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