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 including Xxxx Elective Deferrals by the distribution period set forth in the Uniform Lifetime Table found in Regulations Section 1.401(a)(9)-9, Q&A-2, 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 Regulations Section 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 Year.

Appears in 7 contracts

Samples: Defined Contribution Plan, Defined Contribution Plan (1st Constitution Bancorp), Defined Contribution Plan (Wellesley Bancorp, Inc.)

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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: (aA) the quotient obtained by dividing the Participant’s account Account balance including Xxxx Elective Deferrals by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-2section 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 Account balance by the number in the Joint and Last Survivor Table set forth in Regulations Section 1.401(a)(9)-9, Q&A-3section 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 5 contracts

Samples: 401(k) Retirement Savings Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participantparticipant’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 Participantparticipant’s account balance including Xxxx Elective Deferrals as of 12/31 of the preceding year by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-2section 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 for the Distribution Calendar Year 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 Regulations Section 1.401(a)(9)-9, Q&A-3section 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 2 contracts

Samples: Custodial Account Agreement, 403(b)(7) and Roth 403(b)(7) Custodial Account 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 “distribution calendar year” is the lesser of: (a) the quotient obtained by dividing the Participant’s account balance including Xxxx Elective Deferrals balance” by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-21.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year“distribution calendar year”; or (b) 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 balance” by the number in the Joint and Last Survivor Table set forth in Regulations Section 1.401(a)(9)-9, Q&A-31.401(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“distribution calendar year”.

Appears in 1 contract

Samples: Trust Agreement (Nordson Corp)

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 distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s 's account balance including Xxxx Elective Deferrals by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-2section l.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 Yeardistribution calendar year; or (b) if the Participant’s 's sole Designated designated Beneficiary for the Distribution Calendar Year distribution calendar year is the Participant’s Spouse'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 Regulations Section 1.401(a)(9)-9, Q&A-3section 1.40l(a)(9)-9 of the Treasury regulations, using the Participant’s 's and Spouse’s spouse's attained ages as of the Participant’s 's and Spouse’s spouse's birthdays in the Distribution Calendar Yeardistribution calendar year.

Appears in 1 contract

Samples: Corporate Plan Document (Axsys Technologies 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: (aA) the quotient obtained by dividing the Participant’s account Account balance including Xxxx Elective Deferrals by the distribution period set forth in the Uniform Lifetime Table found in Regulations set forth in Section 1.401(a)(9)-9, Q&A-21. 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 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 Regulations Section 1.401(a)(9)-9, Q&A-31.401(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 Yeardistribution 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 a Participant’s lifetime, the minimum amount that will be distributed for each Distribution Calendar Year is the lesser of: (a1) the quotient obtained by dividing the Participant’s account balance including Xxxx Elective Deferrals Account Balance by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-2Q&A-2 of the Treas. Regs., using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or (b2) 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 Account Balance by the number in the Joint and Last Survivor Table set forth in Regulations Section 1.401(a)(9)-91.401 (a)(9)-9, Q&A-3Q&A-3 of the Treas. Regs., using the Participant’s and SpouseXxxxxx’s attained ages as of the Participant’s and SpouseXxxxxx’s birthdays in the Distribution Calendar Year.

Appears in 1 contract

Samples: Defined Contribution Plan and Trust (Triad Guaranty 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: (a1) the quotient obtained by dividing the Participant’s account balance including Xxxx Elective Deferrals Account Balance by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-2, of the Income Tax Regulations using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or (b2) 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 balance Account Balance by the number in the Joint and Last Survivor Table set forth in Regulations Section 1.401(a)(9)-9, Q&A-3, of the Income Tax 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: 457 Governmental Deferred Compensation Plan and Trust

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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 distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s 's account balance including Xxxx Elective Deferrals by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-21.401(a)(9)-9 of the Treasury Regulations, using the Participant’s 's age as of the Participant’s 's birthday in the Distribution Calendar Yeardistribution calendar year; or (b) if the Participant’s 's sole Designated Beneficiary for the Distribution Calendar Year distribution calendar year is the Participant’s Spouse'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 Regulations Section 1.401(a)(9)-9, Q&A-31.401(a)(9)-9 of the Treasury Regulations, using the Participant’s 's and Spouse’s spouse's attained ages as of the Participant’s 's and Spouse’s spouse's birthdays in the Distribution Calendar Yeardistribution calendar year.

Appears in 1 contract

Samples: 401(k) Compensation Deferral Savings Plan Amendment (Corvas International Inc)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will must be distributed for each Distribution Calendar Year distribution calendar year is the lesser of: (ai) the quotient obtained by dividing the Participant’s account balance including Xxxx Elective Deferrals by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-21.401(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 (bii) 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 by the number in the Joint and Last Survivor Table set forth in Regulations Section 1.401(a)(9)-9, Q&A-31.401(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: Savings and Investment Plan (Caterpillar 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: (aA) the quotient obtained by dividing the Participant’s account balance including Xxxx Elective Deferrals 's Accrued Benefit by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-21.401(a)(9)-9 of the Income Tax Regulations, using the Participant’s 's age as of the Participant’s 's birthday in the Distribution Calendar Year; or (bB) if the Participant’s 's sole Designated Beneficiary for the Distribution Calendar Year is the Participant’s Spouse's spouse, the quotient obtained by dividing the Participant’s account balance 's Accrued Benefit by the number in the Joint and Last Survivor Table set forth in Regulations Section 1.401(a)(9)-9, Q&A-31.401(a)(9)-9 of the Income Tax Regulations, using the Participant’s 's and Spouse’s spouse's attained ages as of the Participant’s 's and Spouse’s spouse's birthdays in the Distribution Calendar Year.

Appears in 1 contract

Samples: Trust 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 quotient obtained by dividing the Participant’s account balance including Xxxx Elective Deferrals Account Balance by the distribution period set forth in the Uniform Lifetime Table found set forth in Regulations Section 1.401(a)(9)-9, Q&A-21.401(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 balance Account Balance by the number in the Joint and Last Survivor Table set forth in Regulations Section 1.401(a)(9)-9, Q&A-31.401(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: 401(k) Plan and Trust Agreement (Leggett & Platt 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: (a) the quotient obtained by dividing the Participant’s account balance including Xxxx Rxxx Elective Deferrals by the distribution period set forth in the Uniform Lifetime Table found in Regulations Section 1.401(a)(9)-9, Q&A-2, 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 Regulations Section 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 Year.

Appears in 1 contract

Samples: Defined Contribution Plan (Savannah Bancorp Inc)

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