Common use of Incidental Death Benefits Clause in Contracts

Incidental Death Benefits. For calendar years beginning before January 1, 1989, if the Participant's spouse is not the designated Beneficiary, the method of distribution selected must assure that at least fifty (50%) percent of the present value of the amount available for distribution is paid within the life expectancy of the Participant.

Appears in 3 contracts

Samples: Adoption Agreement (Jones Medical Industries Inc /De/), Capstone Pharmacy Services Inc, Southbanc Shares Inc

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Incidental Death Benefits. For calendar years beginning before January 1, 1989, if the Participant's spouse is not the designated Designated Beneficiary, the method of distribution selected must assure that at least fifty (50%) percent of the present value of the amount available for distribution is paid within the life expectancy of the Participant.

Appears in 1 contract

Samples: Southwest Community Bancorp

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Incidental Death Benefits. For calendar years beginning before January 1, 1989, if the Participant's spouse is not the designated Beneficiary, the method of distribution selected must assure that at least fifty (50%) percent of the present value of the amount available for distribution is paid within the life expectancy of the Participant.

Appears in 1 contract

Samples: Agreement (Floridian Financial Group Inc)

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