Common use of Required Distributions On Or After The Required Beginning Date Clause in Contracts

Required Distributions On Or After The Required Beginning Date. (a) If a Participant's benefit is to be distributed over (i) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Beneficiary or (ii) a period not extending beyond the life expectancy of the Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum obtained by dividing the Participant's benefit by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 1988, if the Participant's Spouse is not the designated Beneficiary, the method of distribution selected must assure that at least 50% of the Present Value of the amount available for the distribution is paid within the life expectancy of the Participant. (c) For calendar years beginning after December 31, 1989, the amount to be distributed each year beginning with distributions for the First Distribution Calendar Year, shall not be less than the quotient obtained by dividing the Participant's Benefit by the lesser of (i) the Applicable Life Expectancy or (ii) if the Participant's Spouse is not the Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-2. (d) The minimum distribution required for the Participant's First Distribution Calendar Year must be made on or before the Participant's Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's Benefit is distributed in the form of an annuity, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations thereunder. (f) Distributions made to a Participant and the Participant's Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (h) For purposes of paragraph 7.4(g), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (a) If a Participantparticipant's benefit is to be distributed over (i1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Designated Beneficiary or (ii2) a period not extending beyond the life expectancy of the Designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum quotient obtained by dividing the Participant's benefit by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 19881989, if the Participant's Spouse is not the designated Designated Beneficiary, the method of distribution selected must assure have assured that at least 50% of the Present Value of the amount available for the distribution is was to be paid within the life expectancy of the Participant. (c) For calendar years beginning after December 31, 19891988, the amount to be distributed each year year, beginning with distributions for the First Distribution Calendar Year, Year shall not be less than the quotient obtained by dividing the Participant's Benefit benefit by the lesser of (i1) the Applicable Life Expectancy or (ii2) if the Participant's Spouse is not the Designated Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-2. (d) The minimum distribution required for the Participant's First Distribution Calendar Year must be made on or before the Participant's Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's Benefit benefit is distributed in the form of an annuityannuity purchased from an insurance company, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations thereunder. (f) Distributions made to a Participant and the Participant's Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date valuation preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date valuation date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (hg) For purposes of paragraph 7.4(gsubparagraph 7.4(f), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (a) If a Participantparticipant's benefit is to be distributed over (i1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Designated Beneficiary or (ii2) a period not extending beyond the life expectancy of the Designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum quotient obtained by dividing the Participant's benefit by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 19881989, if the Participant's Spouse is not the designated Designated Beneficiary, the method of distribution selected must assure have assured that at least 50% of the Present Value of the amount available for the distribution is was to be paid within the life expectancy of the Participant. (c) For calendar years beginning after December 31, 19891988, the amount to be distributed each year year, beginning with distributions for the First Distribution Calendar Year, Year shall not be less than the quotient obtained by dividing the Participant's Benefit benefit by the lesser of (i1) the Applicable Life Expectancy or (ii2) if the Participant's Spouse is not the Designated Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-2. (d) The minimum distribution required for the Participant's First Distribution Calendar Year must be made on or before the Participant's Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's Benefit is distributed in the form of an annuity, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations thereunder. (f) Distributions made to a Participant and the Participant's Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (h) For purposes of paragraph 7.4(g1.401(a), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (a) If a Participantparticipant's benefit is to be distributed over (i1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Designated Beneficiary or (ii2) a period not extending beyond the life expectancy of the Designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum quotient obtained by dividing the Participant's benefit by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 19881989, if the Participant's Spouse is not the designated Designated Beneficiary, the method of distribution selected must assure have assured that at least 50% of the Present Value of the amount available for the distribution is was to be paid within the life expectancy of the Participant. (c) For calendar years beginning after December 31, 19891988, the amount to be distributed each year year, beginning with distributions for the First Distribution Calendar Year, Year shall not be less than the quotient obtained by dividing the Participant's Benefit benefit by the lesser of (i1) the Applicable Life Expectancy or (ii2) if the Participant's Spouse is not the Designated Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-2. (d) The minimum distribution required for the Participant's First Distribution Calendar Year must be made on or before the Participant's Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's Benefit benefit is distributed in the form of an annuityannuity purchased from an insurance company, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations regulations thereunder. (f) Distributions made to a Participant and the Participant's Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date valuation preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date valuation date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (hg) For purposes of paragraph 7.4(gsubparagraph 7.4(f), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (a) If a Participantparticipant's benefit account balance is to be distributed over (i1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Designated Beneficiary or (ii2) a period not extending beyond the life expectancy of the Designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum quotient obtained by dividing the Participant's benefit account balance by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 19881989, if the Participant's Spouse is not the designated Designated Beneficiary, the method of distribution selected must assure have required that at least 50% of the Present Value of the amount available for the distribution is was to be paid within the life expectancy of the Participant. (c) For calendar years beginning after December 31, 19891988, the amount to be distributed each year year, beginning with distributions for the First Distribution Calendar Year, Year shall not be less than the quotient obtained by dividing the Participant's Benefit benefit by the lesser of (i1) the Applicable Life Expectancy or (ii2) if the Participant's Spouse is not the Designated Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-21.401(a)(9)-2 of the Income Tax Regulations. Distributions after the death of the Participant shall be distributed 51 using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-21.401 (a)(9)-2. (d) The minimum distribution required for the Participant's First Distribution Calendar Year must be made on or before the Participant's Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's Benefit benefit is distributed in the form of an annuityannuity purchased from an insurance company, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations thereunder. (f) Distributions made to a Participant and the Participant's Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date valuation preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date valuation date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (hg) For purposes of paragraph 7.4(gsubparagraph 7.4(f), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (aA) If a Participant's benefit is to be distributed over (i1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Designated Beneficiary or (ii2) a period not extending beyond the life expectancy of the Designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum quotient obtained by dividing the Participant's benefit by the Applicable Life Expectancy. (bB) For calendar years beginning before January 1, 19881989, if the Participant's Spouse is not the designated Designated Beneficiary, the method of distribution selected must assure have assured that at least 50% of the Present Value of the amount available for the distribution is was to be paid within the life expectancy of the Participant. (cC) For calendar years beginning after December 31, 19891988, the amount to be distributed each year year, beginning with distributions for the First Distribution Calendar Year, shall not be less than the quotient obtained by dividing the Participant's Benefit benefit by the lesser of (i1) the Applicable Life Expectancy or (ii2) if the Participant's Spouse is not the Designated Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor divisor, without regard to Regulations Section 1.401(a)(9)-2. (dD) The minimum distribution required for the Participant's First Distribution Calendar Year must be he made on or before the Participant's Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (eE) If the Participant's Benefit benefit is distributed in the form of an annuityannuity purchased from an insurance company, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations thereunder. (f) Distributions made to a Participant and the Participant's Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (gF) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date valuation preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Yearcalendar year. (hG) For purposes of paragraph 7.4(gsubparagraph 7.4(f), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (a) If a Participant's ’s benefit is to be distributed over (i) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's ’s Beneficiary or (ii) a period not extending beyond the life expectancy of the Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum obtained by dividing the Participant's ’s benefit by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 1988, if the Participant's ’s Spouse is not the designated Beneficiary, the method of distribution selected must assure that at least 50% of the Present Value of the amount available for the distribution is paid within the life expectancy of the Participant. . (c) For calendar years beginning after December 31, 1989, the amount to be distributed each year beginning with distributions for the First Distribution Calendar Year, shall not be less than the quotient obtained by dividing the Participant's ’s Benefit by the lesser of (i) the Applicable Life Expectancy or (ii) if the Participant's ’s Spouse is not the Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-21.401(a)(9) -2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-21.401(a)(9) -2. (d) The minimum distribution required for the Participant's ’s First Distribution Calendar Year must be made on or before the Participant's ’s Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's ’s Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's ’s Benefit is distributed in the form of an annuity, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations thereunder. . (f) Distributions made to a Participant and the Participant's ’s Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (h) For purposes of paragraph 7.4(g), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (a) If a Participantparticipant's benefit is to be distributed over (i1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Designated Beneficiary or (ii2) a period not extending beyond the life expectancy of the Designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum quotient obtained by dividing the Participant's benefit by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 19881989, if the Participant's Spouse is not the designated Designated Beneficiary, the method of distribution selected must assure have assured that at least 50% of the Present Value of the amount available for the distribution is was to be paid within the life expectancy of the Participant. (c) For calendar years beginning after December 31, 19891988, the amount to be distributed each year year, beginning with distributions for the First Distribution Calendar Year, Year shall not be less than the quotient obtained by dividing the Participant's Benefit benefit by the lesser of (i1) the Applicable Life Expectancy or (ii2) if the Participant's Spouse is not the Designated Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-2. (d) The minimum distribution required for the Participant's First Distribution Calendar Year must be made on or before the Participant's Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's Benefit benefit is distributed in the form of an annuityannuity purchased from an insurance company, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations thereunder. (f) Distributions made to a Participant and the Participant's Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date valuation preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date valuation date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (hg) For purposes of paragraph 7.4(gsubparagraph 7.4(f), if any portion of the minimum distribution for the First Distribution Calendar Year year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (a) If a Participantparticipant's benefit is to be distributed over (i1) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's Designated Beneficiary or (ii2) a period not extending beyond the life expectancy of the Designated Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum quotient obtained by dividing the Participant's benefit by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 19881989, if the Participant's Spouse is not the designated Designated Beneficiary, the method of distribution selected must assure have assured that at least 50% of the Present Value of the amount available for the distribution is was to be paid within the life expectancy of the Participant. (c) For calendar years beginning after December 31, 19891988, the amount to be distributed each year year, beginning with distributions for the First Distribution Calendar Year, Year shall not be less than the quotient obtained by dividing the Participant's Benefit benefit by the lesser of (i1) the Applicable Life Expectancy or (ii2) if the Participant's Spouse is not the Designated Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-242 1. 401(a)(9)-2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-2. (d) The minimum distribution required for the Participant's First Distribution Calendar Year must be made on or before the Participant's Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's Benefit benefit is distributed in the form of an annuityannuity purchased from an insurance company, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations regulations thereunder. (f) Distributions made to a Participant and the Participant's Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date valuation preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date valuation date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (hg) For purposes of paragraph 7.4(gsubparagraph 7.4(f), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.

Required Distributions On Or After The Required Beginning Date. (a) If a Participant's ’s benefit is to be distributed over (i) a period not extending beyond the life expectancy of the Participant or the joint life and last survivor expectancy of the Participant and the Participant's ’s Beneficiary or (ii) a period not extending beyond the life expectancy of the Beneficiary, the amount required to be distributed for each calendar year, beginning with distributions for the First Distribution Calendar Year, must at least equal the sum obtained by dividing the Participant's ’s benefit by the Applicable Life Expectancy. (b) For calendar years beginning before January 1, 1988, if the Participant's ’s Spouse is not the designated Beneficiary, the method of distribution selected must assure that at least 50% of the Present Value of the amount available for the distribution is paid within the life expectancy of the Participant. (c) For calendar years beginning after December 31, 1989, the amount to be distributed each year beginning with distributions for the First Distribution Calendar Year, shall not be less than the quotient obtained by dividing the Participant's ’s Benefit by the lesser of (i) the Applicable Life Expectancy or (ii) if the Participant's ’s Spouse is not the Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Regulations Section 1.401(a)(9)-2. Distributions after the death of the Participant shall be distributed using the Applicable Life Expectancy as the relevant divisor without regard to Regulations Section 1.401(a)(9)-2. (d) The minimum distribution required for the Participant's ’s First Distribution Calendar Year must be made on or before the Participant's ’s Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the Distribution Calendar Year in which the Participant's ’s Required Beginning Date occurs, must be made on or before December 31 of that Distribution Calendar Year. (e) If the Participant's ’s Benefit is distributed in the form of an annuity, distributions thereunder shall be made in accordance with the requirements of Code Section 401(a)(9) and the Regulations thereunder. (f) Distributions made to a Participant and the Participant's ’s Beneficiary shall be made in accordance with the incidental death benefit requirements of Code Section 401(a)(9) and the Regulations issued thereunder. (g) For purposes of determining the amount of the required distribution for each Distribution Calendar Year, the account balance to be used is the account balance determined as of the last Valuation Date preceding the Distribution Calendar Year. This balance will be increased by the amount of any contributions or forfeitures allocated to the account balance after the Valuation Date in such preceding calendar year. Such balance will also be decreased by distributions made after the Valuation Date in such preceding Calendar Year. (h) For purposes of paragraph 7.4(g), if any portion of the minimum distribution for the First Distribution Calendar Year is made in the second Distribution Calendar Year on or before the Required Beginning Date, the amount of the minimum distribution made in the second Distribution Calendar Year shall be treated as if it had been made in the immediately preceding Distribution Calendar Year.