Each participant who shall retire after attaining early or normal retirement age at a retirement date shall be vested in accordance with the provisions of Article XXI and shall have a nonforfeitable right to the vested value of the participant's account, and contributions hereunder shall cease thereupon. The Plan Administrator shall then distribute the vested value of the participant's account in accordance with Article XX.
A participant who incurs total and permanent disability shall become fully vested in the account as of the date that the total and permanent disability commenced. Disability retirement benefits shall then be valued and distributed in accordance with Article XX.
If a participant shall die prior to the commencement of any benefit otherwise provided under this article, the participant's account shall become fully vested. The Plan Administrator shall then distribute the value of such participant's account to the beneficiary of the participant in accordance with Article XX.
Each participant shall be given the opportunity,
in the original election to participate, to designate a beneficiary.
From time to time the participant may file with the Plan Administrator
a new or revised designation on such form as the Plan Administrator
shall provide.
To the extent permitted by law, no payments
to any person under any contract, nor the right to receive such payments,
nor any interest in this plan, shall be subject to assignment, alienation,
transfer or anticipation, either by voluntary or involuntary act of
any participant or beneficiary or by operation of law, nor shall such
payment right or interest be subject to the demand or claims of any
such person's debts, obligations, or liabilities.
