Common use of Participant Survived By Designated 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 3 contracts

Samples: Defined Contribution Plan (Idt Corp), Defined Contribution Plan (United Community Bancorp), Defined Contribution Plan (FNB United Corp.)

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Participant Survived By Designated. Beneficiary - Except as provided in the Adoption Agreement, if 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 account 's Account balance by the remaining life expectancy of the Participant’s 's designated Beneficiary, determined as provided in paragraph 17.11Section 5.12(c)(vi).

Appears in 2 contracts

Samples: Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp), Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp)

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 by the remaining life expectancy of the Participant’s designated Designated Beneficiary, determined as provided in paragraph 17.117.10.

Appears in 2 contracts

Samples: Savings and Investment Plan Document (Sterling Chemicals Inc), Defined Contribution Plan (Athens Bancshares Corp)

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 1 contract

Samples: 401(k) Defined Contribution Plan (Measurement Specialties Inc)

Participant Survived By Designated. Beneficiary - 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 '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 17.11.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

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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 1 contract

Samples: Defined Contribution Plan (Century Bancorp Inc)

Participant Survived By Designated. Beneficiary - Except as provided in the Adoption AgreementAgreement (or in a separate IRS model amendment, if applicable), 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 Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance benefit by the remaining life expectancy Life Expectancy of the Participant’s designated Designated Beneficiary, determined as provided in paragraph 17.11Section 5.05(D)(1).

Appears in 1 contract

Samples: Comprehensive 401(k) Profit Sharing Plan Nonstandardized Adoption Agreement (Kimball Electronics, Inc.)

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