Member Survived by Designated Beneficiary. If the Member 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 Member=s death is the quotient obtained by dividing the Member=s Account balance by the longer of the remaining Life Expectancy of the Member or the remaining Life Expectancy of the Member=s designated Beneficiary, determined as follows:
Appears in 2 contracts
Samples: Adoption Agreement (Sugar Creek Financial Corp./Md/), Adoption Agreement (Cape Bancorp, Inc.)
Member Survived by Designated Beneficiary. If the Member dies on or after before 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 Member=s death is the quotient obtained by dividing the Member=s Account balance by the longer of the remaining Life Expectancy of the Member or the remaining Life Expectancy of the Member=s designated Beneficiary, determined as follows:provided in paragraph (D) (1).
Appears in 2 contracts
Samples: Adoption Agreement (Sugar Creek Financial Corp./Md/), Adoption Agreement (Cape Bancorp, Inc.)
Member Survived by Designated Beneficiary. If the Member 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 Member=s ’s death is the quotient obtained by dividing the Member=s ’s Account balance by the longer of the remaining Life Expectancy of the Member or the remaining Life Expectancy of the Member=s ’s designated Beneficiary, determined as follows:
Appears in 1 contract
Samples: Adoption Agreement (First Savings Financial Group Inc)
Member Survived by Designated Beneficiary. If the Member dies on or after before 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 Member=s ’s death is the quotient obtained by dividing the Member=s ’s Account balance by the longer of the remaining Life Expectancy of the Member or the remaining Life Expectancy of the Member=s ’s designated Beneficiary, determined as follows:provided in paragraph (D) (1).
Appears in 1 contract
Samples: Adoption Agreement (First Savings Financial Group Inc)