The vested value of your Retirement Plan benefit is payable if any of the following events occur:

Please see "If Your Situation Changes" for rules affecting Retirement Plan benefit accruals while receiving LTD benefits.

For information on how to request plan payments, please see "Requesting Plan Payments."

When you leave JPMorgan Chase, you have several options as to how and when benefits will be paid.

If you make an election, your election is irrevocable once payment(s) begin. Prior to your payments beginning, if you submit an election and wish to change that election, you must advise us of your desire to change your election, in writing, prior to the commencement of your benefit payment(s).

If you don't make an election, your cash balance account will be paid to you as an annuity beginning the month following your 65th birthday.

Please Note: Normally, your plan benefit is the amount reported as your account balance or is based on your account balance. In certain interest rate environments when certain long-term government interest rates (specified under 417(e) of the Internal Revenue Code) are less than the plan's "interest crediting rate" for the year in which you receive a distribution, you may receive a payment that is actually higher than your stated "account balance." If this situation is applicable upon benefit distribution commencement, this higher amount will be calculated and reflected in any distribution paperwork that you receive (but might not be reflected in "estimates" requested). While the result of this calculation can increase or decrease as interest rates change and can be negative, you will never receive payment of less than your account balance. Your account information available through My Rewards @ Work, the accessHR Contact Center, and your annual statement is reflective of your current account balance only.

Please see "If Your Situation Changes" for more information on what happens if you die before your benefit payments begin.

For information on the tax consequences of receiving benefits, please see "Paying Taxes on Plan Benefits."

If you defer receipt of your distribution, your Retirement Plan cash balance account will earn regular interest credits — but no pay credits. You'll continue to receive annual statements of your cash balance account at your home address. You may call the accessHR Contact Center at any time to request that payment(s) begin. (Please Note: You should call the accessHR Contact Center at least 60 days before you would like payments to begin.)

If you do not request a payment prior to attaining age 65, a Retirement Plan Distribution Package will be mailed to you approximately 90 days prior to your 65th birthday. Please complete and return the appropriate paperwork in accordance with the dates outlined in the package so that your benefit may commence the first of the month following your 65th birthday. Once Retirement Plan payments begin, you will not receive interest credits and account statements.

Unless you elect otherwise, the plan normally pays your benefits as follows:

You can waive the normal annuity form and elect an optional payment form available from the plan. If you are married and elect a form other than the 50% Joint and Survivor Annuity with your spouse as beneficiary, your spouse must provide written consent. This spousal consent must be provided on the Retirement Plan Distribution Package paperwork. Please see "Requesting Plan Payments" for more information.

Here are the optional payment forms available under the plan:

If you select an annuity that continues payment to someone following your death and that person dies before you receive any payments under the annuity, your annuity election is canceled and you may make a new election. If you fail to make a new election, payments will be made under a Single Life Annuity if you're single and under a 50% Joint and Survivor Annuity if you're married.

Once your Retirement Plan payments begin, you may not change the annuity option you elected or your beneficiary. For example, if you elect a Joint and Survivor Annuity and your designated beneficiary dies after your payments begin, you cannot designate another beneficiary or change your payment options.

Please Note: If you participated in the retirement plan of a heritage organization, additional optional payment forms may be available to you when your employment ends. Please see the appropriate Appendix(ces) in this summary plan description for a description of these optional payment forms.

If you're married on the date your Retirement Plan benefits are to begin, your benefits will be paid in the form of a 50% Joint and Survivor Annuity — unless you've elected payments in one of the optional forms, as described earlier, and your spouse has provided written notarized consent to such an election as required by law.

Within 30 to 90 days before you are to receive plan benefits, the Plan Administrator will provide you with a written explanation of the terms and conditions of joint and survivor benefits and the effect of making such an election. At that time, you will have the opportunity to elect a payment option. Any election to waive a 50% Joint and Survivor Annuity form of payment will not take effect unless your spouse gives written consent, witnessed by a notary public, and acknowledges the effect of such an election.

If you elect a 50% Joint and Survivor Annuity payment option, you may, with your spouse's consent, revoke such election at any time prior to receiving any benefits. In addition, you may revoke an election not to take a joint and survivor annuity option at any time prior to receiving any benefits. However, in all circumstances, if you elect a payment option other than a 50% Joint and Survivor Annuity with your spouse as a primary beneficiary (for example, you elect a lump sum or life annuity), you must obtain spousal consent as required by law.

Depending on the payment option you elect, additional benefits may be payable following your death.

If you die before your benefit payments have commenced, payments will be made to your designated beneficiary according to the most recent beneficiary designation election you submitted. If you have not designated a beneficiary and are married at the time of your death, benefits will be paid to your spouse. If you have not designated a beneficiary and are single at the time of your death, benefits will be paid to your estate.

If you die after your benefit payments have commenced and you selected a payment option that continues payments to someone following your death, then your beneficiary will continue to receive payments in accordance with your election.

Your beneficiary should call the accessHR Contact Center for assistance in filing for plan payments.

Please Note: If you selected and were paid a lump-sum option, no additional benefits are payable to your beneficiary following your death.

After your employment with JPMorgan Chase ends, you will receive a Retirement Plan Distribution Package at your home address that includes the following:

If you defer receipt of your distribution, you may later request that payments begin at any time by calling the accessHR Contact Center and requesting another Distribution Package be sent to you. Please call the accessHR Contact Center at least 60 days prior to the date you would like benefit payments to begin.