Common use of Death of Participant Before Distributions Begin Clause in Contracts

Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: (a) If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, then, except as provided in the Adoption Agreement, distributions to the surviving Spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 701/2, if later. (b) If the Participant’s surviving Spouse is not the Participant’s sole designated Beneficiary, then, except as provided in the Adoption Agreement, distributions to the designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died.

Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: (a) If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, then, except as provided in the Adoption Agreement, distributions to the surviving Spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 701/270 1/2, if later. (b) If the Participant’s surviving Spouse is not the Participant’s sole designated Beneficiary, then, except as provided in the Adoption Agreement, distributions to the designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died.

Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: (a) If the Participant’s surviving Spouse spouse is the Participant’s sole designated Beneficiarybeneficiary, thenhen, except as provided in the Adoption AgreementArticle VI, distributions to the surviving Spouse spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 701/270 1/2, if later. (b) If the Participant’s surviving Spouse spouse is not the Participant’s sole designated Beneficiarybeneficiary, then, except as provided in the Adoption AgreementArticle VI, distributions to the designated Beneficiary beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. (c) If there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s 's entire interest will be distributed, or begin to be distributed, no later than as follows: (aI) If the Participant’s 's surviving Spouse spouse is the Participant’s 's sole designated Designated Beneficiary, then, except as provided in the Adoption Agreementherein, distributions to the surviving Spouse spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 701/270 1/2, if later. (bII) If the Participant’s 's surviving Spouse spouse is not the Participant’s 's sole designated Designated Beneficiary, then, except as provided in the Adoption Agreementherein, distributions to the designated Designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died.