Common use of Applicable Calendar Year Clause in Contracts

Applicable Calendar Year. The First Distribution Calendar Year and each such succeeding calendar year. If payments commence in accordance with paragraph 7.6 before the Required Beginning Date, the Applicable Calendar Year is the year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant’s death with the Participant’s remaining interest, the Applicable Calendar Year is the year of purchase.

Appears in 11 contracts

Samples: Prototype Defined Contribution Plan, Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), Prototype Defined Contribution Plan

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Applicable Calendar Year. The First Distribution Calendar Year Year, and each in the event of the recalculation of life expectancy, such succeeding calendar year. If payments commence in accordance with paragraph 7.6 7.4(d) before the Required Beginning Date, the Applicable Calendar Year is the year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant’s death with the Participant’s remaining interest, the Applicable Calendar Year is the year of purchase.

Appears in 6 contracts

Samples: Nonstandardized Adoption Agreement (Chicopee Bancorp, Inc.), Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (FNB United Corp.)

Applicable Calendar Year. The First Distribution Calendar Year Year, and each in the event of the recalculation of life expectancy, such succeeding calendar year. If payments commence in accordance with paragraph 7.6 7.4(e) before the Required Beginning Date, the Applicable Calendar Year is the year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant’s 's death with the Participant’s 's remaining interest, the Applicable Calendar Year is the year of purchase.

Appears in 5 contracts

Samples: East West Bancorp Inc, Adoption Agreement (Shared Technologies Cellular Inc), Non Standardized Adoption Agreement (Princeton Review Inc)

Applicable Calendar Year. The First Distribution Calendar Year Year, and each in the event of the recalculation of life expectancy, such succeeding calendar year. If payments commence in accordance with paragraph 7.6 7.4(d) before the Required Beginning Date, the Applicable Calendar Year is the year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant’s 's death with the Participant’s 's remaining interest, the Applicable Calendar Year is the year of purchase.

Appears in 3 contracts

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Thomasville Bancshares Inc

Applicable Calendar Year. The First first Distribution Calendar Year Year, and each in the event of the recalculation of life expectancy, such succeeding calendar year. If payments commence in accordance with paragraph 7.6 7.4(e) before the Required Beginning Date, the Applicable Calendar Year is the year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant’s 's death with the Participant’s 's remaining interest, the Applicable Calendar Year is the year of purchase.

Appears in 2 contracts

Samples: First Keystone Corp, First Keystone Corp

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Applicable Calendar Year. The First Distribution Calendar Year Year, and in the event of the recalculation of life expectancy, each such succeeding calendar year. If payments commence in accordance with paragraph 7.6 7.4(e) before the Required Beginning Date, the Applicable Calendar Year is the year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant’s 's death with the Participant’s 's remaining interest, the Applicable Calendar Year is the year of purchase.

Appears in 1 contract

Samples: Professionals Insurance Co Management Group

Applicable Calendar Year. The First Distribution Calendar Year Year, and each in the event of the recalculation of life expectancy, such succeeding calendar year. If payments commence in accordance with paragraph 7.6 7.4(e) before the Required Beginning Date, the Applicable Calendar Year is the year Year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant’s 's death with the Participant’s 's remaining interest, the Applicable Calendar Year is the year of purchase.

Appears in 1 contract

Samples: Standarized Adoption Agreement (Oregon Trail Financial Corp)

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