sum on the earlier of # the specific year specified in the Deferral Election establishing such Account (or the date specified in an applicable Distribution Change Election made pursuant to [Section 7.6]) or # the first business day of the seventh month following the Participant’s Separation from Service (each an “In-Service Account”).
Except as provided in [Section 7.6], each In-Service Account established and maintained on behalf of a Participant will provide that the amounts credited to such Account will be distributed in a lump sum on the earlier of # thea specific year specified in the Deferral Election establishing such Account (or the date specified in an applicable Distribution Change Election made pursuant to [Section 7.6]) or # the first business day of the seventh month following the Participant’s Separationseparation from service within the meaning of Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”). If a Participant elects to credit the amounts deferred pursuant to a Deferral Election to an In-Service (eachAccount, the Participant must either designate an “In-existing In-Service Account”).Account or a new In-Service Account; provided, however, that in either case, the specified distribution year with respect to such In-Service Account may not be earlier than three years after the end of the Specified Year for which such Deferral Election is made and the Participant may not establish a new In-Service Account pursuant to a Deferral Election if as of the Election Due Date with respect to such Deferral Election the Participant already maintains the maximum number of In-Service Accounts permitted by the Officer Committee.
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