Common use of Coordination with Minimum Distribution Requirements Previously in Effect Clause in Contracts

Coordination with Minimum Distribution Requirements Previously in Effect. If this Section specifies an effective date that is earlier than calendar years beginning with the 2003 calendar year, Required Minimum Distributions for 2002 under this Section will be determined as follows. If the total amount of 2002 Required Minimum Distributions under the Plan made to the distributee prior to the effective date of this Section equals or exceeds the Required Minimum Distributions determined under this Section, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 Required Minimum Distributions under the Plan made to the distributee prior to the effective date of this Section is less than the amount determined under this Section, then Required Minimum Distributions for 2002 on and after such date will be determined so that the total amount of Required Minimum Distributions for 2002 made to the distributee will be the amount determined under this Section.

Appears in 2 contracts

Samples: Employee Stock Ownership Plan and Trust Agreement (Bancfirst Corp /Ok/), Employee Stock Ownership Plan and Trust Agreement (Bancfirst Corp /Ok/)

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Coordination with Minimum Distribution Requirements Previously in Effect. If this Section specifies the provisions above specify an effective date of this amendment that is earlier than calendar years beginning with the 2003 calendar year, Required Minimum Distributions required minimum distributions for 2002 under this Section amendment will be determined as follows. : If the total amount of 2002 Required Minimum Distributions required minimum distributions under the Plan made to the distributee prior to the effective date of this Section amendment equals or exceeds the Required Minimum Distributions required minimum distributions determined under this Sectionamendment, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 Required Minimum Distributions required minimum distributions under the Plan made to the distributee prior to the effective date of this Section amendment is less than the amount determined under this Sectionamendment, then Required Minimum Distributions required minimum distributions for 2002 on and after such date will be determined so that the total amount of Required Minimum Distributions required minimum distributions for 2002 made to the distributee will be the amount determined under this Sectionamendment.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Clayton Williams Energy Inc /De)

Coordination with Minimum Distribution Requirements Previously in Effect. If this Section specifies an effective date that is earlier than calendar years beginning with the 2003 calendar year, Required Minimum Distributions minimum distributions for 2002 under this Section Amendment will be determined as follows. If the total amount of 2002 Required Minimum Distributions required minimum distributions under the Plan made to the distributee prior to the effective date of this Section Amendment equals or exceeds the Required Minimum Distributions required minimum distributions determined under this SectionAmendment, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 Required Minimum Distributions required minimum distributions under the Plan made to the distributee prior to the effective date of this Section Amendment is less than the amount determined under this SectionAmendment, then Required Minimum Distributions required minimum distributions for 2002 on and after such date will be determined so that the total amount of Required Minimum Distributions required minimum distributions for 2002 made to the distributee will be the amount determined under this SectionAmendment.

Appears in 1 contract

Samples: Trust Agreement (Nordson Corp)

Coordination with Minimum Distribution Requirements Previously in Effect. If this Section the adoption agreement specifies an effective date of this Addendum that is earlier than calendar years beginning with the 2003 calendar year, Required Minimum Distributions required minimum distributions for 2002 under this Section Addendum will be determined as follows. If the total amount of 2002 Required Minimum Distributions required minimum distributions under the Plan made to the distributee prior to the effective date of this Section Addendum equals or exceeds the Required Minimum Distributions required minimum distributions determined under this SectionAddendum, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 Required Minimum Distributions required minimum distributions under the Plan made to the distributee prior to the effective date of this Section Addendum is less than the amount determined under this SectionAddendum, then Required Minimum Distributions required minimum distributions for 2002 on and after such date will be determined so that the total amount of Required Minimum Distributions required minimum distributions for 2002 made to the distributee will be the amount determined under this SectionAddendum.

Appears in 1 contract

Samples: Trust Agreement (Nordson Corp)

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Coordination with Minimum Distribution Requirements Previously in Effect. If this Section specifies an the effective date that of this Amendment is earlier than calendar years beginning with the 2003 calendar year, Required Minimum Distributions . required minimum distributions for 2002 under this Section Amendment will be determined as follows. If the total amount of 2002 Required Minimum Distributions required minimum distributions under the Plan made to the distributee prior to the effective date of this Section Amendment equals or exceeds the Required Minimum Distributions required minimum distributions determined under this SectionAmendment, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 Required Minimum Distributions required minimum distributions under the Plan made to the distributee prior to the effective date of this Section Amendment is less than the amount determined under this SectionAmendment, then Required Minimum Distributions required minimum distributions for 2002 on and after such date will be determined so that the total amount of Required Minimum Distributions required minimum distributions for 2002 made to the distributee will be the amount determined under this SectionAmendment.

Appears in 1 contract

Samples: Adoption Agreement (Talbots Inc)

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