Notwithstanding the foregoing, each Participant shall elect in his or her Deferral Election to have the amounts described in [Section 3.2(b)] for the Specified Year (employer matching credits) credited to either the Separation From Service Lump Sum Account or the Separation From Service Installment Account or partly to the Separation From Service Lump Sum Account and partly to the Separation From Service Installment Account. If a Participant fails to elect the Account to which his or her matching employer credits will be credited, such amounts will be credited to the Participant’s Separation From Service Lump Sum Account.

NotwithstandingExcept as provided in [Section 7.6], the foregoing, eachbalance of the Participant’s Separation From Service Lump Sum Account will be distributed in a lump sum on the first business day of the seventh month following the Participant’s Separation From Service and the Separation From Service Installment Account will be distributed in the form of installments commencing on the first business day of the seventh month following the Participant’s Separation from Service. The first time that a Participant shall elect in his or herelects to have any amounts deferred pursuant to a Deferral Election to have(or any of the amounts described in [Section 3.2(b)] for the Specified Year (employer matching credits)) credited to either the Separation From Service Lump Sum Accounthis or theher Separation From Service Installment AccountAccount, the Participant must also elect the frequency of the installment payments (i.e., monthly, quarterly or partly toannual) and the Separation From Service Lump Sum Account and partly toduration of the Separation From Service Installment Account. Ifinstallment payments (either 5, 10 or 15 years). Notwithstanding the foregoing, if a Participant failselected installment distributions with respect to electany Deferral Election made under this Plan for any Specified Year ending prior to January 1, 2017, the Accountfrequency and duration of the installment payout previously elected will remain in effect, subject to which his or her matching employer credits will be credited, such amounts will be credited to the Participant’s Separation From Service Lump Sum Account.[Section 7.6].

Notwithstanding the foregoing, each Participant shall elect in his or herall amounts deferred pursuant to any Deferral Election to havemade on or before December 31, 2004 (and the amounts described in [Section 3.2(b)] for the Specified Year (employer matching credits)investment earnings credited to either the Separation From Service Lump Sum Account or the Separation From Service Installment Account or partly to the Separation From Service Lump Sum Account and partly to the Separation From Service Installment Account. If a Participant fails to elect the Account to which his or her matching employer credits will be credited, such amountsthereto) will be credited to the Participant’s Separation From Service Lump Sum Account. If a Participant fails to elect a form of distribution in a Deferral Election, all amounts deferred pursuant to such Deferral Election will be credited to the Participant’s Separation From Service Lump Sum Account.