|JONES LANG LASALLE INC filed this Form S-1/A on 07/11/1997|
participant. If a participant separates from service with the employers on or
after attainment of retirement age (as defined by the administrator), the
balances in the participant's deferral account shall be distributed to the
participant on the applicable distribution dates elected by the participant,
unless the administrator in its sole discretion determines that distribution
shall be made in a single sum payment. Distribution shall be made to the
participant or, in the event of his death, to his beneficiary.
6.3. Designation of Beneficiary. A participant may designate a
beneficiary under this program by filing a written notice with the administrator
in such form as it requires. A participant may from time to time change his
designated beneficiary without the consent of such beneficiary by filing a new
designation in writing with the administrator. If no designation under this
program is in effect at the death of the participant, the beneficiary shall be
the spouse of the participant at the time of his death or, if no spouse is
living at the death of the participant, the representative of the participant's
estate. A participant's beneficiary designation form may specify whether payment
is to be made to the beneficiary in a single sum payment or in installments
over a period not to exceed ten years.
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