Common use of Required Minimum Distributions During Members Lifetime Clause in Contracts

Required Minimum Distributions During Members Lifetime. (i) During the Member’s lifetime, the minimum amount that will be distributed for each Distribution Calendar Year is the lesser of: (A) the quotient obtained by dividing the Member’s Account balance by the distribution period in the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury Regulations, using the Member’s age as of the Member’s birthday in the Distribution Calendar Year; or (B) if the Member’s sole Designated Beneficiary for the Distribution Calendar Year is the Member’s Spouse, the quotient obtained by dividing the Member’s Account balance by the number in the Joint and Last Survivor Table set forth in section 1.401(a)(9)-9 of the Treasury Regulations, using the Member’s and Xxxxxx’s attained ages as of the Member’s and Xxxxxx’s birthdays in the Distribution Calendar Year. (ii) Required minimum distributions will be determined under this Section 6.6(2)(d) beginning with the first Distribution Calendar Year and up to and including the Distribution Calendar Year that includes the Member’s date of death.

Required Minimum Distributions During Members Lifetime. (ia) During the Member’s lifetime, the minimum amount that will be distributed for each Distribution Calendar Year is the lesser of: (A1) the quotient obtained by dividing the Member’s Account balance Balance by the distribution period in the Uniform Lifetime Table set forth in section Section 1.401(a)(9)-9 of the Treasury Regulations, using the Member’s age as of the Member’s birthday in the Distribution Calendar Year; or (B2) if the Member’s sole Designated Beneficiary for the Distribution Calendar Year is the Member’s Spousespouse, the quotient obtained by dividing the Member’s Account balance Balance by the number in the Joint and Last Survivor Table set forth in section Section 1.401(a)(9)-9 of the Treasury Regulations, using the Member’s and Xxxxxxspouse’s attained ages as of the Member’s and Xxxxxxspouse’s birthdays in the Distribution Calendar Year. (iib) Required minimum distributions will be determined under this Section 6.6(2)(d) 25.3 beginning with the first Distribution Calendar Year and up to and including the Distribution Calendar Year that includes the Member’s date of death.