Required Distribution Sample Clauses

Required Distribution. Notwithstanding anything herein to the contrary, unless the Participant has made an appropriate election by December 31, 1983 to defer distribution which has not been revoked or modified, the Participant's benefit shall be distributed to the Participant not later than April 1 of the calendar year following the calendar year in which he attains age 70-1/2 (the required beginning date) or shall be distributed, commencing not later than April 1 of such calendar year in accordance with regulations prescribed by the Secretary of the Treasury over a period not extending beyond the life expectancy of the Participant or the life expectancy of the Participant and a beneficiary designated by the Participant. The amount required to be distributed for each calendar year, beginning with distributions for the first distribution calendar year, must at least equal the quotient obtained by dividing the Participant's benefit by the applicable life expectancy. Unless otherwise elected by the Participant (or spouse, if distributions begin after death and the spouse is the designated beneficiary) by the time distributions are required to begin, the life expectancy of the Participant and the Participant's spouse shall be recalculated annually. Other than for a life annuity, such election shall be irrevocable as to the Participant or spouse and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Life expectancy and joint and last survivor expectancy shall be computed by use of the expected return multiples in Tables V and VI of Section 1.72-9 of the Treasury Regulations. For calendar years beginning after December 31, 1988, the amount to be distributed each year, beginning with distributions for the first distribution calendar year shall not be less than the quotient obtained by dividing the Participant's benefit by the lesser of (1) the applicable life expectancy or (2) if the Participant's spouse is not the designated beneficiary, the applicable divisor then determined from the table set forth in Q&A-4 of Section 1.401(a)(9)-2 of the proposed regulations. Distributions after the death of the Participant shall be distributed using the applicable life expectancy as the relevant divisor without regard to Proposed Regulations Section 1.401(a)(9)-2. The minimum distribution for subsequent calendar years, including the minimum distribution for the distribution calendar year in which the Participant's required beginning date o...
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Required Distribution. (a) Certificate Holder: The entire interest of the Certificate Holder will be distributed TO CONTRACT HOLDER/ or begin to be distributed no later than April 1 BENEFICIARY: following the calendar year in which the Certificate Holder attains age 70 1/2 (required beginning date), over (a) the life of the Contract Holder, or the lives of the Contract Holder and his or her designated Beneficiary, or (b) a period certain not extending beyond the life expectancy of the Contract Holder, or the joint and last survivor expectancy of the Contract Holder and his or her designated Beneficiary. Payments must be made in periodic payments at intervals no longer than one year. In addition, payments must be either nonincreasing or they may increase only as provided in Q&A F-3 of section 1.401(a)(9)-1 of the Proposed Income Tax Regulations.
Required Distribution. Notwithstanding any provision to the contrary, a Participant’s Accounts will be distributed to him in accordance with the requirements of Code Section 401(a)(9) and Article XVI.
Required Distribution. Unless a Participant elects to defer receipt of his benefits, payment must begin no later than the sixtieth (60th) day after the close of the Plan Year in which the latest of the following events shall occur: (a) the Participant reaches the earlier of age sixty- five (65) or Normal Retirement Age, (b) the termination of the Participant’s Service with the Employer, or (c) the tenth anniversary of the year in which the Participant commenced participation in the Plan. Notwithstanding any other provisions of this Plan, distributions must commence no later than the Participant’s “required beginning date.” The required beginning date of each Participant shall be April 1 of the calendar year following the later of (a) the calendar year in which the Participant attains age seventy and one-half (70½) or (b) the calendar year in which the Participant retires. The preceding sentence shall not apply to a five percent owner (as defined in the definition of Key Employee in Article III of this Agreement) and the required beginning date as to such five percent owner shall be April 1 of the calendar year following the calendar year in which such owner attains age seventy and one-half (70½).
Required Distribution. Employer agrees to distribute to all enrollees copies of the Combined Evidence of Coverage/Disclosure Form for EAP and Supplemental Substance Abuse benefits as provided by Xxxxxx. Employer also agrees to disseminate any materials supplied by Xxxxxx, in accordance with legal or contractual requirements, to its enrollees by its next regular communication to eligible employees, but in no event later than thirty (30) days after receipt by Employer. Additionally, if an enrollee requests a copy of the Group Contract from the Employer, the Employer will provide such copy.
Required Distribution. Non-Qualified Certificate Agreements Required Distribution-TSAs, IRAs, and Certificate Agreements Issued under Qualified Plans DEATH PROVISIONS.......................................................................17
Required Distribution i. Only products in the following packtypes qualify for distribution: Standard Bars, King Size Bars, Super King Size Bars, Peg Bags, Theater Boxes, Licorice Bags, XL Bars, Hand to Mouth Pouches, Gum, Mints, Snack Pegs, Snack Pouches, Bakery Snack Cakes, and Bakery Snack Bars. This list is subject to change.
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Required Distribution. Notwithstanding anything in the Plan to the contrary, on and after January 1, 2003, a Member’s or Former Member’s Account shall be distributed consistent with Section XIV of the Plan Instrument.
Required Distribution. Employer agrees to distribute to all Enrollees copies of the Evidence of Coverage and Disclosure Form as provided by HPCC (See “Exhibit B”). Additionally, Employer agrees to disseminate any materials supplied by HPCC, in accordance with legal or contractual requirements, to its Enrollees by its next regular communication to Eligible Employees, but in no event later than thirty (30) days after receipt by Employer.
Required Distribution 
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