AS BENEFICIARY
PREDECEASES THE PARTICIPANT OR DIES PRIOR TO COMPLETE DISTRIBUTION OF THE
PARTICIPANT'S BENEFITS, THEN THE ADMINISTRATIVE COMMITTEE SHALL DIRECT THE
DISTRIBUTION OF SUCH BENEFITS TO THE PARTICIPANT'S ESTATE.
6.2
PAYMENTS TO MINORS.
IN THE EVENT ANY AMOUNT IS PAYABLE UNDER THE
PLAN TO A MINOR, PAYMENT SHALL NOT BE MADE TO THE MINOR, BUT INSTEAD BE PAID
(A) TO THAT PERSON'S LIVING PARENT(S) TO ACT AS CUSTODIAN, (B) IF THAT PERSON'S
PARENTS ARE THEN DIVORCED, AND ONE PARENT IS THE SOLE CUSTODIAL PARENT, TO SUCH
CUSTODIAL PARENT, TO ACT AS CUSTODIAN, OR (C) IF NO PARENT OF THAT PERSON IS
THEN LIVING, TO A CUSTODIAN SELECTED BY THE ADMINISTRATIVE COMMITTEE TO HOLD THE
FUNDS FOR THE MINOR UNDER THE UNIFORM TRANSFERS OR GIFTS TO MINORS ACT IN EFFECT
IN THE JURISDICTION IN WHICH THE MINOR RESIDES.
IF NO PARENT IS LIVING AND THE
ADMINISTRATIVE COMMITTEE DECIDES NOT TO SELECT ANOTHER CUSTODIAN TO HOLD THE
FUNDS FOR THE MINOR, THEN PAYMENT SHALL BE MADE TO THE DULY APPOINTED AND
CURRENTLY ACTING GUARDIAN OF THE ESTATE FOR THE MINOR OR, IF NO GUARDIAN OF THE
ESTATE FOR THE MINOR IS DULY APPOINTED AND CURRENTLY ACTING WITHIN SIXTY (60)
DAYS AFTER THE DATE THE AMOUNT BECOMES PAYABLE, PAYMENT SHALL BE DEPOSITED WITH
THE COURT HAVING JURISDICTION OVER THE ESTATE OF THE MINOR.
6.3
PAYMENTS ON BEHALF OF PERSONS UNDER INCAPACITY.
IN THE EVENT THAT
ANY AMOUNT BECOMES PAYABLE UNDER THE PLAN TO A PERSON WHO, IN THE SOLE JUDGMENT
OF THE ADMINISTRATIVE
12
COMMITTEE, IS CONSIDERED BY REASON OF PHYSICAL OR MENTAL CONDITION TO BE UNABLE
TO GIVE A VALID RECEIPT THEREFORE, THE ADMINISTRATIVE COMMITTEE MAY DIRECT THAT
SUCH PAYMENT BE MADE TO ANY PERSON FOUND BY THE ADMINISTRATIVE COMMITTEE, IN ITS
SOLE JUDGMENT, TO HAVE ASSUMED THE CARE AND GUARDIANSHIP OF SUCH PERSON.
ANY
PAYMENT MADE PURSUANT TO SUCH DETERMINATION SHALL CONSTITUTE A FULL RELEASE AND
DISCHARGE OF ANY AND ALL LIABILITY OF THE ADMINISTRATIVE COMMITTEE AND THE
COMPANY UNDER THE PLAN.
6.4
INABILITY TO LOCATE PAYEE.
IN THE EVENT THAT THE ADMINISTRATIVE
COMMITTEE IS UNABLE TO LOCATE A PARTICIPANT OR BENEFICIARY WITHIN TWO (2) YEARS
FOLLOWING THE SCHEDULED PAYMENT DATE, THE AMOUNT ALLOCATED TO THE PARTICIPANT'S
DEFERRAL ACCOUNT SHALL BE FORFEITED.
IF, AFTER SUCH FORFEITURE, THE PARTICIPANT
OR BENEFICIARY LATER CLAIMS SUCH BENEFIT, SUCH BENEFIT SHALL BE REINSTATED
WITHOUT INTEREST OR EARNINGS.
ARTICLE 7
Administration/Claims Procedures
7.1
ADMINISTRATION.
THE PLAN SHALL BE ADMINISTERED BY THE
ADMINISTRATIVE COMMITTEE, WHICH SHALL HAVE THE EXCLUSIVE RIGHT AND FULL
DISCRETION (I) TO APPOINT AGENTS TO ACT ON ITS BEHALF, (II) TO INTERPRET THE
PLAN, (III) TO DECIDE ANY AND ALL MATTERS ARISING HEREUNDER (INCLUDING THE RIGHT
TO REMEDY POSSIBLE AMBIGUITIES, INCONSISTENCIES, OR OMISSIONS), (IV) TO MAKE,
AMEND AND RESCIND SUCH RULES AS IT DEEMS NECESSARY FOR THE PROPER ADMINISTRATION
OF THE PLAN AND (V) TO MAKE ALL OTHER DETERMINATIONS AND RESOLVE ALL QUESTIONS
OF FACT NECESSARY OR ADVISABLE FOR THE ADMINISTRATION OF THE PLAN, INCLUDING
DETERMINATIONS REGARDING ELIGIBILITY FOR BENEFITS PAYABLE UNDER