Applicable Life Expectancy. The life expectancy (or joint and last survivor expectancy) calculated using the attained age of the Participant (or designated Beneficiary) as of the Participant's (or designated Beneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy was first calculated. If Life Expectancy is being recalculated, the Applicable Life Expectancy shall be the Life Expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if Life Expectancy is being recalculated such succeeding calendar year.
Appears in 5 contracts
Samples: Prototype Defined Contribution Plan Adoption Agreement (Media 100 Inc), Prototype Defined Contribution Plan Adoption Agreement (MSC Industrial Direct Co Inc), 401(k) Plan Adoption Agreement (Pennfed Financial Services Inc)
Applicable Life Expectancy. The life expectancy (or joint and last survivor expectancy) calculated using the attained age of the Participant Member (or designated Beneficiary) beneficiary as of the Participant's Member’s (or designated Beneficiary'sbeneficiary’s) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy life expectancy was first calculated. If Life Expectancy life expectancy is being recalculated, the Applicable Life Expectancy applicable life expectancy shall be the Life Expectancy life expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if Life Expectancy life expectancy is being recalculated such succeeding calendar year.
Appears in 3 contracts
Samples: Adoption Agreement (Northeast Community Bancorp Inc), Adoption Agreement (Sugar Creek Financial Corp), Adoption Agreement (Newport Bancorp Inc)
Applicable Life Expectancy. The life expectancy (or joint and last survivor expectancy) calculated using the attained age of the Participant (or designated Beneficiarybeneficiary) as of the Participant's (or designated Beneficiarybeneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy life expectancy was first calculated. If Life Expectancy life expectancy is being recalculated, the Applicable Life Expectancy applicable life expectancy shall be the Life Expectancy life expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if Life Expectancy life expectancy is being recalculated such succeeding calendar year.
Appears in 3 contracts
Samples: Defined Contribution Plan and Trust (Trimedyne Inc), Defined Contribution Plan and Trust (Capstone Pharmacy Services Inc), Adoption Agreement (Southbanc Shares Inc)
Applicable Life Expectancy. The life expectancy (or joint and last survivor expectancy) calculated using the attained age of the Participant Member (or designated Beneficiary) beneficiary as of the ParticipantMember's (or designated Beneficiarybeneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy life expectancy was first calculated. If Life Expectancy life expectancy is being recalculated, the Applicable Life Expectancy applicable life expectancy shall be the Life Expectancy life expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if Life Expectancy life expectancy is being recalculated such succeeding calendar year.
Appears in 3 contracts
Samples: Adoption Agreement (CCSB Financial Corp), Adoption Agreement (Central Federal Corp), Adoption Agreement (Atlantic Coast Federal Corp)
Applicable Life Expectancy. The life expectancy (or joint and last survivor expectancy) calculated using the attained age of the Participant (or designated Beneficiary) as of the Participant's (or designated Beneficiary'sBeneficiary s) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy life expectancy was first calculated. If Life Expectancy life expectancy is being recalculated, the Applicable Life Expectancy applicable life expectancy shall be the Life Expectancy life expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if Life Expectancy life expectancy is being recalculated such succeeding calendar year.
Appears in 1 contract
Samples: Individual Retirement Account Custodial Agreement (Rushmore Fund Inc)
Applicable Life Expectancy. The life expectancy expectance (or joint and last survivor expectancy) calculated using the attained age of the Participant (or designated Beneficiary) as of the Participant's (or designated Beneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy was first calculated. If Life Expectancy is being recalculated, the Applicable Life Expectancy shall be the Life Expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if Life Expectancy is being recalculated such succeeding calendar year.
Appears in 1 contract
Applicable Life Expectancy. The life expectancy (or joint and last survivor expectancy) calculated using the attained age of the Participant (or designated Designated Beneficiary) as of the Participant's (or designated Designated Beneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy life expectancy was first calculated. If Life Expectancy life expectancy is being recalculated, the Applicable Life Expectancy applicable life expectancy shall be the Life Expectancy life expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar yearDistribution Calendar Year, and if Life Expectancy life expectancy is being recalculated such succeeding calendar year.
Appears in 1 contract
Applicable Life Expectancy. The life expectancy (or joint and last survivor expectancy) is calculated using the attained age of the Participant (or designated Beneficiary) as of the Participant's (or designated Beneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy life expectancy was first calculated. If Life Expectancy life expectancy is being recalculated, the Applicable Life Expectancy applicable life expectancy shall be the Life Expectancy life expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if Life Expectancy life expectancy is being recalculated such each succeeding calendar year.
Appears in 1 contract
Applicable Life Expectancy. The life expectancy (or joint and last survivor expectancy) calculated using the attained age of the Participant (or designated Beneficiarybeneficiary) as of the Participant's (or designated Beneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date Life Expectancy was first calculated. If Life Expectancy is being recalculated, the Applicable applicable Life Expectancy shall be the Life Expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if Life Expectancy is being recalculated such succeeding calendar year.
Appears in 1 contract
Samples: Defined Contribution Plan (White Mountains Insurance Group Inc)
