Common use of Required Start of Withdrawals Clause in Contracts

Required Start of Withdrawals. An Employee must begin taking minimum withdrawals from the Account. as described in Section 5.3(b), no later than the April 1 of the year following the year in which the Employee reaches age 70½, or the April 1 following the Employee's retirement or termination of employment from the Employer, if later (the “required beginning date”).

Required Start of Withdrawals. An Employee must begin taking minimum withdrawals from the Account. as described in Section 5.3(b), no later than the April 1 of the year following the year in which the Employee reaches age 70½72 (or age 70½ if Employee attained 70 ½ prior to January 1, 2020), or the April 1 following the Employee's retirement or termination of employment from the Employer, if later (the “required beginning date”).

Required Start of Withdrawals. An Employee must begin taking minimum withdrawals from the Account. as described in Section 5.3(b), no later than the April 1 of the year following the year in which the Employee reaches age 70½72, or the April 1 following the Employee's retirement or termination of employment from the Employer, if later (the “required beginning date”).