Minimum Distribution definition

Minimum Distribution means an amount equal to two million dollars for the first distribution and after that adjusted annually on a cumulative basis by a percentage equal to the increase in revenues credited to the Education Improvement Act Fund for the most recently completed fiscal year over the revenues credited to that fund in the preceding fiscal year.

Minimum Distribution. As defined in Section 6.01(a).

Minimum Distribution. With respect to any Agency Security for any month following the date of determination, the amount of the scheduled Agency Security Distributions on such Agency Security due in such month, determined in accordance with Section 1.02.

Examples of Minimum Distribution in a sentence

• If the Depositor does not request an age 70½ distribution from the custodial account by timely instruction, or does not specify a method of calculating the amount of the age 70½ distribution which the Depositor will be taking from another IRA(s), no distribution will be made; however calculation of the current year Required Minimum Distribution amount which cannot be rolled over to another IRA will be made in accordance with Article IV, paragraph 2, option (b).

• The Company reserves the right to modify or eliminate the Withdrawals to Satisfy Required Minimum Distribution (“RMD”) provision if there is any change to the Internal Revenue Code or IRS rules relating to required minimum distributions, including the issuance of relevant IRS guidance.

• I will be responsible for calculating my required minimum amount every year and completing this Withdrawal Form to request payment.● If I would prefer to have my required minimum amount automatically calculated and sent to me each year, I must request an Automated Minimum Distribution Request form.

• Once the Automated Minimum Distribution Request form is completed and received by Service Provider, I will receive my required amount without additional paperwork.

• The Beneficiary Continuation Option is designed to pay out at least annually the post-death Required Minimum Distribution payment calculated for a Continuation Beneficiary’s portion of the entire interest in this Contract.

More Definitions of Minimum Distribution

Minimum Distribution means $0.4625 per Subordinated Unit per Quarter, subject to proportional adjustment in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10 of the Partnership Agreement.

Minimum Distribution shall have the meaning specified in Section 5.02(b) hereof.

Minimum Distribution. With respect to any Certificate on any Special Redemption Determination Date, the amount of the Scheduled Distributions on such Certificate due in the month following the month in which such Special Redemption Determination Date occurs, determined in accordance with Section 1.02.

Minimum Distribution for the period from the date hereof until December 31, 2005 means the greater of (i) 80% of the Adjusted Base Amount for the such period, and (ii) $1,100,000 and for each Fiscal Year beginning on or after January 1, 2006 means the greater of (i) 80% of the Adjusted Base Amount for the respective year, and (ii) $1,200,000.

Minimum Distribution means a distribution made to a Member pursuant to Section 8.1 of this Agreement in an amount equal to the product obtained by multiplying the Taxable Income allocated to such Member for the applicable Fiscal Year for which a Minimum Distribution is being made by the Assumed Tax Rate.

Minimum Distribution means fourteen million dollars ($14,000,000).

Minimum Distribution means the aggregate amount of distributions (including any interimdistributions, if such are approved at any point in time during agiven accounting year) approved with respect to any given year