Required Commencement Date definition

Required Commencement Date means the date that the deferred compensation plan must begin to distribute all or part of an account to a surviving beneficiary.

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Required Commencement Date means the April 1 of the calendar year next following the later of the calendar year in which the Participant attains age seventy and one-half (70-1/2) or the calendar year in which his or her Separation Date occurs; provided, however, that the Required Commencement Date of a Participant who is a five percent (5%) owner (as defined in Code Section 416) of an Employer or a Controlled Group Member with respect to the Plan Year ending in the calendar year in which he or she attains age seventy and one-half (70-1/2) shall be April 1 of the next following calendar year.

Required Commencement Date means, with respect to any Participant, a date determined by the Committee for administrative reasons to be the date as of which the Participant’s vested benefit under the Plan (if any such benefit would then exist and not yet have begun to be paid) is to be paid in order to meet the requirements of Section 401(a)(9) of the Code (or, for any Participant who attained age 70-1/2 prior to January 1, 1999, in order to meet the requirements of Code Section 401(a)(9) as in effect before the effect of the Small Business Job Protection Act of 1996 is taken into account), which date shall be subject to the parameters described in the following paragraphs of this Subsection 2.1.28. The provisions of this Subsection 2.1.28 shall not only be effective as of the Effective Amendment Date but shall also, for each Prior Plan that was in effect on January 1, 2003, be effective as of January 1, 2003 with respect to any Plan Year beginning on or after that date.

Examples of Required Commencement Date in a sentence

Notwithstanding any extension of a Required Commencement Date or the Required Completion Date pursuant to this subsection 5.6.1, Lessee shall to the extent possible commence and proceed to complete the portions, if any, of the Redevelopment Work that can be completed notwithstanding such Force Majeure Delay.
Subject to contrary dates in the Notice to Proceed, the term of this Leaseback Agreement (“Leaseback Term”) shall commence on the Required Commencement Date and, unless this LBA is terminated earlier as provided in any of the LLB Agreements, the Leaseback Term shall expire on the Required Completion Date, unless such time is extended by the Parties in writing.
Notwithstanding the foregoing to the contrary, if the Commencement Date has not occurred on or before June 1, 2004 (the "Required Commencement Date"), then, in addition to the remedy set forth above, Tenant may terminate this Lease whereupon any monies previously paid by Tenant to Landlord shall be promptly reimbursed to Tenant and Tenant shall have no further obligation under this Lease.
If distributions under the Plan have commenced with respect to a Participant and the Participant dies before his entire Vested Accrued Benefit has been distributed to him, the remaining portion of such benefit shall be distributed at least as rapidly as such benefit would have been distributed to him, commencing not later than the Required Commencement Date, under the method of distribution in effect at the Participant's death.
Any extension of a Required Commencement Date or the Required Completion Date due to Force Majeure Delay shall be limited to the period of the Force Majeure Delay and no such delay shall be considered to have commenced until such time as Lessee shall have notified Director in writing of such delay.

More Definitions of Required Commencement Date

Required Commencement Date has the meaning set forth in Section 2(d)(i).

Required Commencement Date means “means April 1 of the calendar year next following the later of (a) the calendar year in which the Member attains age 70-1/2 or (b) the calendar year in which the Member’s Termination from Service occurs; provided, however, that the Required Commencement Date of a Member who is a 5-percent owner (as defined in Section 416 of the Code) of a Sponsoring Company or an Affiliated Company in the calendar year in which the Member attains age 70-1/2 shall be April 1 of the calendar year next following the calendar year in which the Member attains age 70-1/2.

Required Commencement Date means date which is the later of (i) January 1, 2015, or

Required Commencement Date shall have the meaning set forth in Section 5.6.

Required Commencement Date means September 1, 1985.

Required Commencement Date has the meaning set forth in Section 2.1 of this Agreement.

Required Commencement Date means April 1 of the calendar year following the calendar year in which the Participant (i) attains the age seventy and one-half (70 1/2) or, if later, (ii) separates from Service. Clause (ii) shall not apply in the case of any Participant who was a five percent (5%) or more owner (within the meaning of Code section 416) in the Plan Year in which he attained age seventy and one-half (70 1/2).