Common use of No Designated Beneficiary Clause in Contracts

No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no Designated Beneficiary as of September 30 of the year after the year of the Participant's death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant's death is the quotient obtained by dividing the RMD Account Balance by the Participant's remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

No Designated Beneficiary. If the Participant Member dies on or after the date distributions begin and there is no Designated Beneficiary as of September 30 of the year after the year of the ParticipantMember's death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the ParticipantMember's death is the quotient obtained by dividing the RMD Participant's Account Balance by the ParticipantMember's remaining Life Expectancy calculated using the age of the Participant Member in the year of death, reduced by one for each subsequent year.

No Designated Beneficiary. If the Participant Member dies on or after the date distributions begin and there is no Designated designated Beneficiary as of September 30 of the year after the year of the Participant's Member’s death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant's Member’s death is the quotient obtained by dividing the RMD Member’s Account Balance balance by the Participant's Member’s remaining Life Expectancy calculated using the age of the Participant Member in the year of death, reduced by one for each subsequent year.

No Designated Beneficiary. If the Participant Member dies on or after the date distributions begin and there is no Designated Beneficiary designated beneficiary as of September 30 of the year after the year of the ParticipantMember's death, the minimum amount that will be distributed for each Distribution Calendar Year distribution calendar year after the year of the ParticipantMember's death is the quotient obtained by dividing the RMD Account Balance Member's account balance by the ParticipantMember's remaining Life Expectancy life expectancy calculated using the age of the Participant Member in the year of death, reduced by one for each subsequent year.