Distributions

You are required to make a distribution election for each deferral. You decide:

• When your money will be paid. You can have your money paid either when you leave Juniper or on a specific date while you are still an active Juniper employee—in this case, you must select a date that is at least two full calendar years after this year. For example, deferrals made in 2025 cannot be paid out before January 1, 2028. Your money will be paid after the event that occurs first.
• How your money will be paid. You can choose to take your money either as a lump sum or in annual installments. If you select installments, you can choose to have them paid over two to 15 years.

Other key considerations:

Changing your distribution elections. The distribution election you made when you elected to defer a particular year’s compensation will remain in effect unless you change it.

• If you decide to make a change, you can delay these distributions by five years or more, as long as your change is in place at least 12 months before the distributions were originally scheduled to begin. For example, if you want to change an election with a payment date of January 1, 2026, your new payment date can be no earlier than January 1, 2031, and your change election must be in place by January 1, 2025.
• If you change a distribution election after you have left the company, you can delay your payment for no more than 15 years after the original payment date.

If you leave or retire from Juniper. If your balance is less than $15,000, or if you have less than four years of service, your balance will be paid in a lump sum. Otherwise, you will receive your money in the way you elected to have it paid to you. Your balance will be paid no sooner than six months after your termination date.

If you die. When you enroll, you must designate a beneficiary to receive your balance. If you die before you have received your entire balance, your beneficiary will receive the rest of your balance in a lump sum amount (even if you have elected to receive or are receiving installment payments).

If you are disabled. If you experience a long-term disability, you will receive your money in the way you elected to have it paid to you. Your payment will be made as soon as administratively possible after Fidelity is notified of the disability.

If you have an unforseeable emergency. You may receive a "hardship" distribution if you experience a financial emergency. Your request for a distribution must receive Investment Committee approval. You will receive your distribution within 60 days of receiving committee approval.