Common use of Methods of Payment Clause in Contracts

Methods of Payment. The Individual’s retirement benefits must begin to be paid to the Individual no later than the April 1 following the calendar year in which the Individual reaches age 70 1/2. Such distributions shall be made in accordance with Code Sections 408(a)(6) or 408(b)(3) and the Regulations issued thereunder. Not later than March 1 of the year following the calendar year in which the Individual reaches age 70 1/2, the Individual may elect to have the balance in the IRA paid to the Individual in:

Methods of Payment. The Individual’s retirement benefits must begin to be paid to the Individual no later than the April 1 following the calendar year in which the Individual reaches age 70 1/2. 70½. Such distributions shall be made in accordance with Code Sections 408(a)(6) or 408(b)(3) and the Regulations issued thereunder. Not later than March 1 of the year following the calendar year in which the Individual reaches age 70 1/270½, the Individual may elect to have the balance in the IRA paid to the Individual in:

Methods of Payment. The Individual’s retirement benefits must begin to be paid to the Individual no later than the April 1 following the calendar year in which the Individual reaches age 70 1/2701/2. Such distributions shall be made in accordance with Code Sections 408(a)(6) or 408(b)(3) and the Regulations issued thereunder. Not later than March 1 of the year following the calendar year in which the Individual reaches age 70 1/2701/2, the Individual may elect to have the balance in the IRA paid to the Individual in: