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24 <br />GN - 150079 Specimen 457(b) Plan Document <br />GPLANLVL – CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />distribution does not include (i) any distribution that is one of a series of substantially <br />equal periodic payment made not less frequently than annually for the life or life <br />expectancy of the Participant or the joint lives or life expectancies of the Participant and <br />the Participant’s designated beneficiary, or for a specified period of ten years or more (ii) <br />any distribution made as a result of an unforeseeable emergency, or (iii) any distribution <br />that is a required minimum distribution under Code Section 401(a)(9). <br />In addition, an "eligible retirement plan" with respect to the Participant, the participant ’s <br />spouse, or the Participant’s spouse or former spouse who is an alternate payee under a <br />domestic relations order as defined in Code Section 414(p) means any of the following: <br />(i) an individual retirement account described in Code Section 408(a), (ii) an individual <br />retirement annuity described in Code Section 408(b), (iii) an annuity plan describ ed in <br />Code Section 403(a), (iv) a qualified defined contribution plan described in Code Section <br />401(a), (v) an annuity contract described in Code Section 403(b), (vi) an eligible deferred <br />compensation plan described in Code Section 457(b) that is maintaine d by a State, <br />political subdivision of a State, or any agency or instrumentality of a State or political <br />subdivision of a State, or (vii) effective for distributions made on or after January 1, <br />2008, a Roth IRA, as described in Code Section 408A, provided, that for distributions <br />made before January 1, 2010, such rollover shall be subject to the limitations contained in <br />Code Section 408A(c)(3)(B) . <br />Notwithstanding any other provision of this Section 6.9(b), a plan or contract described in <br />clause (iii), (iv), (v), or (vi) above shall not constitute an "eligible retirement plan" with <br />respect to a distribution of Roth Contributions unless such plan or contract separately <br />accounts for such distribution, including separately accounting for the portion of such <br />distribution which is includible in gross income and the portion of such distribution <br />which is not so includible. <br />(c) A Beneficiary who is not the spouse of the deceased Participant may elect a direct <br />rollover of a distribution to a n individual retirement account described in Code Section <br />408(b) or to a Roth individual retirement account described in Code Section 408A(b) <br />("IRA"), provided that the distributed amount satisfies all the requirements to be an <br />eligible rollover distribution. The direct rollover must be made to an IRA established on <br />behalf of the designated nonspouse Beneficiary that will be treated as an inherited IRA <br />pursuant to the provisions of Code Section 402(c)(11). The IRA must be established in a <br />manner that identifies it as an IRA with respect to a deceased Participant and also <br />identifies the deceased Participant and the nonspouse Beneficiary. <br />6.10 Inservice Distributions <br />(a) Unforeseeable Emergency Distributions . If the Participant who has not incurred a <br />Severance from Employment or Beneficiary has an unforeseeable emergency, the <br />Administrator may approve a single sum distribution of the amount requested or, if less, <br />the maximum amount determined by the Administrator to be permitted to be distributed <br />under this Section 6.10 (a), Treasury Regulation Section 1.457 -6(c) or other regulatory <br />guidance. The Administrator shall determine whether an unforeseeable emergency exists <br />477