Common use of Five Percent Owner Clause in Contracts

Five Percent Owner. If the Distributee is a Participant who is a five percent (5%) owner (as defined in Appendix B) at any time during the Plan Year ending with or within the calendar year in which such Participant attains age seventy and one-half (70-1/2) years, then the required beginning date is the April 1 following the calendar year in which the Participant attains age seventy and one-half (70-1/2) years...

Five Percent Owner. If the Distributee distributee is a Participant who is a five percent (5%) owner (as defined in Appendix B) at any time during the Plan Year ending with or within the calendar year in which such Participant attains age seventy and one-half one‑half (70-1/270‑1/2) years, then the Participant’s required beginning date is the April 1 following the calendar year in which the Participant attains age seventy and one-half one‑half (70-1/270‑1/2) years....