Common use of Amount of Required Minimum Distribution For Each Distribution Calendar Year Clause in Contracts

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (b) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.

Appears in 5 contracts

Samples: Retirement and Savings Plan (Host Hotels & Resorts L.P.), Retirement and Savings Plan (Host Marriott L P), Retirement and Savings Plan (Host Marriott Corp/)

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Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of: (a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar yearDistribution Calendar Year; or (b) if the Participant’s sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar yearDistribution Calendar Year.

Appears in 4 contracts

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

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (b) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.

Appears in 4 contracts

Samples: Trust Agreement (Nordson Corp), 401(k) Plan Adoption Agreement (Americas Carmart Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the ParticipantMember’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) the quotient obtained by dividing the ParticipantMember’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury Regulations, using the ParticipantMember’s age as of the ParticipantMember’s birthday in the distribution calendar year; or (b) if the ParticipantMember’s sole designated beneficiary for the distribution calendar year is the ParticipantMember’s spouse, the quotient obtained by dividing the ParticipantMember’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the ParticipantMember’s and the spouse’s attained ages as of the ParticipantMember’s and spouse’s birthdays in the distribution calendar year.

Appears in 2 contracts

Samples: Adoption Agreement (Newport Bancorp Inc), Adoption Agreement (Sugar Creek Financial Corp)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section l.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (b) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Adoption Agreement (Talbots Inc)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) 1. the quotient obtained by dividing the Participant’s 's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or (b) 2. if the Participant’s 's sole designated beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s 's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.

Appears in 1 contract

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

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treasin Section 1. Reg. Sec. 1.401(a)(9)-9401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (bB) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.

Appears in 1 contract

Samples: 401(k) Plan (Pepsiamericas Inc/Il/)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of: (aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9§ 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar yearDistribution Calendar Year; or (bB) if the Participant’s sole designated beneficiary Designated Beneficiary for the distribution calendar year Distribution Calendar Year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account balance Account Balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9§ 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar yearDistribution Calendar Year.

Appears in 1 contract

Samples: 401(k) Plan (ING U.S., Inc.)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (ai) the The quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (bii) if If the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Retirement Savings Plan (PNC Financial Services Group Inc)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s 's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or (b) if the Participant’s 's sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s 's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Retirement Plan Adoption Agreement (Hudson City Bancorp Inc)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of: (a1) the quotient obtained by dividing the Participant’s account balance Account Balance by the distribution period set forth in the Uniform Lifetime Table set forth found in Treas. Reg. Sec. §1.401(a)(9)-9, Q&A-2, using the Participant’s age as of the Participant’s birthday in the distribution calendar yearDistribution Calendar Year; or (b2) if the Participant’s sole designated beneficiary Designated Beneficiary for the distribution calendar year Distribution Calendar Year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance Account Balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. §1.401(a)(9)-9, Q&A-3, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar yearDistribution Calendar Year.

Appears in 1 contract

Samples: Governmental 457(b) Plan Basic Plan Document

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (aA) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (bB) if the Participant’s sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Investment, Savings and Employee Stock Ownership Plan (Toro Co)

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Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (bB) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Salaried 401(k) Plan (Pepsiamericas Inc/Il/)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (bB) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Salaried 401(k) Plan (Pepsiamericas Inc/Il/)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s 's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or (b) if the Participant’s 's sole designated beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s 's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Allegiant Travel CO)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will shall be distributed for each distribution calendar year is the lesser of: (aI) the quotient obtained by dividing the Participant’s account 's Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. Treasury Regulation Section 1.401(a)(9)-9, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or (bII) if the Participant’s 's sole designated beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s account 's Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. Treasury Regulation Section 1.401(a)(9)-9, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Savings Plan Agreement

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will is required be distributed for each Calendar Year for which a distribution is required (“distribution calendar year year”) is the lesser of: (a1) the The quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (b2) if If the Participant’s sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s and spouseXxxxxx’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar yearDistribution Calendar Year.

Appears in 1 contract

Samples: MFS 403(b) Mutual Fund Custodial Agreement

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (aA) the The quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. Treasury regulations section 1.401(a)(9)-9, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (bB) if If the Participant’s sole designated beneficiary Designated Beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. Treasury Regulations section 1.401(a)(9)-9, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.

Appears in 1 contract

Samples: 403(b)(9) Defined Contribution Retirement Plan

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s 's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401 (a)(9)-9 of the Treasury regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or (b) if the Participant’s 's sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s 's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401 (a)(9)-9 of the Treasury regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Retirement Plan Adoption Agreement (Hudson City Bancorp Inc)

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