REQUIRED DISTRIBUTION DATE Sample Clauses

REQUIRED DISTRIBUTION DATE. Distributions are required to commence to the Participant as of his Required Distribution Date. A Participant's Required Distribution Date is the April 1 of the calendar following the one in which the Participant attains age 70 1/2.
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REQUIRED DISTRIBUTION DATE. Distributions are required to commence to the Participant as of his Required Distribution Date. A Participant's Distribution Date is defined below: (a) with respect to the portion of a Participant's Account under the contract consisting of (i) contributions made by or on behalf of such Participant on or before December 31, 1986 and (ii) income credited to such contributions as of December 31, 1986, a Participant's Required Distribution Date is the last day of the year in which the Participant attains age 75, regardless of whether or not such Participant has terminated his employment with the employer sponsoring the Plan or Salary-Annuity Agreement arrangement under the contract GVA-120-87 (10/11) (as modified by Group Annuity Amendment Form GPA-7764) Serial 400 4.1-4.2 (b) with respect to the remaining portion of a Participant's Account under the contract, a Participant's Required Distribution Date is: (i) with respect to any Participant who attained age 70 1/2 before January 1, 1988, the April 1 of the calendar year following the one in which the later of (A) the Participant's termination of employment with the employer sponsoring the Plan or Salary-Annuity Agreement arrangement under the contract or (B) the Participant's attainment of age 70 1/2 occurs; (ii) with respect to any Participant who attained age 70 1/2 during 1988 and who had not terminated employment with the employer sponsoring the Plan or Salary-Annuity Agreement arrangement under the contract as of January 1, 1989, April 1, 1990: and (iii) with respect to all other Participants, the April 1 of the calendar year following the one in which the Participant attains age 70 1/2 regardless of whether or not such Participant has terminated his employment with the employer sponsoring the Plan or Salary-Annuity Agreement arrangement under the contract. If the plan funded under the contract is a church or governmental plan, as defined in the Code, the Required Distribution Date for a Participant covered under such plan with respect to the portion of his Account defined in paragraph (b) above is the Required Distribution Date set forth in subparagraph (b)(i) above. If the Participant's Account includes a transfer contribution made pursuant to paragraph (b) of section 1.1, the Required Distribution Date applicable to such transfer contribution will be determined in accordance with paragraph (b) above, except as provided in the following paragraph. If any portion of the Participant's transfer contributi...
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REQUIRED DISTRIBUTION DATE. The Participant's entire interest in the Plan will be distributed, or begin to be distributed, to the Participant no later than the Participant's Required Distribution Date.
Sample 1
REQUIRED DISTRIBUTION DATE. Distribution to any Participant (whether employed by an Employer, retired or otherwise terminated) must be made no later than April 1 following the calendar year in which he reaches age 70-1/2 in accordance with the minimum distribution rules of Section 401(a)(9) of the Code and the regulations promulgated thereunder; provided, however, that in the case of a Participant who attained age 70-1/2 prior to January 1, 1988, distribution may be delayed until April 1 following the calendar year in which he retires if such Participant is not a 5% owner.
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REQUIRED DISTRIBUTION DATE. April 1 of the calendar year next following the calendar year in which the Owner attains age 70 1/2. The prior sentence is intended only to comply with certain distribution requirements imposed by the Code and Internal Revenue Service regulations and if those requirements are amended or repealed, this Contract shall be deemed amended consistent with such amendment or repeal, and shall be administered in accordance with such amended or repealed Code and Internal Revenue Service regulation requirements without the need to issue an amendment to this Contract. A separate account of the Company established and maintained under the laws of the State of New York, to which a portion of the Company’s assets in connection with this Contract and certain other contracts may be allocated. A savings incentive match plan for employees arrangement described in Section 408(p) of the Code. The legal spouse of the Owner at the time of the Owner’s death. A management investment company registered under the Investment Company Act of 1940 that has at least one fund or portfolio in which the Separate Account invests. A bank or trust company that:
Sample 1
REQUIRED DISTRIBUTION DATE. April 1 of the calendar year next following the calendar year in which the Owner attains age 70 1/2. The prior sentence is intended only to comply with certain distribution requirements imposed by the Code and Internal Revenue Service regulations and if those requirements are amended or repealed, this Contract shall be deemed amended consistent with such amendment or repeal, and shall be administered in accordance with such amended or repealed Code and Internal Revenue Service regulation requirements without the need to issue an amendment to this Contract. A simplified employee pension arrangement described in Section 408(k) of the Code.
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REQUIRED DISTRIBUTION DATE. Generally, the first day of April of the calendar year after you reach age 70 1/2, or retire, whichever is later. However, for Contract Value as of December 31, 1986, the Required Distribution Date is the last day of the calendar year in which you attain age 75 or retire, whichever is later.
Sample 1
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Related to REQUIRED DISTRIBUTION DATE

  • Required Distributions Except in the case of a special needs beneficiary, the assets of the Xxxxxxxxx ESA are required to be distributed to the designated beneficiary within 30 days of the designated beneficiary’s attainment of age 30. The designated beneficiary will be subject to both income tax and an additional 10 percent penalty tax on the portion of the distribution that represents earnings, if the designated beneficiary does not have any qualified education expenses in that year. Any balance remaining in the Xxxxxxxxx ESA upon the death of the designated beneficiary will be distributed within 30 days of the designated beneficiary’s death, unless a death beneficiary is named and the death beneficiary is a qualified family member under age 30. If the death beneficiary is a qualified family member under age 30, that individual will become the designated beneficiary as of the date of death. Qualified family members include the designated beneficiary’s child, grandchild, or xxxxxxxxx, brother, sister, stepbrother, or stepsister, nephew or niece, parents, stepparents, or grandparents, uncle or aunt, spouses of all the family members listed above, cousin, and the designated beneficiary’s spouse. If a qualified family member becomes the designated beneficiary, the custodian, if it so chooses for any reason (e.g., due to limitations of its charter or bylaws), may require a total distribution of the Xxxxxxxxx ESA by December 31 of the year following the year of the original designated beneficiary’s death.

  • Distribution Date 13 DTC...........................................................................................13

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.

  • Qualified Distributions Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution which is made after the expiration of the five-year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRA), and is made on account of one of the following events. • Attainment of age 59½ • Disability • First-time homebuyer purchase • Death For example, if you made a contribution to your Xxxx XXX for 2007, the five-year period for determining whether a distribution is a qualified distribution is satisfied as of January 1, 2012.

  • Final Distribution The Issuer shall give the Indenture Trustee at least 30 days written notice of the Payment Date on which the Noteholders of any Series, Class or Tranche may surrender their Notes for payment of the final distribution on and cancellation of such Notes. Not later than the fifth day of the month in which the final distribution in respect of such Series, Class or Tranche is payable to Noteholders, the Indenture Trustee shall provide notice to Noteholders of such Series, Class or Tranche specifying (i) the date upon which final payment of such Series, Class or Tranche will be made upon presentation and surrender of Notes of such Series, Class or Tranche at the office or offices therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such payment date is not applicable, payments being made only upon presentation and surrender of such Notes at the office or offices therein specified (which, in the case of Bearer Notes, shall be outside the United States). The Indenture Trustee shall give such notice to the Note Registrar and the Paying Agent at the time such notice is given to Noteholders. (a) Notwithstanding a final distribution to the Noteholders of any Series, Class or Tranche of Notes (or the termination of the Issuer), except as otherwise provided in this paragraph, all funds then on deposit in any Issuer Account allocated to such Noteholders shall continue to be held in trust for the benefit of such Noteholders, and the Paying Agent or the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes, if certificated. In the event that all such Noteholders shall not surrender their Notes for cancellation within 6 months after the date specified in the notice from the Indenture Trustee described in paragraph (a), the Indenture Trustee shall give a second notice to the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with respect thereto (which surrender and payment, in the case of Bearer Notes, shall be outside the United States). If within one year after the second notice all such Notes shall not have been surrendered for cancellation, the Indenture Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes, and the cost thereof shall be paid out of the funds in the Collection Account or any Supplemental Issuer Accounts held for the benefit of such Noteholders. The Indenture Trustee and the Paying Agent shall pay to the Issuer any monies held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Issuer, Noteholders entitled to the money must look to the Issuer for payment as general creditors unless an applicable abandoned property law designates another Person.

  • Primary Distribution Discount Notes shall be issued and settled through the Fed Book-Entry System in same-day funds and shall be held by designated Fed Participants. After initial issue, all Discount Notes shall continue to be held by such Fed Participants in the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Fed Participants. Discount Notes shall not be exchangeable for definitive Discount Notes.

  • Certificate Distribution Account The Certificate Distribution Account shall be established as a non-interest bearing trust account pursuant to Section 4.1 of the Sale and Servicing Agreement. Funds on deposit in the Certificate Distribution Account shall be held uninvested. The Certificateholders shall possess all beneficial right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and all proceeds thereof. Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

  • Restricted Distributions Notwithstanding any provision to the contrary contained in this Agreement, neither the Partnership nor the General Partner, on behalf of the Partnership, shall make a distribution to any Holder if such distribution would violate the Act or other applicable law.

  • REMIC Distributions On each Distribution Date the Trustee shall be deemed to have allocated distributions to the REMIC I Regular Interests, REMIC II Regular Interests, Class CE Interest, Class P Interest and Class IO Interest in accordance with Section 5.07 hereof.

  • Final Distributions Upon the winding up of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.

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