This excerpt taken from the EQR 10-Q filed May 8, 2008.
7.5 Withdrawal Due to Educational Expense
(a) All or part of the balance of an Educational Account established under Section 5.2 shall be distributed on a quarterly basis at the Participants request as the expenses described in Section 5.2 are incurred by or for the child with respect to whom the Educational Account was established. The Participants request shall be in writing, delivered to the Plan Administrator, on a form prescribed for that purpose by the Plan Administrator. The Plan Administrator may require such documentation as it deems necessary to substantiate such expenses.
(b) Notwithstanding the foregoing, 90% of the balance of an Educational Account shall be transferred back to the Account of the Participant and the balance of the Educational Account shall be forfeited as of the earlier of: (i) the date as of which the child ceases full-time pursuit of post-secondary undergraduate or graduate-level education (as applicable) for a period of more than 12 consecutive months; or (ii) with respect to (A) an Educational Account established to finance the undergraduate education of a Participants child, the childs 23rd birthday, or (B) an Educational Account established to fund the graduate education of a Participants child, the childs 28th birthday.
(c) Notwithstanding the foregoing, 100% of the balance of an Educational Account shall be transferred back to the Participants Account if the child with respect to whom the Educational Account is established dies before reaching: (i) age 23 with respect to an Educational Account established to finance the childs undergraduate education, or (ii) age 28 with respect to an Educational Account established to finance the childs post-graduate education.