Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse) [x] shall [ ] shall not have the right to have their life expectancy recalculated annually. If "shall", [ ] only the Participant shall be recalculated. [ ] both the Participant and Spouse shall be recalculated. [x] who is recalculated shall be determined by the Participant.
Recalculation of Life Expectancy. ¨ 1. Recalculation is not permitted.
Recalculation of Life Expectancy o
1. Recalculation is not permitted. ý
2. Recalculation is permitted. When determining payments in satisfying the minimum distribution requirements under the Plan and life expectancy is being recalculated: o
a. only the Participant's life expectancy shall be recalculated. ý
b. both the Participant and Spouse's life expectancy shall be recalculated. o
c. the Participant will determine whose life expectancy is recalculated. ý
Recalculation of Life Expectancy. In determining required distributions under the Plan, a Participant and/or Spouse (Surviving Spouse) [X] shall [ ]shall not have the right to have their life expectancy recalculated annually. If life expectancy is recalculated, it will follow the Employer's administrative policy.
20. SPONSOR CONTACT Employers should direct questions concerning the language contained in and the qualification of the Prototype to: Capital Guardian Trust Company Corporate Employee Benefits Department (Phone Number) (000)000-0000 In the event that the Sponsor amends, discontinues or abandons this Prototype Plan, notification will be provided to the Employer's address provided on the first page of this Agreement
Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse) [x] shall [ ] shall not have the right to have their life expectancy recalculated annually. If "shall", [ ] only the Participant shall be recalculated. [ ] both the Participant and Spouse shall be recalculated. [x] who is recalculated shall be determined by the Participant. 22 SPONSOR CONTACT Employers should direct questions concerning the language contained in and qualification of the Prototype to: SunTrust Bank, Central Florida, N.A. (Job Title) Trust Administrator (Phone Number) (407) 237-4254 In the event that the Sponsor amends, discxxxxxxxx xx xxandons this Prototype Plan, notification will be provided to the Employer's address provided on the first page of this Agreement. APPENDIX A PRIOR PROVISIONS DIFFERENT EFFECTIVE PERIODS Provisions of this Adoption Agreement which were effective on different dates than this final Tax Reform Act of 1986 amended Plan are: Adoption Agreement Section Prior Provisions Effective Periods -------------------------- ---------------- ----------------- __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to __________ __________________________ ____________________________ ___________ to _______...
Recalculation of Life Expectancy. Section 2.5.1(c) provides that unless otherwise elected in the Adoption Agreement, life expectancies for determining the Required Minimum Distributions shall be recalculated:
Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse)[X] shall [ ] shall not have the right to have their life expectancy recalculated annually. If "shall", [ ] only the Participant shall be recalculated. [ ] both the Participant and Spouse shall be recalculated. [X] who is recalculated shall be determined by the Participant. Regional Prototype Profit-Sharing Plan #001 21. SIGNATURES
(a) EMPLOYER: Name and address of Employer if different than specified in item 1 above. This agreement and the corresponding provisions of the Plan and Trust Basic Plan Document #R1 were adopted by the Employer the 26th day of December, 1990. Signed for the Employer by: William R. Fairbanks Title: Xxxxxxxxx Signature: /s/ William R. Fairbanks The Employer understands that its faxxxxx xx xxxxxxxx xxmplete the Adoption Agreement may result in disqualification of its Plan.
Recalculation of Life Expectancy. When determining installment payments in satisfying the minimum distribution requirements under the Plan, Life Expectancy shall: [X] 1. Be recalculated at the Participant's election. [_] 2. Be recalculated. [_] 3. Not be recalculated.
Recalculation of Life Expectancy. In determining required distributions under the Plan, a Participant and/or Spouse (Surviving Spouse) [X] shall [ ] shall not have the right to have their life expectancy recalculated annually. If life expectancy is recalculated, it will follow the Employer's administrative policy. Prototype Cash or Deferred Profit-Sharing Plan #001
Recalculation of Life Expectancy. Your surviving spouse may annually recalculate his or her life expectancy for the purpose of choosing a payment schedule under subparagraph (C)(2) above. However, if your spouse initially selects a method of payment based on his or her recalculated life expectancy, he or she may not subsequently choose a slower payment schedule.
