Automatic Distribution Date Clause Samples

Automatic Distribution Date. April 1 of the calendar year after the year the Participant attains age 70½ or, if later, has a Severance Event.

Automatic Distribution Date. The date on which the distribution of a Participant’s Plan benefit must commence is (check one): □ The latest date permitted under Code section 401(a)(9) □ 60 days after the close of the Plan Year in which a Participant’s Severance Event occurs □ Age 70½ □ Age 65 □ Age 62 □ Age 60 □ Age 55 X Other (please specify): $1,000 (including Rollovers) must commence is the latest date permitted under Code section 401(a)(9). The date on which the distribution of a Participant’s Plan benefit of $1,000 or less (including Rollovers) must commence is 90 days from the Participant’s Severance event. Note: Regardless of the election made in this Item 20, the Automatic Distribution Date will not apply to a Participant until he or she either (1) attains age 70½ and/or (2) has a Severance Event. In addition, the date selected as an Automatic Distribution Date may not be later than the latest date permitted under Code section 401(a)(9) and regulations promulgated thereunder.

Automatic Distribution Date. The Automatic Distribution Date is April 1 of the year that follows the later of (1) the calendar year the Participant attains age 70½ or (2) retires due to a Severance Event. If the Participant postpones the required distribution due in the calendar year he or she attains age 70½ or ▇▇▇▇▇▇ employment, to the Automatic Distribution Date, the second required minimum distribution must be taken by the end of that year. The Participant’s Account will be distributed, or begin to be distributed to the Participant no later than the Participant’s Automatic Distribution Date.