Minimum Required Distributions. Effective as of January 1, 1997 through December 31, 2002, payment of a Member’s Account shall not commence later than April 1 of the calendar year following the later of (i) the calendar year in which the Member attains age 70 1/2 or (ii) the calendar year in which the Member retires; provided however, if the Member is a 5 percent owner (as described in Section 416(i) of the Code), at any time during the Plan Year ending with or within the calendar year in which the Employee attains age 70 1/2, any benefit payable to such Member shall commence no later than April 1 of the calendar year following the calendar year in which the Member attains age 70 1/2.
A) Subject to Section 7.3, joint and survivor annuity requirements, the requirements of this Section shall apply to any distribution of a Member’s interest and will take precedence over any inconsistent provisions of this Plan. Unless otherwise specified, the provisions of this Section 7.6 apply to calendar years beginning after December 31, 1984. All distributions required under this Section 7.6 shall be determined and made in accordance with the proposed regulations under Section 401(a)(9) of the Code, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of the proposed regulations. The entire interest of a Member must be distributed or begin to be distributed no later than the Member’s required beginning date.
B) As of the first distribution calendar year, distributions, if not made in a single-sum, may only be made over one of the following periods (or a combination thereof):
(1) the life of the Member,
(2) the life of the Member and a designated beneficiary,
(3) a period certain not extending beyond the life expectancy of the Member, or
(4) a period certain not extending beyond the joint and last survivor expectancy of the Member and a designated beneficiary.
C) If the Member’s interest is to be distributed in other than a single sum, the following minimum distribution rules shall apply on or after the required beginning date:
(1) If a Member’s benefit is to be distributed over (a) a period not extending beyond the life expectancy of the Member or the joint life and last survivor expectancy of the Member and the Member’s designated beneficiary or (b) 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...
Minimum Required Distributions. Monitor and process minimum required distribution (“MRD”) amounts as follows: the Trustee shall notify the MRD Participant and, upon notification from the MRD Participant, shall use the MRD Participant’s information to process their distribution. If the MRD Participant has terminated employment and does not respond to the Trustee’s notification, the Sponsor hereby directs the Trustee to automatically begin the required distribution for the MRD Participant.
Minimum Required Distributions. In no event may payment of a Member's Account begin later than April 1 of the year following the calendar year in which a Member attains age 70 1/2; provided, however, if a Member attained age 70 1/2 prior to January 1, 1988, except as otherwise provided below, any benefit payable to such Member shall commence no later than the April 1 of the calendar year following the later of (i) the calendar year in which the Member attains age 70 1/2 or (ii) the calendar year in which the Member retires. Such benefit shall be paid, in accordance with the Regulations, over a period not extending beyond the life expectancy of such Member. Life expectancy for purposes of this Section shall not be recalculated annualy in accordance with the Regulations. If a Member who is a 5% owner attained age 70 1/2 before January 1, 1988, any benefit payable to such Member shall commence no later than the April 1 of the calendar year following the later of (i) the calendar year in which the Member attains age 70 1/2 or (ii) the earlier of (a) the calendar year within which the Member becomes a 5% owner or (b) the calendar year in which the Member retires. For purposes of the preceding sentence, 5% owner shall mean a 5% owner of such Member's Employer as defined in Section 416(i) of the Code at any time during the Plan Year in which such owner attains age 66 1/2 or any subsequent Plan Year. Distributions must continue to such Member even if such Member ceases to own more than 5% of the Employer in a subsequent year.
Minimum Required Distributions. 410 4.4 Terms of Payment of Annuities. . . . . . . . . . . . . 420 4.5 Small Annuities and Accounts . . . . . . . . . . . . . 430 4.6 Payees . . . . . . . . . . . . . . . . . . . . . . . . 430 V. CHANGES 5.1 Changes by Prudential. . . . . . . . . . . . . . . . . 500 5.2 Changes by Agreement . . . . . . . . . . . . . . . . . 500 5.3 Changes to Conform to Law. . . . . . . . . . . . . . . 500 5.4 Persons Empowered to Act for Prudential. . . . . . . . 500
Minimum Required Distributions. (a) General Rules:
(1) Subject to Article IX, Joint and Survivor Annuity Requirements, the requirements of this Article shall apply to any distribution of a Participant's interest and will take precedence over any inconsistent provisions of this Plan. Unless otherwise specified, the provisions of this Article apply to calendar years beginning after December 31, 2002.
(2) All distributions required under this Article shall be determined and made in accordance with the Income Tax Regulations under section 401(a)(9), including the minimum distribution incidental benefit requirement of section 401(a)(9)(G) of the Code.
Minimum Required Distributions. Prudential will notify a Participant, prior to such Participant's Required Distribution Date, as determined from the records of Prudential on the basis of information furnished to Prudential, that he may be required to receive a minimum distribution from his Account under the contract in accordance with Code Section 401(a)(9) and the Regulations issued thereunder. Such notice will include information so as to assist the Participant in computing the amount of his required minimum distribution. Following such notice, a Participant may request that the required minimum distribution be paid to him from the contract by his Required Distribution Date. GVA-1000 (as modified by Group Annuity Amendment Form GAA-7793) Serial 400 4.1-4.3 If the Participant does not request a distribution of any portion of his Account under the contract pursuant to this section 4.3, Prudential shall be under no obligation to make such distribution.
Minimum Required Distributions. Notwithstanding any provision of the Plan to the contrary, the Plan shall comply with the minimum required distribution rules set forth in Sections 457(d)(2) and 401(a)(9) of the Code, including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code.
Minimum Required Distributions. If a Depositor has attained age 70 1/2 and has not notified the Custodian in writing as to how to calculate the minimum required distribution or that a minimum required distribution has been received from another IRA (xxference Article IV, Section 6), a minimum required distribution will be made in accordance with Article IV, Section 5.
Minimum Required Distributions. Notwithstanding anything contained herein to the contrary, any benefits to which a Participant is entitled shall commence not later than the Required Beginning Date. A Participant who must receive a Minimum Required Distribution (“MRD”) from the Plan pursuant to Plan Section 7.03 shall have the amount of such distribution calculated and made by the Plan Administrator in accordance with applicable Treasury Regulations (except to the extent the Plan Regulations provide for greater distributions than the Treasury Regulations), any applicable recordkeeping agreements, and this Plan Regulation.
Minimum Required Distributions. The contract satisfies the requirements of section 401(a)(9) (relating to minimum required distributions). See § 1.403(b)– 6(e).
