Death on or After Required Beginning Date Sample Clauses

Death on or After Required Beginning Date. If the Traditional IRA Owner dies on or after the required beginning date, the remaining portion of his or her interest will be distributed at least as rapidly as follows.
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Death on or After Required Beginning Date. If the Traditional XXX Owner dies on or after the required beginning date, the remaining portion of his or her interest will be distributed at least as rapidly as follows.
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Death on or After Required Beginning Date. If the Participant dies on or after the required beginning date, the remaining portion of his or her interest will be distributed in an amount at least equal to the following:
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Death on or After Required Beginning Date. If the individual dies on or after the Required Beginning Date, his or her remaining interest will be distributed at least as rapidly as follows:
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Death on or After Required Beginning Date. If the Participant dies on or after the Required Beginning Date, then the remaining assets in the Custodial Account must be distributed at least as rapidly as (1), (2), or (3), as follows
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Death on or After Required Beginning Date. If the Account Owner dies on or after the Required Beginning Date, a beneficiary must withdraw at least a minimum amount of his portion of the Account by December 31 of the year following the year of the Account Owner’s death and each subsequent year. The minimum amount is determined by dividing the balance of the beneficiary’s portion of the Account as of December 31 of the preceding year by a distribution period factor. The distribution period factor for the first year following the year of the Account Owner’s death will equal the beneficiary’s life expectancy under life expectancy tables under Treasury Regulation Section 1.401(a)(9)-9, or any successor thereto, using the beneficiary’s age as of his birthday in that year. Alternatively, if the beneficiary is at least the age of the Account Owner or is not an individual, the distribution period factor for the first year is determined using the Account Owner’s age as of his birthday in the calendar year of the Account Owner’s death. For each subsequent year, the prior year’s distribution period factor is reduced by one. Notwithstanding the foregoing, if the beneficiary is the Account Owner’s spouse, the distribution period factor may be recalculated for each subsequent year using the spouse’s age as of the spouse’s birthday in that year during the spouse’s lifetime, and for each year following the year of the spouse’s death, the prior year’s life expectancy factor is reduced by one.
Sample 1

Related to Death on or After Required Beginning Date

  • Payment after Vesting Any Performance Shares that vest in accordance with paragraphs 3 through 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares as soon as practicable following the date of vesting, subject to paragraph 9, but in no event later than the applicable two and one-half (2 1/2) month period of the “short-term deferral” rule set forth in the Section 1.409A-1(b)(4) of the Treasury Regulations issued under Section 409A. Notwithstanding the foregoing, if the Performance Shares are “deferred compensation” within the meaning of Section 409A, the vested Performance Shares will be released to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares as soon as practicable following the date of vesting, subject to paragraph 9, but in no event later than the end of the calendar year that includes the date of vesting or, if later, the fifteen (15th) day of the third (3rd) calendar month following the date of vesting (provided that the Employee will not be permitted, directly or indirectly, to designate the taxable year of the payment). Further, if some or all of the Performance Shares that are “deferred compensation” within the meaning of Section 409A vest on account of the Employee’s Termination of Service (other than due to death) in accordance with paragraphs 3 through 4, the Performance Shares that vest on account of the Employee’s Termination of Service will not be considered due or payable until the Employee has a “separation from service” within the meaning of Section 409A. In addition, if the Employee is a “specified employee” within the meaning of Section 409A at the time of the Employee’s separation from service (other than due to death), then any accelerated Performance Shares will be paid to the Employee no earlier than six (6) months and one (1) day following the date of the Employee’s separation from service unless the Employee dies following his or her separation from service, in which case, the Performance Shares will be paid to the Employee’s estate as soon as practicable following his or her death, subject to paragraph 9. Any Performance Shares that vest in accordance with paragraph 5 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares in accordance with the provisions of such paragraph, subject to paragraph 9. For each Performance Share that vests, the Employee will receive one Share.

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