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Help for item E.21. If the Plan has received a transfer of assets from a another plan subject to the survivor annuity rules (E.20 is "Yes") or if distributions are allowed in the form of an annuity (E.6 is "Yes"), the spouse of a married Participant will be the beneficiary of 100% of the Participant's Account. Please refer to the highlighted language in Section 7.04(a) below.Section 7.04 BENEFICIARY (a) Beneficiary Designation Right. Except as provided in Section 7.10, each Participant, and if the Participant has died, the Beneficiary of such Participant, shall have the right to designate one or more primary and one or more secondary Beneficiaries to receive any benefit becoming payable upon such individual's death. The spouse of a married Participant shall be the sole primary beneficiary of such Participant unless the spouse waives his or her rights to a qualified preretirement survivor annuity pursuant to Section 7.10. All Beneficiary designations shall be in writing in a form satisfactory to the Plan Administrator and shall only be effective when filed with the Plan Administrator during the Participant's lifetime (or if the Participant has died, during the lifetime of the Beneficiary of such Participant who desires to designate a further Beneficiary). Except as provided in Section 7.10, each Participant (or Beneficiary) shall be entitled to change his Beneficiaries at any time and from time to time by filing written notice of such change with the Plan Administrator.
The foregoing is only intended to be an illustration of how the response to this question will be used to build a document. The actual language that will appear in the document may vary from that illustrated above and the response to the checklist item may affect other parts of the document. You must carefully review the entire document after it is generated to ensure that the document accurately reflects the intended design.
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