Common use of Required Distribution Default Provisions Clause in Contracts

Required Distribution Default Provisions. (1) Unless otherwise elected by the Participant (or spouse, if applicable) by the time distributions are required to begin, life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or spouse) and shall apply to all subsequent years. The life expectancy of a non-spouse may not be recalculated. (2) If the Participant does not choose any of the distribution methods under this Section 5.6 by such Participant’s Required Beginning Date (defined in Section 5.3(b)), distributions shall be made to the Participant’s non-recalculated Single Life Expectancy according to the IRS Code. (3) All requests for distributions shall be made on a pro- rata basis among the applicable funds unless directed otherwise by the Participant.

Required Distribution Default Provisions. (1i) Unless otherwise elected by the Participant (or spouse, if applicable) by the time distributions are required to begin, life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or spouse) and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. (2ii) If the Participant does not choose any of the distribution methods under this Section 5.6 section 6.1 by such Participant’s 's Required Beginning Date (defined in Section 5.3(b))Date, distributions distribution shall be made to the Participant based on such Participant’s 's non-recalculated Single Life Expectancy according to the IRS Codeexpectancy. (3iii) All requests for distributions shall be made on a pro- pro-rata basis among the applicable funds Funds unless directed otherwise by the Participant.

Required Distribution Default Provisions. (1) Unless otherwise elected by the Participant (or spouse, if applicable) by the time distributions are required to begin, life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or spouse) and shall apply to all subsequent years. The life expectancy of a non-spouse may not be recalculated. (2) If the Participant does not choose any of the distribution dis- tribution methods under this Section 5.6 by such Participant’s Required Beginning Date (defined in Section 5.3(b)), distributions shall be made to the Participant’s non-recalculated Single Life Expectancy according to the IRS Code. (3) All requests for distributions shall be made on a pro- pro-rata basis among the applicable funds unless directed otherwise by the Participant.

Required Distribution Default Provisions. (1) Unless otherwise elected by the Participant (or spouse, if applicable) by the time distributions are required to begin, life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or spouse) and shall apply to all subsequent years. The life expectancy of a non-spouse nonspouse beneficiary may not be recalculated. (2) If the Participant does not choose any of the distribution methods under this Section 5.6 section 6.1 by such Participant’s 's Required Beginning Date (defined in Section 5.3(b))Date, distributions distribution shall be made to the Participant based on such Participant’s non-recalculated 's nonrecalculated Single Life Expectancy according to the IRS Codeexpectancy. (3) All requests for distributions shall be made on a pro- pro-rata basis among the applicable funds Funds unless directed otherwise by the Participant.

Required Distribution Default Provisions. (1) Unless otherwise elected by the Participant (or spouse, if applicable) by the time distributions are required to begin, life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or spouse) and shall apply to all subsequent years. The life expectancy of a non-spouse nonspouse beneficiary may not be recalculated. (2) If the Participant does not choose any of the distribution methods under this Section 5.6 section 5.7 by such Participant’s 's Required Beginning Date (defined in Section 5.3(b))Date, distributions distribution shall be made to the Participant based on such Participant’s non-recalculated 's nonrecalculated Single Life Expectancy according to the IRS Codeexpectancy. (3) All requests for distributions shall be made on a pro- pro-rata basis among the applicable funds Funds unless directed otherwise by the Participant.