(1) Eligibility for and payment of benefits shall be governed by the provisions of the plan and shall be consistent with the applicable provisions of the Internal Revenue Code, the terms of the plan documents, and the terms of the investments

(2) A participant’s benefit under the plan shall be distributed (or commence to be distributed) to the participant and his or her beneficiaries at such time as the participant may elect in accordance with and subject to the terms of any qualified domestic relations order to which the participant is a party and such rules as the committee or the investment(s) may establish; provided, however, that except for unforeseeable emergency withdrawals and distributions to alternative payees under the terms of a qualified domestic relations order permitted under the plan, distributions from the plan may not be made to the participant or his or her beneficiaries earlier than (a) the calendar year in which the participant attains age 70 1/2;, or (b) the participant’s severance from employment with the employer.

(3) Benefits shall be paid in accordance with the payment option elected by the participant subject to the terms of the Investment(s) and the terms of any qualified domestic relations order to which the participant is a party. If a participant dies before the benefits to which the participant is entitled to under the plan have been exhausted, the remainder of such benefits will be paid to the participant’s designated beneficiary in accordance with the terms of the investment(s) and the plan documents.

(4) A participant may elect a direct rollover distribution to an eligible retirement plan, in a manner prescribed by the committee, in accordance with the terms of the investment(s), the IRS Code, and the plan documents.

(5) As defined by the plan documents, and approved by the committee, a participant or beneficiary may request a distribution from the plan due to an unforeseeable emergency, subject to the terms specified by the investment(s) in accordance with IRS Code. (Added by Ord. 84-120 § 2, Oct. 17, 1984; Amended by Ord. 02-085, Dec. 18, 2002, Eff date Jan. 1, 2003; Amended by Ord. 05-046, July 13, 2005, Eff date July 25, 2005).