Common use of No Designated Beneficiary Clause in Contracts

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 11 contracts

Samples: Adoption Agreement (Americas Carmart Inc), Adoption Agreement (LSB Bancshares Inc /Nc/), Trust Agreement (Nordson Corp)

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No Designated Beneficiary. If the Participant dies on or after the date required distributions begin and there is no designated beneficiary Designated Beneficiary as of the Participant’s death who remains a Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated under the Single Life Table, using the age of the Participant in the year of death, reduced by one (1) for each subsequent year.

Appears in 11 contracts

Samples: Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va), Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), Prototype Defined Contribution Plan (Savannah Bancorp Inc)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account Account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 10 contracts

Samples: Custodial Agreement (Pepsiamericas Inc/Il/), Custodial Agreement (Pepsiamericas Inc/Il/), Custodial Agreement (Pepsiamericas Inc/Il/)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 9 contracts

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

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s 's account balance by the Participant’s 's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 7 contracts

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Prototype Defined Contribution (Spheris Leasing LLC), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account Account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 6 contracts

Samples: And Trust Agreement (Bancfirst Corp /Ok/), For Trust Agreement (Clayton Williams Energy Inc /De), And Trust Agreement (Bancfirst Corp /Ok/)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s 's account balance by the Participant’s 's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 4 contracts

Samples: Allegiant Travel CO, Plan Document and Trust Agreement (Stonepath Group Inc), Aceto Corp

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participantparticipant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 4 contracts

Samples: Custodial Agreement, Custodial Agreement, content.lincolninvestment.com

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s 's account balance by the Participantparticipant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 3 contracts

Samples: ssfcudocs.blob.core.windows.net, ssfcudocs.blob.core.windows.net, advisor.gwnsecurities.com

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance Account Balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 3 contracts

Samples: Non Standardized (Atlas America Inc), Contribution Plan and Trust (Triad Guaranty Inc), Comstock Resources Inc

No Designated Beneficiary. If the Participant Member dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the ParticipantMember’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the ParticipantMember’s death is the quotient obtained by dividing the ParticipantMember’s account balance by the ParticipantMember’s remaining life expectancy calculated using the age of the Participant Member in the year of death, reduced by one for each subsequent year.

Appears in 3 contracts

Samples: Adoption Agreement (Ottawa Savings Bancorp, Inc.), Trust Agreement (Northeast Community Bancorp Inc), Adoption Agreement (Sugar Creek Financial Corp)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance Account Balance by the Participant’s remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 3 contracts

Samples: Plan and Trust Agreement (Leggett & Platt Inc), ING U.S., Inc., www.pinellascounty.org

No Designated Beneficiary. If the Participant Member dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the ParticipantMember’s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the ParticipantMember’s death is the quotient obtained by dividing the ParticipantMember’s account balance Account Balance by the ParticipantMember’s remaining life expectancy Life Expectancy calculated using the age of the Participant Member in the year of death, reduced by one for each subsequent year.

Appears in 3 contracts

Samples: Trust Agreement (Royal Dutch Shell PLC), Trust Agreement (Royal Dutch Shell PLC), Trust Agreement (Royal Dutch Shell PLC)

No Designated Beneficiary. If the Participant Member dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s Member=s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s Member=s death is the quotient obtained by dividing the Participant’s account Member=s Account balance by the Participant’s Member=s remaining life expectancy Life Expectancy calculated using the age of the Participant Member in the year of death, reduced by one for each subsequent year.

Appears in 2 contracts

Samples: Adoption Agreement (Sugar Creek Financial Corp./Md/), Adoption Agreement (Cape Bancorp, Inc.)

No Designated Beneficiary. If the Participant participant dies on or after the date required distributions begin and there is no designated beneficiary Designated Beneficiary as of the Participant’s date of death who remains a Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance Account Balance by the Participant’s remaining life expectancy under the Single Life Table calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 2 contracts

Samples: www.placer.ca.gov, www.fortmyersbeachfl.gov

No Designated Beneficiary. If the Participant participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s participant's death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s participant's death is the quotient obtained by dividing the Participant’s participant's account balance by the Participant’s participant's remaining life expectancy calculated using the age of the Participant participant in the year of death, reduced by one for each subsequent year.

Appears in 2 contracts

Samples: Southwest Community Bancorp, Community Bancorp

No Designated Beneficiary. If the Participant participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participantparticipant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participantparticipant’s death is the quotient obtained by dividing the Participantparticipant’s account balance by the Participantparticipant’s remaining life expectancy calculated using the age of the Participant participant in the year of death, reduced by one for each subsequent year.

Appears in 2 contracts

Samples: Employee Stock Ownership Plan (Guaranty Bancshares Inc /Tx/), First Financial Northwest, Inc.

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, then the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance Account Balance by the Participant’s remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 2 contracts

Samples: Non Standardized Prototype Adoption Agreement (Michaels Stores Inc), Littelfuse Inc /De

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s account 's Account balance by the Participant’s 's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 2 contracts

Samples: Employee Stock Ownership Plan And (Southwest Georgia Financial Corp), Employee Stock Ownership Plan And (Southwest Georgia Financial Corp)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s participant's account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Master Agreement

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Agreement (Provident Bancorp Inc/Ny/)

No Designated Beneficiary. If the Participant Member dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the ParticipantMember’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the ParticipantMember’s death is the quotient obtained by dividing the ParticipantMember’s account balance by the Participant’s Members remaining life expectancy calculated using the age of the Participant Member in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Adoption Agreement (Newport Bancorp Inc)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the calendar year after the calendar year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year after the calendar year of the Participant’s 's death is the quotient obtained by dividing the Participant’s 's account balance by the Participant’s 's remaining life expectancy calculated using the attained age of the Participant as of the Participant's birthday in the calendar year of death, reduced by one for each subsequent calendar year.

Appears in 1 contract

Samples: Adoption Agreement

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance benefit by the Participant’s remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Adoption Agreement (Kimball Electronics, Inc.)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will shall be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance Account Balance by the Participant’s remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Retirement Plan and Trust Agreement

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s account balance 's Valuation Account Balance by the Participant’s 's remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of the Participant’s death, reduced by one year for each subsequent later year.

Appears in 1 contract

Samples: www.wespath.org

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s deathDeath, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance Vested Account by the Participant’s remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of deathDeath, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Scotts Liquid Gold Inc

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, then the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account Account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Employee Stock Ownership Plan (Jagged Peak, Inc.)

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No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will shall be distributed for each distribution calendar year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s account 's Account balance by the Participant’s 's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Savings Plan Agreement

No Designated Beneficiary. If the Participant participant dies on or after the date distributions begin and there is no designated beneficiary as of the September 30 of the year after the year of the Participantparticipant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participantparticipant’s death is the quotient obtained by dividing the Participantparticipant’s account balance by the Participantparticipant’s remaining life expectancy calculated using the age of the Participant participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: www.theentrustgroup.com

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no Beneficiary designated beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s account balance 's Account Balance by the Participant’s 's remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Scotts Liquid Gold Inc

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s account 's Company Contributions Account balance by the Participant’s 's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Employee Stock Ownership Plan And (Third Century Bancorp)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s account balance 's Accrued Benefit by the Participant’s 's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent calendar year.

Appears in 1 contract

Samples: mail.cityoflex.com

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account Company Contributions Account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Trust Agreement (Union Community Bancorp)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, . reduced by one for each subsequent year.

Appears in 1 contract

Samples: Talbots Inc

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account 's Account balance by the Participantparticipant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Pax World Funds

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Ametek Inc/

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the calendar year after the calendar year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the calendar year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the attained age of the Participant as of the Participant’s birthday in the calendar year of death, reduced by one for each subsequent calendar year.

Appears in 1 contract

Samples: City And

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account Account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: epc.org

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s 's account balance by the Participant’s 's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Corvas International Inc

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the age of the Participant participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Master Defined Contribution Plan (Southern National Bancorp of Virginia Inc)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s 's account balance by the Participant’s 's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Agreement (Criimi Mae Inc)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Vulcan Materials (Vulcan Materials Co)

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will shall be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s account balance 's Account Balance by the Participant’s 's remaining life expectancy Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: Chestnut Street Exchange Fund

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no "designated beneficiary Beneficiary" as of September 30 of the year after the year of the Participant’s 's death, the minimum amount that will be distributed for each "distribution calendar year year" after the year of the Participant’s 's death is the quotient obtained by dividing the "Participant’s 's account balance balance" by the Participant’s 's remaining "life expectancy expectancy" calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Appears in 1 contract

Samples: www.mfs.com

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance Account Balance by the Participant’s remaining life expectancy Life 90 Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.. 2)

Appears in 1 contract

Samples: Penske Automotive Group, Inc.

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