Distributions Upon Death. Upon the death of the Individual, his or her entire interest will be distributed at least as rapidly as follows:
(a) If the Designated Beneficiary is someone other than the Individual’s surviving Spouse, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the Individual’s death, over the remaining life expectancy of the Designated Beneficiary, with such life expectancy determined using the Designated Beneficiary’s age as of his or her birthday in the year following the year of the Individual’s death, or, if the distributions are being made over the period described in (c) below if longer.
(b) If the Individual’s sole Designated Beneficiary is the Individual’s surviving Spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Individual’s death (or by the end of the calendar year in which the Individual would have attained age 70 1/2, if later), over such Xxxxxx’s life or if elected in accordance with paragraph (c) below. If the surviving Spouse dies before distributions are required to begin, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the Spouse’s death, over the Spouse’s Designated Beneficiary’s remaining life expectancy determined using such Beneficiary’s age as of his or her birthday in the year following the death of the Spouse, or if elected will be distributed in accordance with paragraph (c) below. If the surviving Spouse dies after the distributions are required to begin, any remaining interest will be distributed over the Spouse’s remaining life expectancy determined using the Spouse’s age as of his or her birthday in the year of the Spouse’s death.
(c) If there is no Designated Beneficiary, or if applicable by operation of paragraph (a) or (b) above, the remaining interest will be distributed by the end of the calendar year containing the fifth anniversary of the Individual’s death [or of the Spouse’s death in the case of the surviving Spouse’s death before distributions are required to begin under paragraph (b) above] over the Individual’s remaining life expectancy determined in the year of the Individual’s death.
(d) The amount to be distributed each year under paragraph (a), (b) or (c), beginning with the calendar year following the calendar year of the Individual’s death, is the quotient obtained by dividing the value of the IRA as of the en...
Distributions Upon Death. A distribution upon death will not be covered by this transitional rule unless the information in the designation contains the required information described above with respect to the distributions to be made upon the death of the Participant.
Distributions Upon Death. If a Participant dies prior to distribution of his interest in the Plan, You will approve the amount of the death benefit and advise Us of the following:
(A) the designated beneficiary(ies); and
(B) the form of benefit to be paid in accordance with the provisions of the Plan and applicable law.
Distributions Upon Death. Upon the death of a Participant, all amounts credited to his or her Account shall be paid, as soon as administratively feasible but no later than ninety (90) days following Participant’s date of death, to his or her beneficiary or beneficiaries, as determined under Article 7 hereof, in a lump sum.
Distributions Upon Death. (Article 5.5 of the Plan). If a Participant dies while employed with the Employer, the unpaid portion of his or her Participant’s Account balance, if any, shall be distributed in a single sum.
Distributions Upon Death. If you have commenced irrevocable annuity payments according to one of the plans (A through E) described in your Contract, upon your death, the remaining portion of your interest will continue to be distributed under the annuity payment plan chosen.
Distributions Upon Death. (a) Notwithstanding any provision of this Agreement to the contrary, the distribution of a Participant's interest in the Custodial Account shall be made in accordance with the requirements of Code Section 408(a)(6), as modified by Code Section 408A(c) (5), and the regulations thereunder, the provisions of which are herein incorporated by reference. If distributions are made from an annuity contract purchased from an insurance company, distributions thereunder must satisfy the requirements of Section 1.401(a)(9)-6 of the Income Tax Regulations (taking into account Code Section 408A(c)(5)), rather than the distribution rules in paragraphs (b),(c) and (d) below.
(b) Upon the death of the Participant, his or her entire interest will be distributed in an amount at least equal to the following:
(i) If the Beneficiary is someone other than the Participant's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Participant's death, over the remaining life expectancy of the Beneficiary, with such life expectancy determined using the age of the Beneficiary as of his or her birthday in the year following the year of the Participant's death, or, if elected, in accordance with paragraph (b)(iii) below. If this is an inherited IRA within the meaning of Code Section 408(d)(3)(C) established for the benefit of a nonspouse Beneficiary by a direct trustee-to-trustee transfer from a retirement plan of a deceased individual under Code Section 402(c)(11), then, notwithstanding any election made by the deceased individual pursuant to the preceding sentence, the nonspouse Beneficiary may elect to have distributions made under this paragraph (b)(i) if the transfer is made no later than the end of the year following the year of death.
(ii) If the Participant's sole Beneficiary is the Participant's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Participant's death (or by the end of the calendar year in which the individual would have attained age 70½, if later), over such spouse's life expectancy, or, if elected, in accordance with paragraph (b)(iii) below. If the surviving spouse dies before distributions are required to begin, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's death, over the spouse's Beneficiary's remaining life expecta...
Distributions Upon Death. Notwithstanding any other Beneficiary designation made by a Participant, if a Participant is married on the date of his or her death and dies before the Annuity Starting Date, then with respect to such portion of a deceased Participant’s Transfer Contribution Account, the Participant’s surviving Spouse will receive a minimum death benefit as a Qualified Pre-Retirement Survivor Annuity unless such annuity has been waived under Section 5.8(b) of the Plan, in which event such death benefit will be distributed to the surviving Spouse in the manner described in Section 5.2.
Distributions Upon Death. (Plan Section 6.6(h))
Distributions Upon Death. Notwithstanding any other Beneficiary designation made by a Participant, if a Participant is married on the date of his or her death and dies before the Annuity Starting Date, the Participant’s surviving Spouse will, with respect to any portion of a deceased Participant’s benefit which is subject to the requirements of this Section, receive a minimum death benefit as a Qualified Preretirement Survivor Annuity unless such annuity has been waived under paragraph (c) below, in which event any such death benefit will be distributed to the surviving Spouse in the manner described in Section 5.2. Any portion of a deceased Participant’s death benefit which a non-Spouse Beneficiary is entitled to receive under Section 4.3 and which is subject to the requirements of this Section will be distributed in the manner described in Section 5.2(c).
