When and How Benefits are Paid If You Should Die. If you should die before receiving your benefit, your beneficiary will be paid the full value of your Account. A beneficiary(ies) is (are) the person(s) you designate on the form provided by the Fund office to receive benefits that become payable upon your death. If you are single, any death benefits payable will be paid to the beneficiary(ies) you have selected. If you are married, your beneficiary is your spouse, unless you elect otherwise in writing. If you wish to designate a beneficiary other than your spouse, your spouse must consent irrevocably in writing to your designation and your spouse's consent must be witnessed by a notary public. If you die without a beneficiary designation, if your beneficiary dies before you, or if your beneficiary cannot be located, payment will be made first to your spouse, second to your children (if any) in equal shares, and third, to the legal representative of your estate or if none exists, to your heirs under intestate law of the state in which you reside at the time of your death. Payment of Benefits at Death or Retirement. Payment of your Account will be made to you (or your beneficiary in the case of death) as of the Valuation Date coincident with or immediately following receipt of the application for benefits from you (or your beneficiary) and approval by the Plan Administrator (or its designee) with actual payment made as soon as practicable thereafter.