Common use of Year Rule to Elect Life Expectancy Distributions Clause in Contracts

Year Rule to Elect Life Expectancy Distributions. designated beneficiary who is receiving payments under the 5-year rule may make a new election to receive payments under the life expectancy rule until December 31, 2003, provided that all amounts that would have been required to be distributed under the life expectancy rule for all distribution calendar years before 2004 are distributed by the earlier of December 31, 2003, or the end of the 5-year period.

Appears in 3 contracts

Samples: Adoption Agreement (LSB Bancshares Inc /Nc/), 401(k) Plan Adoption Agreement (Americas Carmart Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc)

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Year Rule to Elect Life Expectancy Distributions. designated beneficiary A Designated Beneficiary who is receiving payments under the 5-year Year rule may make a new election to receive payments under the life expectancy Life Expectancy rule until December 31, 2003, provided that all amounts that would have been required to be distributed under the life expectancy Life Expectancy rule for all distribution calendar years Distribution Calendar Years before 2004 are distributed by the earlier of December 31, 2003, 2003 or the end of the 5-year Year period.

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Littelfuse Inc /De), 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)

Year Rule to Elect Life Expectancy Distributions. A designated beneficiary Beneficiary who is receiving payments under the 5-year rule may make a new election to receive payments under the life expectancy rule until December 31, 2003, provided that all amounts that would have been required to be distributed under the life expectancy rule for all distribution calendar years before 2004 are distributed by the earlier of December 31, 2003, 2003 or the end of the 5-year period.

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Adoption Agreement (Atlas America Inc)

Year Rule to Elect Life Expectancy Distributions. A “designated beneficiary beneficiary” who is receiving payments under the 5-year rule may make a new election to receive payments under the life expectancy expectancy” rule until December 31, 2003, provided that all amounts that would have been required to be distributed under the life expectancy expectancy” rule for all distribution calendar years years” before 2004 are distributed by the earlier of December 31, 2003, 2003 or the end of the 5-year period.

Appears in 1 contract

Samples: Trust Agreement (Nordson Corp)

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Year Rule to Elect Life Expectancy Distributions. o A designated beneficiary who is receiving payments payment under the 5-year rule may make a new election to receive payments under the life expectancy rule until December 31, 2003, provided that all amounts that would have been required to be distributed under the life expectancy rule for all distribution calendar years before 2004 are distributed by the earlier of December 31, 2003, or the end of the 5-year period.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Allegiant Travel CO)

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