Common use of Participant Survived by Designated Beneficiary Clause in Contracts

Participant Survived by Designated Beneficiary. If there is a Designated Beneficiary, the RMD for each DCY after the year of the Participant's death is the quotient obtained by dividing the Participant's RMD Account Balance by the longer of the Participant's remaining Life Expectancy or the Designated Beneficiary's remaining Life Expectancy, determined as follows:

Appears in 3 contracts

Samples: Plan and Trust Agreement (Finisar Corp), Participation Agreement (Nci Building Systems Inc), Plan and Trust Agreement (Bob Evans Farms Inc)

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Participant Survived by Designated Beneficiary. If there is a Designated Beneficiary, the RMD for each DCY after the year of the Participant's ’s death is the quotient obtained by dividing the Participant's ’s RMD Account Balance by the longer of the Participant's ’s remaining Life Expectancy or the Designated Beneficiary's ’s remaining Life Expectancy, determined as follows:

Appears in 1 contract

Samples: Adoption Agreement (Knowles Corp)

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Participant Survived by Designated Beneficiary. Life Expectancy rule." If there is a Designated Beneficiary, the RMD for each DCY after the year of the Participant's death is the quotient obtained by dividing the Participant's RMD Account Balance by the longer remaining Life Expectancy of the Participant's remaining Life Expectancy or the Designated Beneficiary's remaining Life Expectancy, determined as follows:provided in Section 6.02(B)(2)(a).

Appears in 1 contract

Samples: Participation Agreement (Nci Building Systems Inc)

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