Common use of Recalculation of Life Expectancy Clause in Contracts

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.

Appears in 2 contracts

Samples: Adoption Agreement (Sano Corp), Nonstandardized Profit Sharing Plan and Trust/Custodial Account (Good Times Restaurants Inc)

AutoNDA by SimpleDocs

Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse) [xX] 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. [xX] who is recalculated shall be determined by the Participant.

Appears in 1 contract

Samples: Adoption Agreement (Century Bancorp Inc)

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.. Prototype Cash or Deferred Profit- Sharing Plan #002

Appears in 1 contract

Samples: Adoption Agreement (Option Care Inc/De)

Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse) [xX] shall [ ] shall not have the right to have their life expectancy recalculated annually. If lf "shall", [ [] only the Participant shall be recalculated. [ [X] both the Participant and Spouse shall be recalculated. [x] who is recalculated shall be determined by the Participant.

Appears in 1 contract

Samples: Adoption Agreement (Equivest Finance Inc)

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.. PROTOTYPE CASH OR DEFERRED PROFIT- SHARING PLAN #001

Appears in 1 contract

Samples: Adoption Agreement (Vs Holdings Inc)

Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse) [x_] shall [ [X] 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.. Prototype Cash or Deferred Profit- Sharing Plan #002

Appears in 1 contract

Samples: Adoption Agreement (Finish Line Inc /De/)

AutoNDA by SimpleDocs

Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse) [ ] shall [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.

Appears in 1 contract

Samples: Adoption Agreement (Peoples Sidney Financial Corp)

Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse) [x] |X| shall [ ] |_| shall not have the right to have their life expectancy recalculated annually. If "shall", [ ] |_| only the Participant shall be recalculated. [ ] |X| both the Participant and Spouse shall be recalculated. [x] |_| who is recalculated shall be determined by the Participant.. Prototype Cash or Deferred Profit- Sharing Plan #001

Appears in 1 contract

Samples: Adoption Agreement (Equivest Finance Inc)

Recalculation of Life Expectancy. In determining required distributions under the Plan, Participants and/or their Spouse (Surviving Spouse) [ ] shall [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.. Prototype Cash or Deferred Profit- Sharing Plan #004

Appears in 1 contract

Samples: Adoption Agreement (Community Bancorp /Vt)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!