficiary as soon as practicable following the Beneficiary’s death, but in no event later than the last day of the calendar year immediately following the calendar year in which the Beneficiary’s death occurs.
Distribution upon Death. Notwithstanding any election made by a Participant or any other provision of this Section 6 to the contrary, if a Participant dies before full distribution of his or her Account balance, any remaining balance shall be distributed to the Participant’s Beneficiary in a lump sum within 90 days following the date of the Participant’s death. The amount of such lump sum distribution shall be calculated using the valuation of the Participant's Account as of the date preceding the date of distribution. Any payment required to be made to a Participant under the Plan that cannot be made due to the Participant’s death shall be made to the Participant’s Beneficiary, subject to applicable law. Each Participant shall have the right to designate one or more Beneficiaries, and to change a Beneficiary designation, from time to time by filing a written notice with the Plan Administrator. In the event that a Beneficiary does not survive the Participant and no successor Beneficiary is selected, or in the event no valid Beneficiary designation has been made, the Participant’s Beneficiary shall be the Participant’s estate.
Distribution on Account of Death; Distribution Following Death. Upon the death of a Participant prior to Termination of Employment or other distribution trigger, the Participant’s Account balance will be paid to the Participant’s Beneficiary in a single lump sum as soon as practicable following the Participant’s death, but in no event later than the last day of the calendar year immediately following the calendar year in which the Participant’s death occurs. Upon the death of a Participant following Termination of Employment or other distribution trigger, distribution will continue in the same form and at the same time it was scheduled to be paid to the Participant, subject to Section 6.3, but will be paid in a single lump sum to the estate of the Beneficiary as soon as practicable following the Beneficiary’s death.
Payment of Benefits Upon Death. If a Participant or Former Participant whose employment with all Employers has not terminated dies before the complete distribution of one or more of his or her Accounts, the Participant or Former Participant shall become 100% vested in his Accounts; and the balance of such Accounts shall become payable to the Beneficiary of the Participant or Former Participant and shall be paid in accordance with [Sections 7.8 through 7.10]. Also, if a Participant or Former Participant whose employment with all Employers has terminated, but whose Account(s) have not yet become vested or are not yet forfeited (because of the extended vesting provisions of the Plan) dies before his or her Accounts have become vested or are forfeited, the Participant or Former Participant shall become 100% vested in his Accounts; and the balance of such Accounts shall become payable to the Beneficiary of the Participant or Former Participant and shall be paid in accordance with [Sections 7.8 through 7.10].
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