Eligible Designated Beneficiary definition

Eligible Designated Beneficiary means, with respect to an Owner, any Beneficiary who is one of the following:

Eligible Designated Beneficiary means, with respect to any employee, any designated beneficiary who is—

Eligible Designated Beneficiary. An eligible designated beneficiary includes a surviving spouse, a disabled individual, a chronically ill individual, a minor child, or an individual who is not more than 10 years younger than the account owner. Other factors that impact the beneficiar(ies) distribution requirements include your relationship to the Beneficiary (i.e., spouse, non-spouse, or other), whether you died before or after RMDs were required to begin, and if the IRA has a “designated beneficiary” as defined under federal regulations.

Examples of Eligible Designated Beneficiary in a sentence

• The determination of whether a Designated Beneficiary is an Eligible Designated Beneficiary shall be made as of the date of death of the Participant.

• If distributions are being made to a surviving spouse as the sole Eligible Designated Beneficiary, such spouse’s remaining life expectancy for a year shall be the number in the Single Life Table corresponding to such spouse’s age in such year.

• Eligible Designated Beneficiary Eligible designated beneficiary status is determined on the date of your death.

• If the Eligible Designated Beneficiary is the surviving spouse, payment under item (B) is not required until the later of December 31 of the calendar year immediately following the calendar year in which the Participant died or December 31 of the calendar year in which the Participant would have attained age seventy-two (72) (age seventy and one-half (70 ½) with respect to a Participant who would have attained age seventy and one-half (70 ½) before January 1, 2020).

• If the Eligible Designated Beneficiary does not elect a method of distribution as provided above, the Participant's account(s) shall be distributed in accordance with item (B).

More Definitions of Eligible Designated Beneficiary

Eligible Designated Beneficiary means a surviving spouse, minor child of the Original IRA Owner, a disabled or chronically ill beneficiary, and beneficiaries who are less than 10 years younger than the Original IRA Owner.

Eligible Designated Beneficiary means an individual who is a Designated Beneficiary and is the Participant’s spouse, the Participant’s minor child, a chronically ill or disabled individual, or an individual who is not more than ten years younger the Participant.

Eligible Designated Beneficiary. An eligible designated beneficiary includes a surviving spouse, a disabled individual, a chronically ill individual, a minor child, or an individual who is not more than 10 years younger than the account owner. Certain trusts created for the exclusive benefit of disabled or chronically ill beneficiaries are included. Other factors that impact the beneficiary(ies) distribution requirements include your relationship to the Beneficiary (i.e., spouse, nonspouse, or other), whether you died before or after RMDs were required to begin, and if the Xxxx XXX has a “designated beneficiary” as defined under federal regulations.

Eligible Designated Beneficiary or “EDB” means any Designated Beneficiary who falls within any of the five categories described in Code section 401(a)(9)(E)(ii) with respect to any Employee, specifically: (i) surviving spouse of Employee, (ii) child of Employee who has not reached majority, (iii) disabled individual, (iv) chronically ill individual, or (v) individual not more than ten years younger than Employee.

Eligible Designated Beneficiary means a designated Beneficiary who, as

Eligible Designated Beneficiary means a designated Beneficiary who, as of the date of the death of the Member, is: (i) the surviving spouse of the Member; (ii) a child of the Member who has not reached the age of majority; (iii) disabled within the meaning of Code § 72(m)(7); (iv) chronically ill within the meaning of Code § 7702B(c)(2) (except that the requirements of subparagraph (A)(i) thereof shall only be treated as met if there is a certification that, as of such date, the period of inability described in such subparagraph with respect to the individual is an indefinite one which is reasonably expected to be lengthy in nature); or (v) any other individual who is not more than ten years younger than the Member. Notwithstanding the preceding, a child described in (ii) above shall cease to be an Eligible Designated Beneficiary as of the date the child reaches the age of majority within the meaning of Code § 401(a)(9)(F).

Eligible Designated Beneficiary means a designated Beneficiary who is (i) the Participant’s surviving spouse, (ii) the Participant’s child who has not reached the age of majority,