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Section 10 <br /> Distribution of Benefits <br /> 10.01 Required Minimum Distributions. The provisions of Code §401(a)(9) are hereby <br /> incorporated in the Plan by reference. All distributions of benefits shall satisfy the <br /> minimum distribution requirements of such Code §401(a)(9) if the Fund complies with <br /> a reasonable and good faith interpretation of Code §401(a)(9). <br /> 10.02 Direct Transfers of Eligible Rollover Distributions: <br /> a. This Section applies to distributions made on or after ]anuary 1, 1993. <br /> Notwithstanding any provisions of the Plan to the contrary that would otherwise <br /> limit a distributee's election under this Section, a distributee may elect, at the <br /> time and in the manner prescribed by the plan administrator, to have any <br /> portion of an eligible rollover distribution paid directly to an eligible retirement <br /> plan specified by the distributee in a direct rollover. <br /> b. Definitions: <br /> (1) Eligible rollover distribution: An eligible rollover distribution is any <br /> distribution described in IRC §402(c)(4) and generally includes any <br /> distribution of all or any portion of the balance to the credit of the <br /> distributee, except that an eligible rollover distribution does not include: <br /> any distribution that is one of a series of substantially equal periodic <br /> payments (not less frequently than annually) made for the life (or life <br /> expectancy) of the distributee or the joint lives (or joint life <br /> expectancies) of the distributee and the distributee's designated <br /> beneficiary, or for a specified period of ten (10) years or more; any <br /> distribution to the extent that such distribution is required under Code <br /> §401(a)(9); and the portion of any distribution that is not includable in <br /> gross income (determined without regard to the exclusion for net <br /> unrealized appreciation with respect to employer securities); any <br /> distribution which is made upon hardship of distribution; and any other <br /> distribution reasonably expected to total less than $200 during a year. <br /> (2) Eligible retirement plan: An eligible retirement plan is an individual <br /> retirement account described in Code §408(b), an annuity plan <br /> described in Code §403(a), or a qualified trust described in Code <br /> §401(a), that accepts the distributee's eligible rollover distribution. <br /> However, in the case of an eligible rollover distribution to the surviving <br /> spouse, an eligible retirement pfan is an individual retirement account <br /> or individual retirement annuity. <br /> (3) Distributee: A distributee includes an employee or former employee. In <br /> addition, the employee's or former employee's surviving spouse and the <br /> employee's or former employee's spouse or former spouse who is the <br /> alternate payee under a qualified domestic relations order, as defined in <br /> Code §414(p), are distributees with regard to the interest of the spouse <br /> or former spouse. <br /> (4) Direct rollover: A direct rollover is a payment by the plan to the eligible <br /> retirement plan specified by the distributee. <br /> 22 <br />