LIFETIME ON A FORM PRESCRIBED BY THE COMMITTEE.
(B)
REVISION OF DESIGNATION. THE SUBMISSION OF A NEW BENEFICIARY
DESIGNATION SHALL CANCEL ALL PRIOR BENEFICIARY DESIGNATIONS.
ANY FINALIZED
DIVORCE OR MARRIAGE (OTHER THAN A COMMON LAW MARRIAGE) OF A PARTICIPANT
SUBSEQUENT TO THE DATE OF A BENEFICIARY DESIGNATION SHALL REVOKE SUCH
DESIGNATION, UNLESS IN THE CASE OF DIVORCE THE PREVIOUS SPOUSE WAS NOT
DESIGNATED AS BENEFICIARY AND UNLESS IN THE CASE OF MARRIAGE THE PARTICIPANT'S
NEW SPOUSE HAS PREVIOUSLY BEEN DESIGNATED AS BENEFICIARY.
(C)
ABSENCE OF VALID DESIGNATION.
IF A PARTICIPANT FAILS TO DESIGNATE
A BENEFICIARY AS PROVIDED ABOVE, OR IF THE BENEFICIARY DESIGNATION IS REVOKED BY
MARRIAGE, DIVORCE, OR OTHERWISE WITHOUT EXECUTION OF A NEW DESIGNATION, OR IF
EVERY PERSON DESIGNATED AS BENEFICIARY PREDECEASES THE PARTICIPANT OR DIES PRIOR
TO COMPLETE DISTRIBUTION OF THE PARTICIPANT'S BENEFITS, THEN THE COMMITTEE SHALL
DIRECT THE DISTRIBUTION OF SUCH BENEFITS TO THE PARTICIPANT'S ESTATE.
6.3
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
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PERSON IS THEN LIVING, TO A CUSTODIAN SELECTED BY THE 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
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.
6.4
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 COMMITTEE, IS CONSIDERED BY REASON OF PHYSICAL OR MENTAL
CONDITION TO BE UNABLE TO GIVE A VALID RECEIPT THEREFORE, THE COMMITTEE MAY
DIRECT THAT SUCH PAYMENT BE MADE TO ANY PERSON FOUND BY THE COMMITTEE, IN ITS
SOLE JUDGMENT, TO HAVE ASSUMED THE CARE OF SUCH PERSON.
ANY PAYMENT MADE
PURSUANT TO SUCH DETERMINATION SHALL CONSTITUTE A FULL RELEASE AND DISCHARGE OF
ANY AND ALL LIABILITY OF THE COMMITTEE AND THE COMPANY UNDER THE PLAN.
6.5
INABILITY TO LOCATE PAYEE.
IN THE EVENT THAT THE COMMITTEE IS
UNABLE TO LOCATE A PARTICIPANT OR BENEFICIARY WITHIN TWO 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