How the Plan Works

Contributions
Investments
Vesting
Loans
Withdrawals During Employment
Distribution of Benefits

How the Plan Works

The following information describes contributions, investments, vesting, loans, withdrawals, and distribution of benefits.

Contributions

Elective Deferral and Roth Elective Deferral Contributions

You may elect to contribute a percentage of your Compensation on a pre-tax basis into the Plan after you satisfy the Plan's eligibility requirements. Your pre-tax contributions are referred to as elective deferral contributions or elective deferrals.

You may also elect to contribute a percentage of your Compensation on an after-tax basis into the Plan after you satisfy the Plan's eligibility requirements. Your after-tax contributions are referred to as Roth elective deferral contributions or Roth elective deferrals.

Your election to contribute is made via the Plan's voice response system at 800-922-9945 or by using the Plan's interactive web site at rps.troweprice.com. Each payroll period, a percentage of your Compensation equal to the percentage you have elected to contribute on a pre-tax and/or after-tax basis will be withheld from your paycheck and contributed to the Plan on your behalf. You may elect to contribute, in whole numbers, from 1% to 75% of your Compensation as a combination of elective deferrals or Roth elective deferrals. Your total amount of elective deferrals and Roth elective deferrals for a calendar year cannot exceed the lesser of 75% of Compensation or $19,500 for the 2021 Plan Year. If this dollar limit is exceeded, excess amounts will first be withdrawn from elective deferrals and then from Roth elective deferrals.

You will automatically be placed in the Plan's automatic increase service unless you:

Make an affirmative election to set your contribution rate for elective deferrals and Roth elective deferrals to zero percent (0%), or
Make an affirmative election to opt out of the automatic increase service (which includes electing to participate in the Plan's voluntary automatic increase service described below).

If you make no affirmative election, your deferral election will increase automatically by one percent (1%) of Compensation each Plan Year, until your combined pre-tax and Roth elective deferral contribution rate reaches 15%. Annual increases will take effect in the first pay period that begins on or after July 1 of each Plan Year. However, no automatic increase will occur unless you have been actively contributing to the Plan throughout the entire July 1 – June 30 period immediately preceding the date of increase. In addition, if you make any changes to your pre-tax or Roth elective deferral contributions levels between May 1 and June 30 of a Plan Year, you will not be included in the automatic increase service for that Plan Year.

For example, an Employee who is hired in 2021, who was automatically enrolled in the Plan and began making contributions as of July 1, 2021, and who does not opt out or reduce her elective deferrals and Roth elective deferrals to zero percent (0%) during the entire period between July 1, 2021 and June 30, 2022, will have her deferral election automatically increased by one percent (1%) in the first pay period beginning in July 2022.

All Participants may also voluntarily elect to participate in the Plan's automatic increase service. If you elect this service, the percentage of your Compensation contributed to the Plan will be increased each year. If you elect to participate, you may specify the amount of the annual increase in your elective deferral contribution percentage, the amount of the annual increase in your Roth elective deferral contribution percentage, the month in which the increase will take effect each year, and the maximum contribution percentage (generally, up to 75% of your Compensation) to which your deferral contributions will increase. If you elect to have automatic increases for both elective deferrals and Roth elective deferrals, the increase for elective deferrals will take priority if a scheduled increase to both would cause you to exceed your maximum contribution percentage.

Each year, you will be notified of your automatic increase at least 30 days prior to the date it is scheduled to take effect.

If you will have reached at least age 50 by the end of the calendar year, you are eligible to make catch-up contributions to the Plan over and above the annual limit ($19,500 for the 2021 Plan Year) on deferral contributions discussed above. Catch-up contributions can be in the form of elective deferral elections, Roth deferral elections or a combination of both. Your elective deferrals that are contributed as catch-up contributions are referred to as elective deferral catch-up contributions. Your Roth elective deferrals that are contributed as catch-up contributions are referred to as Roth elective deferral catch-up contributions. When referring to either elective deferrals or Roth elective deferrals contributed as catch-up contributions, they are called catch-up contributions. These contributions, which are subject to the same distribution rules as your elective deferral and Roth elective deferral contributions, are limited to $6,500 for the 2021 Plan Year (this dollar amount is subject to adjustment each year). However, the $19,500 (as adjusted) and 75% of Compensation limitations applicable to elective deferral and Roth elective deferral contributions do not apply. If you are eligible to make catch-up contributions and your elective deferrals and Roth elective deferrals exceed the $19,500 limit (as adjusted), your elective deferrals and Roth elective deferrals will automatically be designated as catch-up contributions. Therefore, if you are eligible to make catch-up contributions, you will be subject to a total limit of $26,000 (for 2021 and as adjusted in future years), rather than the $19,500 limit (as adjusted).

Your elective deferral contributions, Roth elective deferral, and catch-up contributions belong to you and cannot be forfeited for any reason. However, there are special Internal Revenue Code rules which must be satisfied and may require that the amount of your contributions be reduced. If a reduction in your contribution is necessary, you will be notified by the Plan Administrator.

You may increase or decrease the amount you contribute or completely suspend making elective deferral contributions or Roth elective deferral contributions at any time by contacting the Plan's voice response system at 800-922-9945 or by using the Plan's interactive web site at rps.troweprice.com. Your revised contribution elections will generally take effect as soon as administratively practicable based on your Participating Employer's payroll structure.

Employer Matching Contributions

Once you begin making elective deferral contributions, Roth elective deferral contributions, or catch-up contributions (collectively, "Participant Contributions"), your Participating Employer will match a portion of these contributions.

The amount of employer matching contributions made on your behalf is determined on a Participating Employer-by-Participating Employer basis. For Employees of Canon Medical Systems and Canon Medical Research, the amount of employer matching contributions made on your behalf is equal to 50% of your Participant Contributions for each payroll period, up to a maximum of 8% of your Compensation for the particular payroll period.

In addition, if you are a Participant who is eligible to participate at any time during the last payroll period ending within the Plan Year, your Participating Employer may make an additional employer matching contribution, an "employer matching contribution true-up," on your behalf after the end of the Plan Year. The employer matching contribution true-up is determined on a Plan Year basis rather than payroll period basis and ensures that you receive the maximum employer matching contribution permissible under the terms of the Plan. Call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information on how the employer matching contribution true-up is calculated.

In general, once you "vest" in your employer matching contributions (as described in Vesting), they belong to you and cannot be forfeited unless the Internal Revenue Code contribution limits described below are exceeded. However, there are special Internal Revenue Code rules which must be satisfied and may require that the amount of your employer matching contributions be reduced. If a reduction in your employer matching contributions is necessary, you will be notified by the Plan Administrator.

Employer Discretionary Contributions

Each Plan Year, your Participating Employer may elect to make a discretionary contribution of up to 3% of your Compensation with respect to that Participating Employer. You will not receive an employer discretionary contribution for a Plan Year unless the board of directors of your Participating Employer or its delegate specifically provides for employer discretionary contributions for the Plan Year. The level of employer discretionary contributions may vary among Participating Employers for any Plan Year.

If your Participating Employer elects to make a discretionary contribution, you will be eligible to receive an employer discretionary contribution if you are employed as an Eligible Employee at any time during the last payroll period ending with the Plan Year to which the employer discretionary contributions relate.

In general, once you "vest" in your employer discretionary contributions (as described in Vesting), they belong to you and cannot be forfeited unless the Internal Revenue Code contribution limits described on the next page are exceeded. However, there are special Internal Revenue Code rules which must be satisfied and may require that the amount of your employer discretionary contributions be reduced. If a reduction in your employer discretionary contributions is necessary, you will be notified by the Plan Administrator.

After-Tax Non-Roth Voluntary Employee Contributions

In general, after-tax non-Roth voluntary employee contributions are not permitted by the Plan. However, you may have after-tax voluntary employee contributions in your account if such contributions were transferred from the Toshiba America, Inc. 401(k) Savings Plan when the Plan was originally established.

Rollover Contributions

In general, you can roll over all or part of an "eligible rollover distribution" you received from a prior employer's qualified plan (including a 401(k) plan), 403(a) annuity plan, 403(b) plan, governmental 457(b) plan, traditional individual retirement account or annuity ("IRA"), conduit IRA, SIMPLE IRA, or SEP IRA into the Plan. If you have received a lump sum distribution from (1) a defined benefit plan maintained by a Participating Employer; (2) the Toshiba America, Inc. Retirement Plan, or (3) the Toshiba America Business Solutions, Inc. Retirement Plan, that amount may be rolled over to the Plan as long as you are a Participant, even if you are not otherwise currently eligible to make contributions to the Plan. If the rollover to the Plan is not a direct rollover (i.e., you received a cash distribution from your prior employer's plan or from your IRA), then it must generally be received by the Trustee within 60 days of your receipt of the distribution. Except for Roth rollover contributions, no after-tax amounts may be rolled over into the Plan. Roth rollover contributions are direct rollovers to the Plan from the Roth contribution arrangement of a prior employer's qualified plan, 403(b) plan, or governmental 457(b) plan.

However, before accepting any rollover contributions, the Plan Administrator must determine to its satisfaction that accepting such contributions is permitted under Internal Revenue Code rules.

If you do not specify the investment fund or funds to which your contributions will be rolled over, your contributions will be rolled over according to your current mix of investment funds elected. If you have not made an investment election, your contributions will be rolled over to the Plan's qualified default fund as would apply to you if you were subject to automatic enrollment in the Plan at the time of your contribution. Call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information about the qualified default fund that would apply to you.

In-Plan Roth Rollover Contributions

You may also elect to transfer your eligible rollover distributions or vested elective deferral contributions, employer matching contributions or employer discretionary contributions to a Roth conversion account. Amounts transferred to a Roth conversion account are referred to as in-Plan Roth rollover contributions. Call (714) 669-2412 if you are a Canon Medical Systems employee or (847) 573-6007 if you are a Canon Medical Research employee for more information on how to make an in-Plan Roth rollover.

Internal Revenue Code Limits on Contributions

Federal law generally requires that the total contributed to your Account each year (including Company contributions but not including rollover contributions or catch-up contributions) may not exceed the lesser of:

$58,000 (this dollar amount is subject to adjustment each year); or
100% of your annual compensation.

Total contributions under the Plan, along with employer contributions under any other defined contribution plan sponsored by an Affiliated Employer may not exceed the above limits. If this does occur then excess contributions in your Account may be forfeited (Company contributions only) or refunded to you. Income tax consequences may apply to you on any refund. You will be notified by the Plan Administrator if you will be subject to reduced contributions on your behalf.

The above limit on total contributions (Company contributions plus elective deferrals and Roth elective deferrals) inludes the $19,500 limit on elective deferrals and Roth elective deferrals discussed above.

Investments

You will have the opportunity to direct the investment of your Account among a variety of investment funds. Descriptions of these investment funds are found in the materials provided to you when you first became eligible to participate in the Plan, or replacement Fact Sheets provided from time to time. If you would like to receive additional copies of these materials, you may request them through the Plan's voice response system at 800-922-9945 or by using the Plan's interactive web site at rps.troweprice.com.

You may redirect the investment of your future contributions or transfer any portion of your existing Account balance among the investment funds, including requesting a one time "rebalancing" or periodic automatic "rebalancing", by calling the Plan's voice response system at 800-922-9945 or by using the Plan's interactive web site at rps.troweprice.com. Requests made before 4 P.M., Eastern Time, will generally be processed on the same day. Requests made on a business day after 4 P.M., Eastern Time, will require an additional business day to process. Please note, if you have made an excessive number of changes to the allocation of your Account among the Plan's investments or are making a request to invest $500,000 or more in a single investment option, you may be required to call the Plan's voice response system at 800-922-9945 instead of using the Plan's interactive web site. In addition, certain investment options may restrict a Participant's exchange into a fund for a period of 30 calendar days after the Participant has exchanged out of the same fund.

The Plan Administrator may, with notice to the extent required by law, change the available investment funds and/or alter the procedures governing the investment of your Account in the investment funds at any time.

Please note, certain investment options impose redemption fees unless a minimum holding period is satisfied. For more information on the funds that are affected by these fees and when these fees apply, please contact the Plan's voice response system at 1-800-922-9945 or log on to the Plan's interactive web site at rps.troweprice.com.

See Plan Expenses and Costs for a description of additional fees that may apply to your Account.

Self-Directed Plan Notice

The Employee Retirement Income Security Act of 1974 ("ERISA") imposes certain duties on the parties who are responsible for the operation of the plan. These parties, called fiduciaries, have a duty to manage plan assets in a prudent manner. However, an exception exists for plans which comply with ERISA Section 404(c) and permit a participant to exercise control over the assets in his or her Account and choose from a broad range of investment alternatives. This Plan is intended to be a Section 404(c) plan. This means that you, not the Plan fiduciaries, the Company, or the Participating Employers are responsible for investment decisions relating to the assets in your Account. Pursuant to ERISA Section 404(c)(5), this same rule applies if you are invested into the plan's qualified default investment alternative, whether because you are automatically enrolled in the Plan or are credited with employer discretionary contributions.

Vesting

The term "vesting"' refers to your nonforfeitable right to the money in your Account. You are always 100% vested in your own elective deferral contributions, Roth elective deferral contributions, catch-up contributions, rollover contributions, Roth rollover contributions, and in-Plan Roth rollover contributions (and earnings on these types of contributions).

Special Rule for Employer Matching and Employer Discretionary Contributions

You will vest in employer matching contributions and employer discretionary contributions (and earnings on these contributions) based on the following schedule:

YEARS OF SERVICE	% VESTED
Less than 1	0%
At least 1 but less than 2	25%
At least 2 but less than 3	50%
At least 3 but less than 4	75%
4 or more	100%

In addition, you will become 100% vested in these amounts if, while you are still an Employee of an Affiliated Employer, you (1) reach your Normal Retirement Date, (2) reach your Early Retirement Date, (3) incur a disability, or (4) die. If you were a participant in certain predecessor plans, you may become 100% vested at an earlier age. Also, if you either (a) are employed by a Participating Employer on the date a "change in control event" occurs in relation to that Participating Employer, or (b) terminated employment with that Participating Employer no earlier than 30 days before the "change in control event" occurs, you will become 100% vested in these amounts. Finally, if you die while performing "qualified military service," you will become vested in these amounts to the extent required by the Internal Revenue Code. Call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information.

The Plan considers you disabled if you have been approved to receive Social Security disability benefits.

Forfeitures

If you are not 100% vested when your employment with an Affiliated Employer terminates, your unvested interest in employer matching contributions and employer discretionary contributions made on your behalf will be forfeited on the earlier of:

The date you receive a distribution of your entire vested Account; or
The date you incur five one-year periods of severance (as described below).

However, if you are not vested in any portion of your Account (for example, you have not made any elective deferrals or Roth elective deferrals and you are 0% vested in any employer discretionary contributions) at the time of your termination, your employer matching contributions and employer discretionary contributions will be forfeited immediately.

Forfeitures of employer matching contributions and employer discretionary contributions are generally used to reduce the Company's contributions to the Plan (including qualified non-elective contributions, qualified matching contributions, and the earnings thereon) but may be used for any other legally permitted purpose.

Reemployment

If you are reemployed by an Affiliated Employer before you have incurred five one-year periods of severance, your Years of Service credited both during your prior period of employment and after rehire will be counted in determining the extent to which you are vested in employer matching contributions and employer discretionary contributions made during your prior period of employment. Also, any employer matching contributions and employer discretionary contributions that had been forfeited because you received a distribution of your entire vested Account as a result of your most recent termination will be restored (without any adjustment for gains or losses during the period during which your matching contributions or discretionary contributions were forfeited). If, however, you are reemployed after incurring five one-year periods of severance, your previously unvested employer matching contributions and employer discretionary contributions will have been permanently forfeited and your Years of Service after reemployment will not enable you to vest in those permanently forfeited employer matching contributions and employer discretionary contributions.

Regardless of whether or not you are reemployed before incurring five one-year periods of severance, your Years of Service from both your prior period of employment and your new period of employment will be counted in determining the extent to which you are vested in employer matching contributions and employer discretionary contributions made on your behalf after you are rehired.

If you are reemployed within 12 months of your last termination date, your gap in service will be counted towards your total Years of Service.

Definition of Severance from Service Date and Period of Severance

A period of severance generally begins on the first day of the month following your severance from service date. Your severance from service date is the date you quit, are discharged, retire, or die. However, if you terminate employment for any other reason, your severance from service date is the first anniversary of the date of your termination of employment (or the date you quit, are discharged, retire, or die, if earlier than the first anniversary of the date of your termination of employment), or, if your termination of employment and continuing absence is due to qualifying maternity or paternity leave, the second anniversary of the date of your termination of employment.

Loans

You may obtain a loan from amounts in your Account based upon the following procedures. You must be an active Participant to request a loan.

Application Procedure

You may begin the loan application process by calling the Plan's voice response system at 800-922-9945 or by using the Plan's interactive web site at rps.troweprice.com. When you call the Plan's voice response system or log on to the Plan's interactive web site, you may, in most cases, model the loan options available to you and request a loan application package which will then be sent to you by T. Rowe Price.

The loan application package will contain an amortization schedule and promissory note based on the Plan's loan procedures. You will have thirty days from your request to return the loan application package to T. Rowe Price. If you do not return your loan application package to T. Rowe Price within this period, you will need to request a new loan application package.

Once your loan application package has been reviewed and approved, T. Rowe Price will (based on your election) send a check to you, or send you a wire, for the amount of your loan.

Loan Amount

The minimum loan amount is $1,000. The maximum amount is the lesser of one-half of your vested Account balance or $50,000 reduced by the highest outstanding loan balance in your Account during the prior twelve-month period. Your vested Account balance will be used as collateral for any loan. If you are eligible for a distribution from the Plan (other than a hardship distribution), the Plan has the ability to foreclose on that collateral in the event of default by reducing the value of your vested Account.

Source of Loan Proceeds

Loan proceeds will be withdrawn on a pro-rata basis from each investment option held in your Account. However, you may not take a loan of amounts attributable to after-tax voluntary employee contributions, Roth elective deferral contributions, Roth rollover contributions, or in-Plan Roth rollover contributions.

Maximum Number of Loans

You may only have one loan outstanding at any given time. If you have an existing loan, your loan application will not be approved. You may not refinance an existing loan or obtain a second loan for the purpose of paying off an existing loan. You may not receive a new loan within 30 days of paying off an outstanding loan.

Applicable Interest Rate

The applicable loan interest rate is updated on the first business day in January and July of each year. This interest rate is based on the "prime rate" listed in the Wall Street Journal on the last business day of the prior month plus 1%.

Duration of Loans

In general, all loans must be repaid over a five-year period. However, if a loan is for the purchase of your principal residence, the loan may be repaid over a ten-year period.

Repayment of Loans

Loan repayments must be made via payroll deduction and will be deducted in equal installments from each paycheck until your loan is repaid in full. It is your responsibility to make sure that payments are being deducted from your paycheck. If loan repayments do not start by the payroll following the date on which your loan is issued, you should contact your payroll department. If you fail to contact your payroll department, you will be responsible for making-up all missed payments.

If you terminate employment, you may continue to make scheduled loan repayments by authorizing T. Rowe Price to debit your checking or savings account for your scheduled loan repayment. This debit will occur once per month. Payments may also be made by certified check, money order, or cashier's check.

If you are on an unpaid leave of absence and receiving workers compensation, short-term disability or other compensation equal to or greater than your required loan payments, you must continue making your required loan payments. For information regarding your payments, please call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee. If, however, you are on an unpaid leave of absence and are not receiving workers compensation, short-term disability or other compensation equal to or greater than your required loan payments, you may suspend your loan repayment until the earlier of (1) twelve months after the start of your leave of absence or (2) your return to work. At such time, you will have the option of making a balloon payment to bring your loan repayments current, or you may re-amortize the unpaid balance over the original loan term. In either case, any missed repayments, absent a cure (i.e., payment of the missed payments as permitted and required by law, the Plan's provisions, and any procedures adopted by the Plan Administrator), will be processed as taxable distributions.

You may also pay off your loan in full at any time. Loan repayments will be invested based on your investment elections in effect at the time each repayment is received.

Default

A loan is delinquent once the Participant misses a payment. If a second payment is missed, then the Participant shall be notified in writing of the deadline for curing the delinquency and bringing the loan current. The deadline shall be the end of the next calendar quarter following the quarter in which the first payment was missed. Thus, if the first missed payment was due on April 1, the cure period end date would be September 30. If the Participant does not bring the loan current by the cure period end date, then the remaining amount of the loan will be processed as a taxable distribution.

Withdrawals During Employment

Withdrawals After Age 59½

If you have reached age 59½, you may elect to withdraw all or a portion of your vested Account. You can call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information.

You may make this election by contacting the Plan's voice response system at 800-922-9945 or by using the Plan's interactive web site at rps.troweprice.com.

In-Service withdrawals will be withdrawn from your Account in the following order:

First, from your voluntary employee contributions account;
Second, from your rollover contributions;
Third, from the vested portion of your employer matching contributions;
Fourth, from the vested portion of your employer discretionary contributions;
Fifth, from any qualified non-elective contributions made by the Company on account of Internal Revenue Service requirements;
Sixth, from your elective deferral contributions;
Seventh, from your Roth rollover contributions;
Eighth, from your Roth elective deferral contributions; and
Ninth, from your in-Plan Roth rollover contributions.

Any earnings on these contributions will be distributed in the same order. Your interest in each investment fund will be liquidated in accordance with procedures established by the Plan Administrator. You can call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information.

Hardship Withdrawals

If you experience a financial hardship, you may initiate a withdrawal of any portion of your vested Account balance (other than Roth elective deferral contributions, Roth rollover contributions, and in-Plan Roth rollover contributions) at any time; provided that beginning January 1, 2021, you may only take a hardship withdrawal if the amount withdrawn is at least $500, and you will be limited to two such withdrawals in each calendar year.

If you wish to take a hardship withdrawal you must initiate a hardship distribution package by calling the Plan's voice response system at 800-922-9945 or by using the Plan's interactive web site at rps.troweprice.com. You should then complete the package and return it to T. Rowe Price.

Your hardship withdrawal package will be reviewed to see if you have an immediate or heavy financial need caused by one of the following:

Medical expenses incurred by you, your spouse, your children, your other dependents, or your primary beneficiary;
Purchase of your principal residence (excluding mortgage payments);
Payment of tuition, related educational fees, and room and board expenses, for the next twelve months of post-secondary education for you, your spouse, your children, your other dependents, or your primary beneficiary;
The need to prevent either your eviction from your principal residence or the foreclosure of the mortgage on your principal residence;
Payment of burial or funeral expenses for your deceased parent, spouse, children, dependents or primary beneficiary;
Expenses for the repair of damage to your principal residence that would qualify for the "casualty deduction" rules under section 165 of the Internal Revenue Code (determined regardless of whether the loss is attributable to a federally-declared disaster and whether the loss exceeds 10% of adjusted gross income); or
Expenses and losses (including loss of income) incurred by you on account of a disaster declared by FEMA (provided that, at the time of the disaster, your principal residence or principal place of employment was located in an area designated by FEMA for individual assistance with respect to the disaster).

In addition, the following conditions must be met:

You must have already taken all other distributions (other than loans) available from all plans sponsored by Affiliated Employers;
The distribution must not be in excess of the amount of your financial need (including amounts necessary to pay any taxes or penalties resulting from the withdrawal); and
You must provide the Plan Administrator with a written representation that you have insufficient cash or other liquid assets reasonably available to satisfy the financial need.

Hardship withdrawals will be withdrawn from your Account in the following order:

First, from your voluntary employee contributions account;
Second, from your rollover contributions account;
Third, from the vested portion of your employer matching contributions account;
Fourth, from the vested portion of your employer discretionary contributions account;
Fifth, from your qualified non-elective contributions account;
Sixth, from your qualified matching contributions account; and
Seventh, from your elective deferral contributions account.

Hardship withdrawals are not withdrawn from your Roth elective deferral contributions, Roth rollover contributions, or in-Plan Roth rollover contributions. However, you may withdraw your Roth rollover contributions at any time as discussed in the following sub-section.

Your interest in each investment fund will be liquidated in accordance with procedures established by the Plan Administrator. You can call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information.

Withdrawal of Rollover Contributions and Roth Rollover Contributions

You may withdraw your rollover contributions, Roth rollover contributions, and earnings on your rollover and Roth rollover contributions at any time. To initiate a withdrawal of your rollover contributions, please contact the Plan's voice response system at 800-922-9945 or log on to the Plan's interactive web site at rps.troweprice.com.

Distribution of Benefits

Benefit on Termination of Employment

If your employment with the Affiliated Employers terminates, you may elect to receive a distribution of your vested Account balance from the Plan at any time.

Please contact the Plan's voice response system at 800-922-9945 or log on to the Plan's interactive web site at rps.troweprice.com to request a distribution or to elect to defer payment of your vested Account.

Marital Status

For all Plan purposes, the term "spouse" includes an opposite or same-sex spouse. However, if you have entered into a civil union or other similar formal relationship recognized under state law (whether as part of an opposite-sex or same-sex couple) that is not recognized as a marriage under the laws of that state, you are considered single for Plan purposes unless otherwise stated in this SPD.

Death Benefit

If you die, your beneficiary or beneficiaries will be entitled to receive your vested Account balance in a single lump sum payment; provided that installment payments will be available to the extent an investment product under the Plan requires this form of payment.

You may designate a beneficiary or beneficiaries on a beneficiary designation form. The completed beneficiary designation form must be filed with the Plan Administrator. If you are married and want to designate someone other than your spouse as your primary beneficiary, then your spouse must consent to this designation by signing the form. His or her signature must be witnessed by a notary public. You should contact the Plan's voice response system at 800-922-9945 or log on to the Plan's interactive web site at rps.troweprice.com to obtain a beneficiary designation form.

Payment of your in Account to a non-spouse beneficiary must commence by December 31 of the year following your death. Payment of your Account to a spouse beneficiary may be deferred by a spouse beneficiary until the end of the calendar year in which you would have reached age 72 (or 70½ as applicable—see Required Distributions). In addition, if your Account is $5,000 or less at the time or your death, your Account will be paid out of the Plan as soon as administratively practicable after your death as long as your vested Account balance is still $5,000 or less at the time of actual distribution. Post-death distributions must also comply with distribution requirements described in the section titled Required Distributions.

It is important that you keep your local benefits department informed of your beneficiary's proper name and address at all times. This will ensure that your chosen beneficiary will receive the death benefit available under the Plan.

As a general rule, if you are married and do not designate a beneficiary, your beneficiary will automatically be your spouse. If you get divorced without being subject to a "qualified domestic relations order" (as defined under Non-Transferability of Plan Benefits) and do not designate a new beneficiary, or if your beneficiary does not survive you, your Account will be distributed in accordance with the terms of the Plan. You can call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information.

Disability Retirement Benefit

If you become disabled while you are employed by an Affiliated Employer, the full value of your vested Account balance may be distributed to you upon request. The Plan considers you disabled if you are approved to receive Social Security disability benefits. Please contact the Plan's voice response system at 800-922-9945 or log on to the Plan's interactive web site at rps.troweprice.com to request a distribution.

Form of Distribution

In general, your vested Account will be paid to you or your beneficiary in a single, lump sum payment.

However, if you have terminated employment with all Affiliated Employers for a reason other than death, you may choose from one of the following cash distribution options:

Lump Sum Distribution (Whole or Partial). You may elect to receive your Account balance as one lump sum payment or in a partial lump sum payment; or
Installment Payments. You may elect to receive your Account balance in monthly, quarterly, semi-annual or annual installment payments. Additional distribution rights apply if you were a participant in certain predecessor plans. Call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information.

To elect a distribution option, please contact the Plan's voice response system at 800-922-9945 or use the Plan's interactive web site at rps.troweprice.com.

Additionally, if your entire vested Account is not distributed prior to your death, your beneficiary will receive your remaining vested Account as a single lump sum payment; provided that installment payments will be available to the extent an investment product under the Plan requires this form of payment.

You (or your surviving spouse beneficiary) may roll over the portion of your distribution that is an "eligible rollover distribution" (i.e., most payments that are not "required minimum distributions", hardship distributions, or annuity payments) to an IRA or another employer's qualified plan, 403(a) annuity plan, 403(b) plan, or governmental 457(b) plan, if it accepts rollover contributions. A rollover may also be made to a Roth IRA. Distributions may be eligible rollover distributions even if they contain Roth elective deferral contributions, Roth rollover contributions, or in-Plan Roth rollover contributions; however, the part of the distribution containing those contributions may generally only be rolled over via a direct rollover to the Roth contribution arrangement of another qualified plan, 403(b) plan, governmental 457(b) plan, or via a direct or indirect rollover to a Roth IRA. Distributions may be eligible rollover distributions even if they contain after-tax voluntary employee contributions; however, the part of the distribution containing those contributions may only be rolled over to an IRA, or, via a direct rollover, to another employer's qualified plan or an annuity contract described in Section 403(b) of the Code that agrees to separately account for amounts so transferred.

You may roll over your distribution by:

Receiving a distribution of your vested Account in cash and then contributing the amount distributed (or a portion of this amount) to an IRA or the other employer's plan; or
Having your distribution directly rolled over (a "direct rollover") to an IRA or the other employer's plan.

If you elect to have your distribution paid to you and then want to roll it over to an IRA or another tax-qualified retirement plan, you must roll over the distribution within 60 days of receipt.

If your beneficiary is not your surviving spouse, your beneficiary may make only a direct rollover to an IRA or Roth IRA that will be treated as an inherited IRA for purposes of the Internal Revenue Code.

Any taxable distribution paid directly to you will be subject to mandatory Federal income tax withholding of 20% of the requested distribution (a direct rollover will not be subject to this Federal income tax withholding). You will receive 80% of the taxable distribution and the other 20% will be sent to the IRS as Federal income tax withholding for that year. If you want to make an indirect rollover (i.e., a rollover of an eligible rollover distribution first paid to you) of 100% of the taxable distribution, you will need to replace the 20% the Plan sent to the Internal Revenue Service. You cannot elect out of this tax withholding. This withholding is not a penalty, but rather a prepayment of your Federal income taxes.

You will pay income tax on the amount of any otherwise taxable distribution you receive from the Plan unless it is rolled over into an IRA or another tax-qualified plan.

A 10% IRS premature-distribution penalty tax may also apply to your taxable distribution if it is made prior to your reaching age 59-1/2 (or age 55 if you have terminated employment) unless it is rolled over into an IRA or another tax-advantaged plan. The 20% Federal income tax withheld under this section may not cover your entire income tax liability. Please contact your individual tax advisor for more information on this issue.

Special Rules for Account Balances That are $5,000 or Less When You Terminate Employment

If the value of your vested Account balance at the time you terminate employment is $5,000 or less, your Account will be paid out of the Plan as soon as administratively practicable after your termination of employment as long as your vested Account balance is still $5,000 or less at the time of actual distribution. You will not be eligible to elect to defer payment of your vested Account balance until a later date. The manner in which your vested Account balance will be paid out depends on the total value of your vested Account as follows:

If you have reached the later of age 62 or your Normal Retirement Date, regardless of the total value of your vested Account, you may elect to have your Account balance paid directly to you in cash or rolled over to an IRA or eligible retirement plan of your choice. If you do not make an election, the entire amount will be distributed to you in a single payment of cash within a reasonable period of time after your employment ends.
If the total value of your vested Account is $5,000 or less (including rollover and Roth rollover contributions and earnings on these contributions) and you have not reached the later of age 62 or your Normal Retirement Date, you may elect to have your Account balance paid directly to you in cash or rolled over to an IRA or Roth IRA or eligible retirement plan of your choice. If, however, under these circumstances, you do not make an election, your entire vested Account (except for an offset to your Account to repay a plan loan) will be automatically rolled over directly to an IRA or Roth IRA established in your name by the Plan Administrator.

Please note that the value of your vested Roth amounts and your vested non-Roth amounts will be considered separately for the purpose of determining whether the value of your vested Account is $5,000 or less (including your rollover or Roth rollover contributions and earnings, as applicable).

If an IRA or Roth IRA is established in your name by the Plan Administrator, your IRA or Roth IRA will be invested in the T. Rowe Price Prime Reserve Fund, which is designed but not guaranteed to preserve your principal account balance, provide a reasonable rate of return, and maintain liquidity. Fees and expenses charged for the establishment and maintenance of your IRA or Roth IRA will be paid directly from your IRA. Please call 714-669-2412 if you are a Canon Medical Systems employee or 847-573-6007 if you are a Canon Medical Research employee for more information about the qualified default fund that would apply to you.

Required Distributions

You are required by law to start receiving minimum required distributions from the Plan no later than April 1 of the calendar year following the calendar year in which you turn 72 (or, if you were born before July 1, 1949, the year in which you turn 70½) or terminate your employment, whichever is later. Once you start receiving minimum required distributions you should receive them at least annually. Also, distributions to beneficiaries must commence within certain periods required by the Internal Revenue Code. Please contact your individual tax advisor for more information about minimum required distributions.

Current Address and Application for Benefits

Please note, your benefit payments may be delayed if you do not apply for benefits, fail to provide information requested by the Plan Administrator, or fail to keep your current address on file with the Plan Administrator. Please contact the Plan's voice response system at 800-922-9945 or log on to the Plan's interactive web site at rps.troweprice.com for more information.