Common use of Death on or After Date Distributions Begin Clause in Contracts

Death on or After Date Distributions Begin. If the Participant dies on or after 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 Accrued Benefit by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows: (A) The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. (B) If the Participant’s surviving spouse is the Participant’s sole designated Beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year after the year of the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years after the year of the surviving spouse’s death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. (C) If the Participant’s surviving spouse is not the Participant’s sole designated Beneficiary, the designated Beneficiary’s remaining life expectancy is calculated using the age of the Beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year. If the Participant dies on or after the date distributions begin and there is no designated Beneficiary as of September 30 of the year after the year of the Participant’s death, 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 Accrued Benefit by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Death on or After Date Distributions Begin. If the a Participant dies on or after the date distributions begin and begin, the following rules shall apply. (a) If there is a “designated Beneficiarybeneficiary”, the minimum amount that will be distributed for each “distribution calendar year year” after the year of the Participant’s death is the quotient obtained by dividing the “Participant’s Accrued Benefit account balance” by the longer of the remaining “life expectancy expectancy” of the Participant or the remaining “life expectancy expectancy” of the Participant’s “designated Beneficiarybeneficiary”, determined as follows: (A1) The Participant’s remaining “life expectancy expectancy” is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. (B2) If the Participant’s surviving spouse is the Participant’s sole designated Beneficiarybeneficiary, the remaining “life expectancy expectancy” of the surviving spouse is calculated for each “distribution calendar year year” after the year of the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For “distribution calendar years years” after the year of the surviving spouse’s death, the remaining “life expectancy expectancy” of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. (C3) If the Participant’s surviving spouse is not the Participant’s sole “designated Beneficiarybeneficiary”, the “designated Beneficiary’s beneficiary’s” remaining “life expectancy expectancy” is calculated using the age of the Beneficiary beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year. . (b) If the Participant dies on or after the date distributions begin and there is no “designated Beneficiary beneficiary” as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each “distribution calendar year year” after the year of the Participant’s death is the quotient obtained by dividing the “Participant’s Accrued Benefit account balance” by the Participant’s remaining “life expectancy expectancy” calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Death on or After Date Distributions Begin. (A) Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a designated Designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s 's death is the quotient obtained by dividing the Participant’s 's Accrued Benefit by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated 's Designated Beneficiary, determined as follows: (AI) The Participant’s 's remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent calendar year. (BII) If the Participant’s 's surviving spouse is the Participant’s 's sole designated Designated Beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year Distribution Calendar Year after the year of the Participant’s 's death using the surviving spouse’s 's age as of the spouse’s 's birthday in that year. For distribution calendar years Distribution Calendar Years after the year of the surviving spouse’s 's death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s 's birthday in the calendar year of the spouse’s 's death, reduced by one for each subsequent calendar year. (CIII) If the Participant’s 's surviving spouse is not the Participant’s 's sole designated Designated Beneficiary, the designated Designated Beneficiary’s 's remaining life expectancy is calculated using the age of the Beneficiary in the year following the year of the Participant’s 's death, reduced by one for each subsequent year. If the Participant dies on or after the date distributions begin and there is no designated Beneficiary as of September 30 of the year after the year of the Participant’s death, 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 Accrued Benefit by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

Death on or After Date Distributions Begin. (i) Participant Survived by Designated Beneficiary. If the Participant participant dies on or after 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 Accrued Benefit account balance by the longer of the remaining life expectancy of the Participant participant or the remaining life expectancy of the Participantparticipant’s designated Beneficiarybeneficiary, determined as follows: (Aii) The Participantparticipant’s remaining life expectancy is calculated using the age of the Participant participant in the year of death, reduced by one for each subsequent year. (Biii) If the Participantparticipant’s surviving spouse is the Participantparticipant’s sole designated Beneficiarybeneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year after the year of the Participantparticipant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years after the year of the surviving spouse’s death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. (Civ) If the Participantparticipant’s surviving spouse is not the Participantparticipant’s sole designated Beneficiarybeneficiary, the designated Beneficiarybeneficiary’s remaining life expectancy is calculated using the age of the Beneficiary beneficiary in the year following the year of the Participantparticipant’s death, reduced by one for each subsequent year. If the Participant dies on or after the date distributions begin and there is no designated Beneficiary as of September 30 of the year after the year of the Participant’s death, 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 Accrued Benefit by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.