Common use of Required Beginning Date Clause in Contracts

Required Beginning Date. The Required Beginning Date of a Participant with respect to a Plan is (select one from below): ¨ 1. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2. ¨ 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 or the calendar year in which the Participant retires.

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (Legacy Bancorp, Inc.), Defined Contribution Plan (FNB United Corp.)

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Required Beginning Date. The Required Beginning Date of a Participant with respect to a Plan is (select one from below): ¨ ( ) 1. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2.70½. ¨ ( ) 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 70½ except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 70½ or the calendar year in which the Participant retires.

Appears in 1 contract

Samples: Adoption Agreement (Socket Communications Inc)

Required Beginning Date. The For purposes of determining when minimum distributions must begin to be made to each Participant, the Required Beginning Date will mean (select one): Option 1: o April 1 of the calendar year following the calendar year in which a Participant with respect to a Plan is (select one from below):attains age 70½. ¨ 1. The Option 2: o April 1 I of the calendar year following the calendar year in which the Participant attains age 70 1/2. ¨ 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 70½, except that distributions to a Participant (other than a 5% five-percent owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan (specify month, day, and year) must commence no later than the by April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 70½ or the calendar year in which the Participant retires.

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan (Radian Group Inc)

Required Beginning Date. The Required Beginning Date of a Participant with respect to a the Plan is (select one from below): ¨ o 1. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2.701/2 ¨ þ 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 701/2 except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 701/2 or the calendar year in which the Participant retires.

Appears in 1 contract

Samples: Defined Contribution Plan (Athens Bancshares Corp)

Required Beginning Date. The Required Beginning Date of a Participant with respect to a Plan is (select one from below): ¨ * 1. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2.70½. ¨ * 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 70½ except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 70½ or the calendar year in which the Participant retires.

Appears in 1 contract

Samples: Adoption Agreement (Atlas America Inc)

Required Beginning Date. The Required Beginning Date of a Participant with respect to a the Plan is (select one from below): ¨ o 1. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2701/2. ¨ o 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 701/2 except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 701/2 or the calendar year in which the Participant retires.

Appears in 1 contract

Samples: Savings and Investment Plan Document (Sterling Chemicals Inc)

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Required Beginning Date. The Required Beginning Date of a Participant with respect to a the Plan is (select one from below): ¨ 1. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2. ¨ 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 or the calendar year in which the Participant retires.

Appears in 1 contract

Samples: Defined Contribution Plan (Fraternity Community Bancorp Inc)

Required Beginning Date. The Required Beginning Date of a Participant with respect to a the Plan is (select one from below): ¨ o 1. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2.70½. ¨ o 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 70½ except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 70½ or the calendar year in which the Participant retires.

Appears in 1 contract

Samples: Cash or Deferred Profit Sharing Plan Adoption Agreement (Willis Group Holdings LTD)

Required Beginning Date. The Required Beginning Date of a Participant with respect to a Plan is (select one from below):): o ¨ 1. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2.701/2. o ¨ 2. The April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 701/2 except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this Plan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 701/2 or the calendar year in which the Participant retires.

Appears in 1 contract

Samples: Nonstandardized Integrated Adoption Agreement (Danvers Bancorp, Inc.)

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