APS 2015 Annual Report Download - page 211

Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Committee’s
rules and procedures, as in effect from time to time. If the Participant names, with respect to more than fifty percent (50%) of his or her
benefit under this Plan, someone other than his or her spouse as a Beneficiary, a spousal consent, in the form designated by the
Committee, must be signed by that Participant’s spouse and returned to the Company. Upon submission to the Company of a new
Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Committee shall be entitled to rely
on the last Beneficiary Designation Form filed by the Participant prior to his or her death.
7.3 Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received by the
Company or its designated agent.
7.4 No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided in Sections 7.1, 7.2 and 7.3
above, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant’s benefits,
then the Participant’s designated Beneficiary shall be deemed to be his or her surviving spouse with respect to any undistributed
benefits. If the Participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to
the executor or personal representative of the Participant’s estate.
7.5 Doubt as to Beneficiary. If the Committee has any doubt as to the proper Beneficiary to receive payments pursuant to
this Plan, the Committee shall have the right, exercisable in its discretion, to cause the Participant’s Employer to withhold such
payments until this matter is resolved to the Committee’s satisfaction.
7.6 Discharge of Obligations. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge
all Employers and the Committee from all further obligations under this Plan with respect to the Participant.
ARTICLE 8
Leave of Absence
8.1 Paid Leave of Absence. If a Participant is authorized by the Participant’s Employer for any reason to take a paid leave of
absence from the employment of the Employer, the Participant shall continue to be considered employed by the Employer and the
Annual Deferral shall continue to be withheld during such paid leave of absence in accordance with Section 3.3.
8.2 Unpaid Leave of Absence. If a Participant is authorized by the Participant’s Employer for any reason to take an unpaid
leave of absence from the employment of the Employer, the Participant shall continue to be considered employed by the Employer and
the Participant shall be excused from making deferrals until the earlier of the date the leave of absence expires or the
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