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SAN LEANDRO ADMINISTRATIVE CODE TITLE 10 HUMAN RESOURCES Chapter 1 Deferred Compensation Plan &10.1.135: BENEFITS. (a) Time of Distribution. In the event of the termination of the employment of any member by reason of: (1) Death, or (2) Disability (defined for this purpose as the inability of a member to engage in his usual occupation by reason of a medically determinable physical or mental impairment as determined by the employer on the basis of advice from a physician or physicians), or (3) Other. termination of employment occurring at or after age fifty (50), or (4) Unforeseen emergencies. Then the full benefits credited to his book account shall be distributed to him or on his death to his beneficiary, payment to commence not later than sixty (60) days after such termination of employment unless the employee, at the time he elects to become a member of the Plan, requests a later date of commencement, which date shall be not later than the age of sixty-five (65). (b) Method and Amount of Distribution. Distribution to a member may be paid in case or in kind, in any one or more of the following ways: (1) In a lump sum. (2) In annual installments over a period not to exceed ten (10) years from the date distributions begin, or over a period established by the employer not greater than the life expectancy of such member; life expectancies shall be determined once by the employer, on the date of the initial installment distribution. No installment distribution shall have a value of less than (the smaller of) $50.00 or the balance credited to the member's book account. Notwithstanding the foregoing to the contrary, should applicable regulations of the Internal Revenue Service require a shorter period for distribution in the event of the death of a member then such period shall prevail over the terms of this Plan. Department Responsible for Revision: Human Resources Chapter 10.1 04/19/1983 Page 5