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 Member’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 Member’s account balance by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the Member’s age as of the Member’s birthday in the distribution calendar year; or (b) if the Member’s sole designated beneficiary for the distribution calendar year is the Member’s spouse, the quotient obtained by dividing the Member’s account balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the Member’s and spouse’s attained ages as of the Member’s and spouse’s birthdays in the distribution calendar year.

Appears in 1 contract

Samples: Adoption Agreement (Ottawa Savings Bancorp, Inc.)

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Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the MemberParticipant’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 MemberParticipant’s account balance Account Balance by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of or the Treasury Regulationsregulations, using the MemberParticipant’s age as of the MemberParticipant’s birthday in the distribution calendar yearDistribution Calendar Year; or (b2) if the MemberParticipant’s sole designated beneficiary Beneficiary for the distribution calendar year Distribution Calendar Year is the MemberParticipant’s spouseSpouse, the quotient obtained by dividing the MemberParticipant’s account balance Account Balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulationsregulations, using the MemberParticipant’s and spouseSpouse’s attained ages as of the MemberParticipant’s and spouseXxxxxx’s birthdays in the distribution calendar yearDistribution Calendar Year.

Appears in 1 contract

Samples: Retirement Plan (Ametek Inc/)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Member’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 Member’s account balance Account Balance by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the Member’s age as of the Member’s birthday in the distribution calendar yearDistribution Calendar Year; or (b2) if the Member’s sole designated beneficiary Designated Beneficiary for the distribution calendar year Distribution Calendar Year is the Member’s spouse, the quotient obtained by dividing the Member’s account balance Account Balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the Member’s and spouse’s attained ages as of the Member’s and spouse’s birthdays in the distribution calendar yearDistribution Calendar Year.

Appears in 1 contract

Samples: Trust Agreement (Royal Dutch Shell PLC)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Member’s a 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 Member’s account balance Participant's Valuation Account Balance by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of the Treasury RegulationsRegulation section 1.401(a)(9)-9, using the Member’s Participant's age as of the Member’s Participant's birthday in the distribution calendar yearDistribution Calendar Year; or (bB) if the Member’s Participant's sole designated beneficiary Designated Beneficiary for the distribution calendar year Distribution Calendar Year is the Member’s spouseParticipant's Spouse, the quotient obtained by dividing the Member’s account balance Participant's Valuation Account Balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury RegulationsRegulation section 1.401(a)(9)-9, using the Member’s Participant's and spouse’s Xxxxxx's attained ages as of the Member’s Participant's and spouse’s Xxxxxx's birthdays in the distribution calendar yearDistribution Calendar Year.

Appears in 1 contract

Samples: 401(k) Plan

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

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Criimi Mae Inc)

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

Appears in 1 contract

Samples: 401(k) Plan Agreement (Provident Bancorp Inc/Ny/)

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