Eligible Designated Beneficiary definition

Eligible Designated Beneficiary means, with respect to an Owner, any Beneficiary who is one of the following:

Eligible Designated Beneficiary. An eligible designated beneficiary includes a surviving spouse, a disabled individual, a chronically ill individual, a minor child, or an individual who is not more than 10 years younger than the account owner. Certain trusts created for the exclusive benefit of disabled or chronically ill beneficiaries are included. Other factors that impact the beneficiary(ies) distribution requirements include your relationship to the Beneficiary (i.e., spouse, nonspouse, or other), whether you died before or after RMDs were required to begin, and if the Xxxx XXX has a “designated beneficiary” as defined under federal regulations.

Eligible Designated Beneficiary means a Designated Beneficiary of a Participant who is (1) the Participant’s surviving spouse, (2) the Participant’s child who has not reached the age of Majority, (3) disabled within the meaning of Code §72(m)(7), (4) chronically ill within the meaning of Code §7702B(c)(2), provided the requirements of subsection 7702B(c)(2)(A)(i) shall be treated as met if a certification is provided that, as of such date, the period of inability described in such subsection is an indefinite one which is reasonably expected to be lengthy in nature, or (5) any other individual who is not described in (1) through (4) of this Section 3.7(d) and is not more than 10 years younger than the Participant. Whether a Designated Beneficiary is an Eligible Designated Beneficiary shall be determined as of the date of the Participant’s death. Certain trusts (or parts of certain trusts) may be treated as Eligible Designated Beneficiaries pursuant to Code §401(a)(9)(H)(iv) and (v).

Examples of Eligible Designated Beneficiary in a sentence

• If a Designated Beneficiary who is not an Eligible Designated Beneficiary dies before the portion of your interest to which this paragraph (a) applies is entirely distributed, the remainder of such portion shall be distributed within the original 10-year period that commenced with your death.

• Subject to the exception for an Eligible Designated Beneficiary in paragraph (a)(2), the entire interest will be distributed as permitted by us and applicable federal tax law within ten years after your death.

• If you are a Designated Beneficiary who is not an Eligible Designated Beneficiary and die before the portion of the interest to which this Subsection B applies is entirely distributed, the remainder of such portion shall be distributed within the original ten-year period that commenced with the Deceased Owner’s or Deceased Participant’s death, as applicable.

• The test plan should detail how you are going to test your equipment to show the CanSat will meet your objectives given in Part 1.

• Eligible Designated Beneficiary Eligible designated beneficiary status is determined on the date of your death.

More Definitions of Eligible Designated Beneficiary

Eligible Designated Beneficiary means, with respect to any employee, any designated beneficiary who is—

Eligible Designated Beneficiary. An eligible designated beneficiary includes a surviving spouse, a disabled individual, a chronically ill individual, a minor child, or an individual who is not more than 10 years younger than the account owner. Other factors that impact the beneficiar(ies) distribution requirements include your relationship to the Beneficiary (i.e., spouse, non-spouse, or other), whether you died before or after RMDs were required to begin, and if the IRA has a “designated beneficiary” as defined under federal regulations.

Eligible Designated Beneficiary means a Designated Beneficiary who meets the additional criteria under Code Section 401(a)(9)(E)(ii).

Eligible Designated Beneficiary means a surviving spouse, minor child of the Original IRA Owner, a disabled or chronically ill beneficiary, and beneficiaries who are less than 10 years younger than the Original IRA Owner.

Eligible Designated Beneficiary means an individual who is a Designated Beneficiary and is the Participant’s spouse, the Participant’s minor child, a chronically ill or disabled individual, or an individual who is not more than ten years younger the Participant.

Eligible Designated Beneficiary means a Beneficiary who is (i) the surviving spouse of the Participant; (ii) a child of the Participant who has not reached majority; (iii) a disabled individual within the meaning of Code section 72(m)(7); (iv) a chronically ill individual as defined in Code section401(a)(9)(E)(ii)(IV); and (v) any other individual who is not more than ten years younger than the Participant.

Eligible Designated Beneficiary means a Beneficiary who, within the meaning of Section 401(a)(9)(E)(ii) of the Code, is a surviving spouse, a “disabled“ or “chronically ill“ individual,