eTrade 2008 Annual Report Download - page 224

ARTICLE VI
DISTRIBUTION OF BENEFITS
SECTION 6.01—AUTOMATIC FORMS OF DISTRIBUTION.
Unless an optional form of benefit is selected pursuant to a qualified election within the election period (see the ELECTION
PROCEDURES SECTION of this article), the automatic form of benefit payable to or on behalf of a Participant is determined as
follows:
SECTION 6.02—OPTIONAL FORMS OF DISTRIBUTION.
Election of an optional form is subject to the qualified election provisions of the ELECTION PROCEDURES SECTION o
f
this article and the distribution requirements of Article VII.
SECTION 6.03—ELECTION PROCEDURES.
The Participant shall make any election under this section in writing. The Plan Administrator may require such individual to
complete and sign any necessary documents as to the provisions to be made. Any election permitted under (a) and (b) below shall be
subject to the qualified election provisions of (c) below.
(a) Retirement Benefits. The automatic form of retirement benefit for a Participant who does not die before his Annuity
Starting Date shall be a single sum payment.
(b) Death Benefits. The automatic form of death benefit for a Participant who dies before his Annuity Starting Date shall be a
single sum payment to the Participant’s Beneficiary.
(a) Retirement Benefits. The only form of retirement benefit for that portion of a Participant’s Account that is not held in the
Self-Directed Brokerage Account is a single sum payment. The optional forms of retirement benefit for that portion of a
Participant’s Account that is held in the Self-Directed Brokerage Account are a single sum payment and a distribution in
kind.
(b) Death Benefits. The only form of death benefit is a single sum payment.
(a) Retirement Benefits. A Participant may elect to have retirement benefits from that portion of his Account which is held in
the Self-Directed Brokerage Account distributed under any of the optional forms of retirement benefit available in the
OPTIONAL FORMS OF DISTRIBUTION SECTION of this article.
(b) Death Benefits. A Participant may elect his Beneficiary.
RESTATEMENT DECEMBER 15, 2006
57 ARTICLE VI (5-19047)