Minimum Required Distributions. Effective as of January 1, 1997 through December 31, 2002, payment of a Member’s Account shall not commence later than April 1 of the calendar year following the later of (i) the calendar year in which the Member attains age 70 1/2 or (ii) the calendar year in which the Member retires; provided however, if the Member is a 5 percent owner (as described in Section 416(i) of the Code), at any time during the Plan Year ending with or within the calendar year in which the Employee attains age 70 1/2, any benefit payable to such Member shall commence no later than April 1 of the calendar year following the calendar year in which the Member attains age 70 1/2.
Minimum Required Distributions. In no event may payment of a Member's Account begin later than April 1 of the year following the calendar year in which a Member attains age 70 1/2; provided, however, if a Member attained age 70 1/2 prior to January 1, 1988, except as otherwise provided below, any benefit payable to such Member shall commence no later than the April 1 of the calendar year following the later of (i) the calendar year in which the Member attains age 70 1/2 or (ii) the calendar year in which the Member retires. Such benefit shall be paid, in accordance with the Regulations, over a period not extending beyond the life expectancy of such Member. Life expectancy for purposes of this Section shall not be recalculated annualy in accordance with the Regulations. If a Member who is a 5% owner attained age 70 1/2 before January 1, 1988, any benefit payable to such Member shall commence no later than the April 1 of the calendar year following the later of (i) the calendar year in which the Member attains age 70 1/2 or (ii) the earlier of (a) the calendar year within which the Member becomes a 5% owner or (b) the calendar year in which the Member retires. For purposes of the preceding sentence, 5% owner shall mean a 5% owner of such Member's Employer as defined in Section 416(i) of the Code at any time during the Plan Year in which such owner attains age 66 1/2 or any subsequent Plan Year. Distributions must continue to such Member even if such Member ceases to own more than 5% of the Employer in a subsequent year.
Minimum Required Distributions. Monitor and process minimum required distribution (“MRD”) amounts as follows: the Trustee shall notify the MRD Participant and, upon notification from the MRD Participant, shall use the MRD Participant’s information to process their distribution. If the MRD Participant has terminated employment and does not respond to the Trustee’s notification, the Sponsor hereby directs the Trustee to automatically begin the required distribution for the MRD Participant.
Minimum Required Distributions. 400 4.4 Annuities. . . . . . . . . . . . . . . . . . . . . . . . 410 4.5 Small Annuities and Accounts . . . . . . . . . . . . . . 420 4.6 Payees . . . . . . . . . . . . . . . . . . . . . . . . . 420 V. CHANGES 5.1 Changes by Prudential. . . . . . . . . . . . . . . . . . 500 5.2 Changes by Agreement . . . . . . . . . . . . . . . . . . 500 5.3 Changes to Conform to Law. . . . . . . . . . . . . . . . 500 5.4 Persons Empowered to Act for Prudential. . . . . . . . . 500
Minimum Required Distributions. Effective as of January 1, 1997, payment of a Member's Account shall not commence later than April 1 of the calendar year following the later of (i) the calendar year in which the Member attains age 70 1/2 or (ii) the calendar year in which the Member retires; provided however, if the Member is as percent owner (as described in section 416(i) of the Code), at any time during the Plan Year ending with or within the calendar year in which the Employee attains age 70 any benefit payable to such Member shall commence no later than April 1 of the calendar year following the calendar year in which the Member attains age 70 1/2 Such benefit shall be paid, in accordance with the Regulations, over a period not extending beyond the life expectancy of such Member (or the joint life expectancy of the Member and his designated Beneficiary). For purposes of this Section, life expectancy of a Member and/or a Member's spouse may at the election of the Member be recalculated annually in accordance with the Regulations. The election, once made, shall be irrevocable. If the Member does not make an election prior to the time that distributions are required to commence, then life expectancies shall not be recalculated. Notwithstanding anything in the Plan to the contrary, if a Member dies after distribution of his interest has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Member's death. In addition, to the extent any payments from the Member's Account would be made after the Member's death, such payments shall be made in accordance with Section 401 (a)(9) of the Code and the IRS Regulations thereunder (including the minimum distribution incidental benefit requirements).
Minimum Required Distributions. Prudential will notify a Participant, prior to such Participant's Required Distribution Date, as determined from the records of Prudential on the basis of information furnished to Prudential, that he may be required to receive a minimum distribution from his Account under the contract in accordance with Code Section 401(a)(9) and the Regulations issued thereunder. Such notice will include information so as to assist the Participant in computing the amount of his required minimum distribution. Following such notice, a Participant may request that the required minimum distribution be paid to him from the contract by his Required Distribution Date. GVA-1000 (as modified by Group Annuity Amendment Form GAA-7793) Serial 400 4.1-4.3 If the Participant does not request a distribution of any portion of his Account under the contract pursuant to this section 4.3, Prudential shall be under no obligation to make such distribution.
Minimum Required Distributions. A. Notwithstanding anything contained herein to the contrary, any benefits to which a Participant is entitled shall commence not later than the Required Beginning Date. A Participant who must receive a Minimum Required Distribution (“MRD”) from the Plan pursuant to Plan Section 7.03 shall have the amount of such distribution calculated and made by the Plan Administrator in accordance with applicable Treasury Regulations (except to the extent the Plan Regulations provide for greater distributions than the Treasury Regulations), any applicable recordkeeping agreements, and this Plan Regulation.
Minimum Required Distributions. The contract satisfies the requirements of section 401(a)(9) (relating to minimum required distributions). See § 1.403(b)– 6(e).
Minimum Required Distributions. If a Depositor has attained age 70 1/2 and has not notified the Custodian in writing as to how to calculate the minimum required distribution or that a minimum required distribution has been received from another IRA (xxference Article IV, Section 6), a minimum required distribution will be made in accordance with Article IV, Section 5.
Minimum Required Distributions. With respect to any eFunds or iDLX Employee who, as of the Distribution Date, is employed past the "required beginning date" (as defined in section 401(a)(9) of the Code) as applied to such Employee, eFunds shall be solely responsible for ensuring that distributions continue to be made from such Employee's account under the eFunds 401(k) Plan in accordance with the relevant method of distribution selected under the Deluxe 401(k) Plan, the Deluxe PSP or the Deluxe MPP, as the case may be. With respect to any eFunds or iDLX Employee who has attained age seventy and one-half (70-1/2) and has elected to defer distribution until retirement pursuant to Section 1.5 of the Deluxe 401(k) Plan, Section 1.4 of the Deluxe PSP or Section 1.4 of the Deluxe MPP, as the case may be, eFunds shall be solely responsible for ensuring that distributions commence as of such Employee's required beginning date.
