If you die before terminating employment with the company, your accounts will become fully vested on your date of death and, consistent with your designated beneficiary's election, all amounts credited to your accounts (except for amounts in your QINC Transfer Account or Innovex Transfer Account, if any) will be paid as soon as administratively possible to your designated beneficiary.

If you die after terminating employment with the company, the portion of your account balances that was vested as of your termination date (less any payments that you may have previously received) will be paid as soon as administratively possible to your designated beneficiary, subject to the applicable survivor annuity rules.

In general, your beneficiary (or beneficiaries) will receive the balance in your account in a single lump sum after your death. However, if you were receiving installment payments at the time of your death, your beneficiary may choose to continue receiving any installment payments that remained unpaid as of your date of death.

These payments will be subject to applicable income taxes and also may be subject to estate taxes.