No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.
No Designated Beneficiary. If the Participant dies on or after the date required distributions begin and there is no Designated Beneficiary as of the Participant’s death who remains a Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated under the Single Life Table, using the age of the Participant in the year of death, reduced by one (1) for each subsequent year.
No Designated Beneficiary. If there is no Designated Beneficiary as of September 30 of the year following the calendar year of the Participant's death, the Beneficiary's entire interest will be distributed under the 5-Year Rule.
No Designated Beneficiary. If all Designated Beneficiaries predecease the Executive, or, in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be the Executive’s beneficiary or beneficiaries:
i) Executive’s spouse, if living; or if none
ii) Executive’s then living descendants, per stirpes; or if none
iii) Executive’s estate.
No Designated Beneficiary. If there is no Designated Beneficiary as of September 30 of the year after the year of the Participant's death, the RMD for each DCY after the year of the Participant's death is the quotient obtained by dividing the Participant's RMD Account Balance by the Participant's remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.
No Designated Beneficiary. (a) If the Participant dies on or after his/her Required Beginning Date and if distribution of his/her interest has commenced in accordance with option B in paragraph 4.1, and no Beneficiary has been designated or the designated Beneficiary and all secondary Beneficiaries have either predeceased the Participant or cannot after diligent effort, be found, the remaining portion of such interest, at the election of the recipient in accordance with procedures established by the Custodian, may be distributed --
(i) in an immediate single sum payment, or
(ii) in installments paid at least as rapidly as under the method of distribution being used as of the date of the Participant's death; provided that the entire remaining interest must be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant's death.
(b) If the Participant dies before reaching his/her Required Beginning Date and no Beneficiary has been designated, or the designated Beneficiary and all secondary Beneficiaries have predeceased the Participant or cannot, after diligent effort, be found, the entire interest of the Participant shall be distributed not later than December 31 of the calendar year containing the fifth anniversary of the Participants death. In accordance with procedures established by the Custodian, the recipient of the distribution may elect to receive the distribution --
(i) in a single sum payment, or
(ii) in installment payments for a period not extending beyond December 31 of the calendar year containing the fifth anniversary of the Participant's death.
No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant's death, the minimum amount that shall be distributed for each distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the Participant's Account balance by the Participant's remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.
No Designated Beneficiary. If there is no designated beneficiary, or if applicable by operation of paragraph (d)(2)(A)(i) or (d)(2)(A)(ii) above, the remaining interest will be distributed over the individual’s remaining life expectancy determined in the year of the individual’s death.
No Designated Beneficiary. If there is no designated beneficiary, or if applicable by operation of paragraph (d)(2)(B)(i) or (d)(2)(B)(ii) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the individual’s death (or of the spouse’s death in the case of the surviving spouse’s death before distributions are required to begin under paragraph (d)(2)(B)(ii) above).
No Designated Beneficiary. If you do not have a Designated Beneficiary of your IRA, the entire IRA must be distributed by the end of the fifth calendar year after the year of your death. Under this rule, no distribution is required until that fifth year.
