Common use of Death Before Date Distributions Begin Clause in Contracts

Death Before Date Distributions Begin. (A) Participant Survived by Designated Beneficiary. Except as provided in the adoption agreement, if the participant dies before the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participant’s death is the quotient obtained by dividing the participant’s account balance by the remaining life expectancy of the participant’s designated beneficiary, determined as provided in Section 10.07(d)(1).

Appears in 3 contracts

Samples: Individual 401(k) Plan Purchase Agreement, Employer Sponsored Plan Account Agreement, Employer Sponsored Plan Account Agreement

AutoNDA by SimpleDocs

Death Before Date Distributions Begin. (Aa) Participant Member Survived by Designated Beneficiary. Except as provided in If the adoption agreement, if the participant Member dies before the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participantMember’s death is the quotient obtained by dividing the participantMember’s account balance by the remaining life expectancy of the participantMember’s designated beneficiary, determined as provided in Section 10.07(d)(1paragraph (D) (1).

Appears in 3 contracts

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

Death Before Date Distributions Begin. (Aa) Participant Survived by Designated Beneficiary. Except as provided in the adoption agreementotherwise elected under section 6, if the participant Participant dies before the date distributions begin and there is a designated beneficiaryBeneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participant’s Participant's death is the quotient obtained by dividing the participant’s Participant's account balance by the remaining life expectancy of the participant’s Participant's designated beneficiaryBeneficiary, determined as provided in Section 10.07(d)(1)section 4.1.

Appears in 2 contracts

Samples: Corporate Plan Document (Axsys Technologies Inc), Retirement Plan Adoption Agreement (Hudson City Bancorp Inc)

Death Before Date Distributions Begin. (A) Participant Survived by Designated Beneficiary. Except as provided in the adoption agreementsubparagraph 8.13(g), if the participant Participant dies before the date distributions begin and there is a designated beneficiaryDesignated Beneficiary, the minimum amount that will be distributed for or each distribution calendar year after the calendar year of the participantParticipant’s death is the quotient obtained by dividing the participantParticipant’s account balance by the remaining life expectancy of the participantParticipant’s designated beneficiaryBeneficiary, determined as provided in Section 10.07(d)(1)under clause (i) above.

Appears in 1 contract

Samples: Profit Sharing Plan Adoption Agreement (Southern National Bancorp of Virginia Inc)

Death Before Date Distributions Begin. (Ai) Participant Survived survived by Designated Beneficiarydesignated beneficiary. Except as provided in the adoption agreementSection 6.8(b)(3), if the participant Participant dies before the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participantParticipant’s death is the quotient obtained by dividing the participantParticipant’s account Account balance by the remaining life expectancy of the participantParticipant’s designated beneficiary, determined as provided in Section 10.07(d)(16.8(d)(l).

Appears in 1 contract

Samples: 401(k) Plan (Chevron Corp)

Death Before Date Distributions Begin. (A1) Participant Survived by Designated Beneficiary. Except as provided in the adoption agreementSection 16.6 or 16.7, if the participant Participant dies before the date distributions begin and there is a designated beneficiaryDesignated Beneficiary, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the participantParticipant’s death is the quotient obtained by dividing the participantParticipant’s account balance Account Balance by the remaining life expectancy Life Expectancy of the participantParticipant’s designated beneficiaryBeneficiary, determined as provided in Section 10.07(d)(116.4(a).

Appears in 1 contract

Samples: Retirement Plan (Ametek Inc/)

Death Before Date Distributions Begin. (A) Participant Survived by Designated Beneficiary. Except as provided in If the adoption agreement, if the participant Participant dies before the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participantParticipant’s death is the quotient obtained by dividing the participantParticipant’s account Account balance by the remaining life expectancy of the participantParticipant’s designated beneficiary, determined as provided in Section 10.07(d)(112.05(d)(1).

Appears in 1 contract

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

Death Before Date Distributions Begin. (A1) Participant Member Survived by Designated Beneficiary. Except as provided in If the adoption agreement, if the participant Member dies before the date distributions begin and there is a designated beneficiaryDesignated Beneficiary, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the participantMember’s death is the quotient obtained by dividing the participantMember’s account balance Account Balance by the remaining life expectancy Life Expectancy of the participantMember’s designated beneficiaryDesignated Beneficiary, determined as provided in Section 10.07(d)(1)subparagraph 4(a) of this Article 29.

Appears in 1 contract

Samples: Trust Agreement (Royal Dutch Shell PLC)

AutoNDA by SimpleDocs

Death Before Date Distributions Begin. (Aa) Participant Member Survived by Designated Beneficiary. Except as provided in If the adoption agreement, if the participant Member dies before the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participantMember’s death is the quotient obtained by dividing the participantMember’s account balance by the remaining life expectancy of the participantMember’s designated beneficiary, determined as provided in Section 10.07(d)(1paragraph (D)(1).

Appears in 1 contract

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

Death Before Date Distributions Begin. (Ai) Participant Survived by Designated Beneficiary. Except as provided in the adoption agreementother- wise elected under Section 9.1(f), if the participant Participant dies before the date distributions begin and there is a designated beneficiaryBeneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participantParticipant’s death is the quotient obtained by dividing the participantParticipant’s account Account balance by the remaining life expectancy of the participantParticipant’s designated beneficiaryBeneficiary, determined as provided in Section 10.07(d)(19.1(d)(1).

Appears in 1 contract

Samples: Retirement Plan Agreement

Death Before Date Distributions Begin. (Ai) Participant Survived by Designated Beneficiary. Except as provided in the adoption agreementPlan, if the participant dies before the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participant’s death is the quotient obtained by dividing the participant’s account balance by the remaining life expectancy of the participant’s designated beneficiary, determined as provided in Section 10.07(d)(1section 11.4(d)(1).

Appears in 1 contract

Samples: Employee Stock Ownership Plan With 401(k) Provisions (Guaranty Bancshares Inc /Tx/)

Death Before Date Distributions Begin. (Aa) Participant Member Survived by Designated Beneficiary. Except as provided in If the adoption agreement, if the participant Member dies before the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participant’s Member's death is the quotient obtained by dividing the participant’s Member's account balance by the remaining life expectancy of the participant’s Member's designated beneficiary, determined as provided in Section 10.07(d)(1i n paragraph (D)(1).

Appears in 1 contract

Samples: Adoption Agreement (Atlantic Coast Federal Corp)

Death Before Date Distributions Begin. (A) Participant Survived by Designated Beneficiary. Except as provided in the adoption agreement, if the participant Participant dies before the date distributions begin and there is a designated beneficiaryDesignated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participantParticipant’s death is the quotient obtained by dividing the participant’s Participant's account balance by the remaining life expectancy of the participantParticipant’s designated beneficiaryDesignated Beneficiary, determined as provided in Section 10.07(d)(1section 6.3(d) (i).

Appears in 1 contract

Samples: 403(b)(7) Custodial Account Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!