Individual Account. If a Participant's benefit is to be distributed over (1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's designated Beneficiary or (2) a period not extending beyond the life expectancy of the designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions the first distribution calendar year, must at least equal the quotient obtained by dividing the Participant's benefit by the applicable life expectancy.
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Individual Account. If a Participant's benefit is to be distributed over (1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's designated Beneficiary or (2) a period not extending beyond the life hie expectancy of the designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the first distribution calendar year, must at least equal the quotient obtained by dividing the Participant's benefit by the applicable life expectancy.
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Individual Account. If a Participant's benefit is to be distributed over (1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Participants designated Beneficiary or (2) a period not extending beyond the life expectancy of the designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the first distribution calendar year, must at least equal the quotient obtained by dividing the Participant's benefit by the applicable life fife expectancy.
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Individual Account. If a Participant's benefit is to be distributed over (1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's designated Beneficiary or (2) a period not extending beyond the life expectancy of the designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the first distribution calendar year, must at least equal the quotient obtained by dividing the Participant's benefit by the applicable life expectancy.
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Samples: 401(k) Profit Sharing Plan Adoption Agreement (Antigenics Inc /De/)
Individual Account. If a Participantparticipant's benefit is to be distributed over (1) a period not extending beyond the life expectancy of the Participant participant or the joint life and last survivor expectancy of the Participant participant and the Participantparticipant's designated Beneficiary beneficiary or (2) a period not extending beyond the life expectancy of the designated Beneficiarybeneficiary, the amount required to be distributed for each calendar year, year beginning with distributions for the first distribution calendar year, must at least equal the quotient obtained by dividing the Participantparticipant's benefit by the applicable life expectancy.
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Samples: Adoption Agreement for a Non Standardized 401(k) Plan (Interpool Inc)
Individual Account. If a Participant's benefit is to be distributed over (1i) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's designated Beneficiary or (2ii) a period not extending beyond the life expectancy of the designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the first distribution calendar year, must at least equal the quotient obtained by dividing the Participant's benefit by the applicable life expectancy.
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Samples: Tax Sheltered Custodial Account Agreement (New England Funds Trust I)