Examples of Applicable Distribution Period in a sentence
Applicable Distribution Period - The period used to determine the amount required to be distributed as an RMD during a Distribution Year.
However, if the Owner dies on or after the Required Beginning Date, such Applicable Distribution Period shall not be shorter than the Applicable Distribution Period measured by using the Owner’s remaining Life Expectancy in accordance with paragraph 9(b) above and Reg.
Applicable Distribution Period — The period used to determine the amount required to be distributed as an RMD during a Distribution Year.
Measuring Designated Beneficiary - The Designated Beneficiary as of the Required Beginning Date, Spouse's Required Beginning Date or Applicable Designation Date (whichever is applicable), whose Life Expectancy is used to determine the Applicable Distribution Period as of such date.
In that case, the RMD amount that must be distributed each Distribution Year with respect to the Contract shall be equal to the quotient obtained by dividing the account balance for the Contract (as determined in accordance with subparagraph 8(b)(i) above) by the Applicable Distribution Period.