Distribution Requirements definition

Distribution Requirements. If a death benefit becomes payable before the annuity start date, the proceeds must be taken in a lump sum unless we consent to another arrangement within 90 days of receiving due proof of death. In all events, distributions will be made from the contract in accordance with Section 72(s) of the Internal Revenue Code of 1986, as amended. Thus, notwithstanding any other provision of this contract, if any Owner dies before the annuity start date, the proceeds must be distributed to the Beneficiary within five years after the date of such death or distributed over the life (or a period not exceeding life expectancy) of the Beneficiary provided that such distributions begin within one year of such Owner's death. However, if the sole beneficiary is the surviving spouse of the deceased Owner, the contract may be continued (in lieu of paying any death benefit) with the surviving spouse as the sole Owner. If an Owner is a non-natural person, then each Annuitant will be treated as an Owner for purposes of these distribution requirements and any change in or the death of any Annuitant will be treated as the death of the Owner for purposes of these distribution requirements. Moreover, if an Annuitant is also an Owner, then the death of such Annuitant will also be treated as the death of an Owner for purposes of these distribution requirements. AFTER ANNUITY START DATE If any Owner dies on or after the annuity start date, any remaining payments must be distributed at least as rapidly as under the annuity option in effect on the date of such death. If an Annuitant dies on or after the annuity start date, we will pay any remaining guaranteed payments to the beneficiary as provided by the annuity option selected. If an Owner who is not an Annuitant dies while an Annuitant is still living, we will continue to pay the income payments for the lifetime of the Annuitant in the same manner as before the Owner's death. PREMIUM PROVISIONS PAYMENT OF PREMIUMS Premiums are payable at our home office. The initial premium is shown on the Contract Specifications page and is due on the issue date. Subsequent premiums are flexible and may be paid at any time before the annuity start date. Each premium must be at least equal to the minimum subsequent premium payment shown on the Contract Specifications page. The sum of all premiums paid to us may not exceed the cumulative premium limit shown on the Contract Specifications page without our prior approval. The Internal Revenue Code may als...

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Distribution Requirements means, as applied to a member of the Universal Music Group, (i) all requirements by the member of the Universal Music Group for DOAs for its own account with respect to Universal Product to be sold by a member of the Universal Music Group and distributed from a location within the United States, and (ii) any requirements for DOAs for a third party’s account for CDs, HDFDs or VRs to be sold and distributed from a location within the United States for as long as a Universal Music Group member has the unilateral contractual right to provide or control the provision of the DOAs to such third party, provided that such Universal Music Group member had such unilateral right as of the Effective Date (it being understood that if the third-party contract requires that the DOA must go to the provider of manufacturing services for such third party, a Universal Music Group member does not unilaterally control the identity of the DOA provider).

Distribution Requirements means the Initial Distribution Requirements or the Subsequent Distribution Requirements, as applicable;

Examples of Distribution Requirements in a sentence

• Subject to any tax qualification requirements under the Internal Revenue Code, Our then policies and procedures, and subject to the paragraph entitled "Distribution Requirements" of this contract, a Beneficiary may designate another individual or entity to receive, upon the death of the Beneficiary, any remaining interest of the Beneficiary in the contract.

• Litigation Entitlements shall be distributed to Admitted Group Creditors in accordance with Clause 12 (Post-Restructuring Litigation Recoveries), subject to such Admitted Group Creditor first complying with the Initial Distribution Requirements or the Subsequent Distribution Requirements (as applicable).

• Beneficiaries of nonqualified contracts may elect this settlement option subject to the Distribution Requirements section of the contract.

• This coursework is often referred to as the General Education Curriculum or Distribution Requirements.

• The Death Benefit may be taken in one sum or under any of the settlement options then being offered by Us subject, however, to the Distribution Requirements below.

• In order to receive an increase, faculty must meet Yearly Distribution Requirements for each step between merit points on the salary schedule and may not be on a performance improvement plan.

• After determination of the value of the Inactive Participant's Account, the vested portion of the Inactive Participant's Account shall be paid to him in accordance with the Annuity Requirements Section and Distribution Requirements Section.

• This additional license right is conditioned upon your compliance with the distribution requirements and license restrictions described in Section 2.3 (Distribution Requirements).

• You may also reproduce and distribute the Sample Code in object code form along with any modifications you make to the Sample Code, provided that you comply with the Distribution Requirements described below.

• Subject to the rules in this section 9, section 10, Joint and Survivor Annuity Requirements, and section 11, Minimum Distribution Requirements, the nonforfeitable portion of a Participant's Account may be paid to the Participant before he or she separates from service with the Employer and all Affiliates if so specified in the Adoption Agreement or by the Board in accordance with section 9.2(b)(2) or section 9.2(e).

More Definitions of Distribution Requirements

Distribution Requirements means that, immediately prior to each and every permitted Distribution of the Company or the Guarantor, as the case may be, the Guarantor or the Company shall make a payment to the Trustee in an amount equal to such Distribution amount multiplied by 0.17857 times to be applied by the Trustee, on a pro rata basis to the Holders of the Outstanding Securities, for application to the outstanding principal amount of the Outstanding Securities. For purposes of this definition, (a) any payment to the Holders of the Outstanding Securities in satisfaction of the Distribution Requirements shall be deemed made as of the date the same is applied to effectuate a redemption of all or a portion of the Securities with the proceeds thereof in accordance with the terms of Article XI, and (b) any Distribution payable with respect to Equity Interests of the Guarantor may be paid or distributed by the Guarantor to the holders of such Equity Interests upon application of the payment described above to such redemption.

Distribution Requirements means, as applied to a member of the Universal Music Group, all requirements by the member of the Universal Music Group for DOAs for its own account or for a third party’s account (for so long as the Universal Music Group member has the contractual right to order such third party requirements from Supplier, and such right exists as of the Effective Date) with respect to all Products (a) manufactured or procured by Supplier under the International Manufacturing Agreement, except for (i) Special Projects, and (ii) Direct Distributions; or (b) procured by Customer or Supplier for stock at the Distribution Center. In addition, if the procurement service under Section 7.7 of the International Manufacturing Agreement is terminated by Customer, Customer’s subsequent orders for such Other Existing Formats within the Territory shall be included in the Distribution Requirements.

Distribution Requirements is amended as follows:

Distribution Requirements. Course requirements included in an instructional program to make sure that the student is well-rounded and gains some perspective outside his or her specific focus or major. DIVISION: An organizational unit within the college or university consisting of two or more related departments.

Distribution Requirements has the meaning set forth in Section 3.1(c).