Common use of Participant Survived By Designated Clause in Contracts

Participant Survived By Designated. Beneficiary - If the Participant dies on or after the date distributions begin and there is a designated Beneficiary, 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 longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows:

Appears in 4 contracts

Samples: Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (FNB United Corp.), Century Bancorp Inc

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Participant Survived By Designated. Beneficiary - If Except as provided in the Adoption Agreement, if the Participant dies on or after before the date distributions begin and there is a designated Beneficiary, 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 longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows:provided in paragraph 17.11.

Appears in 3 contracts

Samples: Prototype Defined Contribution Plan (FNB United Corp.), Prototype Defined Contribution Plan (United Community Bancorp), Idt Corp

Participant Survived By Designated. Beneficiary - If the Participant dies on or after before the date distributions begin and there is a designated Beneficiary, 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 's Account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s 's designated Beneficiary, determined as follows:provided in Section 5.12(c)(vi).

Appears in 2 contracts

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

Participant Survived By Designated. Beneficiary - If the Participant dies on or after before the date required distributions begin and there is a designated Designated Beneficiary, 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 longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Designated Beneficiary, determined as follows:provided in paragraph 7.10.

Appears in 2 contracts

Samples: Prototype Defined Contribution Plan (Athens Bancshares Corp), Sterling Chemicals Inc

Participant Survived By Designated. Beneficiary - If the Participant dies on or after the date distributions begin and there is a designated Designated Beneficiary, 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 longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Designated Beneficiary, determined as follows:

Appears in 2 contracts

Samples: Prototype Defined Contribution Plan (Athens Bancshares Corp), Sterling Chemicals Inc

Participant Survived By Designated. Beneficiary - If the Participant dies on or after the date distributions begin and there is a designated Beneficiary, 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 's Account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s 's designated Beneficiary, determined as follows:

Appears in 2 contracts

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

Participant Survived By Designated. Beneficiary - If Except as provided in the Adoption Agreement (or in a separate IRS model amendment, if applicable), if the Participant dies on or after before the date distributions begin and there is a designated Designated Beneficiary, 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 benefit by the longer of the remaining life expectancy of the Participant or the remaining life expectancy Life Expectancy of the Participant’s designated Designated Beneficiary, determined as follows:provided in Section 5.05(D)(1).

Appears in 1 contract

Samples: Adoption Agreement (Kimball Electronics, Inc.)

Participant Survived By Designated. Beneficiary - If Except as provided in the Adoption Agreement, if the Participant dies on or after before the date distributions begin and there is a designated Beneficiary, 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 longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows:provided in paragraph 17.11. .(b)

Appears in 1 contract

Samples: Measurement Specialties Inc

Participant Survived By Designated. Beneficiary - If the Participant dies on or after the date distributions begin and there is a designated Beneficiary, 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 longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows:

Appears in 1 contract

Samples: www.ncompliance.com

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Participant Survived By Designated. Beneficiary - If — Except as provided in the Adoption Agreement, if the Participant dies on or after before the date distributions begin and there is a designated Beneficiary, 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 longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows:provided in paragraph 17.11.

Appears in 1 contract

Samples: Century Bancorp Inc

Participant Survived By Designated. Beneficiary - If Beneficiary. Unless the 5-year rule of section 13.02(B)(3) is elected, if the Participant dies on or after before the date distributions begin and there is a designated Beneficiarybeneficiary, 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 's account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s 's designated Beneficiarybeneficiary, determined as follows:provided in section 13.04(A).

Appears in 1 contract

Samples: Plan Document and Trust Agreement (Stonepath Group Inc)

Participant Survived By Designated. Beneficiary - Beneficiary- If the Participant dies on or after the date distributions begin and there is a designated Beneficiary, 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 longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s 's designated Beneficiary, determined as follows:

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

Participant Survived By Designated. Beneficiary - If the Participant dies on or after the date distributions begin and there is a designated Designated Beneficiary, 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 benefit by the longer of the remaining life expectancy Life Expectancy of the Participant or the remaining life expectancy Life Expectancy of the Participant’s designated Designated Beneficiary, determined as follows:

Appears in 1 contract

Samples: Adoption Agreement (Kimball Electronics, Inc.)

Participant Survived By Designated. Beneficiary - If Beneficiary- Except as provided in the Adoption Agreement, if the Participant dies on or after before the date distributions begin and there is a designated Beneficiary, 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 's account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s 's designated Beneficiary, determined as follows:provided in paragraph 17.11.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

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