Common use of Participant Survived by Designated Beneficiary Clause in Contracts

Participant Survived by Designated Beneficiary. Except as provided in the Adoption Agreement, if the Participant dies 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 Participant’s death is the quotient obtained by dividing the Participant’s account balance by the remaining life expectancy of the Participant’s designated Beneficiary, determined as provided in paragraph 17.11

Appears in 2 contracts

Samples: Prototype Defined Contribution Plan (Georgetown Bancorp, Inc.), Nonstandardized Adoption Agreement (Chicopee Bancorp, Inc.)

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Participant Survived by Designated Beneficiary. Except as provided the Employer may elect in the Adoption Agreement, if the Participant dies 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 Participant’s 's death is the quotient obtained by dividing the Participant’s 's account balance by the remaining life expectancy of the Participant’s 's designated Beneficiary, determined as provided in paragraph 17.11Section 4.03(D)(1).

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

Participant Survived by Designated Beneficiary. Except as provided in the Adoption Agreementadoption agreement, if the Participant dies before the date distributions begin and there is a designated Designated Beneficiary, 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 Participant’s 's account balance by the remaining life expectancy of the Participant’s designated Designated Beneficiary, determined as provided in paragraph 17.11section 6.2(d)(i).

Appears in 2 contracts

Samples: ssfcudocs.blob.core.windows.net, ssfcudocs.blob.core.windows.net

Participant Survived by Designated Beneficiary. Except as provided in the Adoption Agreement, if If the Participant dies before the date required distributions begin and there is a designated Designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance Account Balance by the remaining life expectancy Life Expectancy of the Participant’s designated Designated Beneficiary, determined as provided in paragraph 17.11Subsection 2.5.4(f). If permitted in the Adoption Agreement, a Participant or Designated Beneficiary may elect to receive distributions over the five-year period described in Subsection 2.5.4(b)(3).

Appears in 1 contract

Samples: Adoption Agreement (Eureka Financial Corp.)

Participant Survived by Designated Beneficiary. Except as provided the Employer may elect in the Adoption Agreement, if the Participant dies 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 Participant’s death is the quotient obtained by dividing the Participant’s account balance by the remaining life expectancy of the Participant’s designated Beneficiary, determined as provided in paragraph 17.11Section 4.03(D)(1).

Appears in 1 contract

Samples: City And

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Participant Survived by Designated Beneficiary. Except as provided in the Adoption Agreementadoption agreement, if the Participant dies before the date distributions begin and there is a designated Beneficiarybeneficiary, 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 Participant’s account balance by the remaining life expectancy of the Participant’s designated Beneficiarybeneficiary, determined as provided in paragraph 17.11Section 4.1.

Appears in 1 contract

Samples: Trust Agreement (Nordson Corp)

Participant Survived by Designated Beneficiary. Except as provided in the Adoption Agreementadoption agreement, if the Participant participant dies before the date distributions begin and there is a designated Beneficiarybeneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s participant's death is the quotient obtained by dividing the Participant’s participant's account balance by the remaining life expectancy of the Participant’s participant's designated Beneficiarybeneficiary, determined as provided in paragraph 17.11Section 4.1.

Appears in 1 contract

Samples: Southwest Community Bancorp

Participant Survived by Designated Beneficiary. Except as provided in the Adoption Agreementadoption agreement, if the Participant dies before the date distributions begin and there is a designated Designated Beneficiary, 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 Participant’s account 's Account balance by the remaining life expectancy of the Participant’s designated Designated Beneficiary, determined as provided in paragraph 17.11section 6.2(d)(i).

Appears in 1 contract

Samples: Pax World Funds

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