Distribution Beginning Before Death. This paragraph is applicable only after the Participant’s Required Beginning Date as elected by the Employer in the Adoption Agreement. If the Participant dies after distribution of his or her interest has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Participant’s death.
Appears in 7 contracts
Samples: Prototype Defined Contribution Plan (FNB United Corp.), Prototype Defined Contribution Plan (Georgetown Bancorp, Inc.), Prototype Defined Contribution Plan (United Community Bancorp)
Distribution Beginning Before Death. This paragraph is applicable only after the Participant’s 's Required Beginning Date as elected by the Employer in the Adoption Agreement. If the Participant dies after distribution of his or her interest has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Participant’s 's death.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)
