Common use of Non-5-percent owners Clause in Contracts

Non-5-percent owners. The Required Beginning Date of a Participant who is not a 5-percent owner is the first day of April of the calendar year following the calendar year in which the later of retirement or attainment of age 70-1/2 occurs. In the case of a Participant who is not a 5-percent owner who attains age 70-1/2 during 1988 and who has not retired as of January 1, 1989, the Required Beginning Date is April 1, 1990.

Non-5-percent owners. The Required Beginning Date of a Participant who is not a 5-percent owner is the first day of April of the calendar year following the calendar year in which the later of retirement or attainment of age 70-70 1/2 occurs. In the case The Required Beginning Date of a Participant who is not a 5-percent owner owner, who attains age 70-70 1/2 during 1988 and who has not retired as of January 1, 1989, the Required Beginning Date is April 1, 1990.

Non-5-percent owners. The Required Beginning Date of a Participant who is not a 5-5 percent owner is the first day of April of the calendar year following the calendar year in which the later of retirement or attainment of age 70-70 1/2 occurs. In the case The Required Beginning Date of a Participant who is not a 5-5 percent owner owner, who attains age 70-70 1/2 during 1988 and who has not retired as of January 1, 1989, the Required Beginning Date is April 1, 1990.

Non-5-percent owners. The Required Beginning Date of a Participant who is not a 5-percent owner is the first day of April of the calendar year following the calendar year in which the later of retirement or attainment of age 70-1/2 occurs. In the case of a Participant who is not a 5-percent owner who attains age 70-1/2 during 1988 and 70- 0/0 xxxxxx 0000 xxx who has not retired as of January 1, 1989, the Required Beginning Date is April 1, 1990.