Required Commencement Date means the date that the deferred compensation plan must begin to distribute all or part of an account to a surviving beneficiary.
Required Commencement Date means the April 1 of the calendar year next following the later of the calendar year in which the Participant attains age seventy and one-half (70-1/2) or the calendar year in which his or her Separation Date occurs; provided, however, that the Required Commencement Date of a Participant who is a five percent (5%) owner (as defined in Code Section 416) of an Employer or a Controlled Group Member with respect to the Plan Year ending in the calendar year in which he or she attains age seventy and one-half (70-1/2) shall be April 1 of the next following calendar year.
Required Commencement Date means, with respect to any Participant, a date determined by the Committee for administrative reasons to be the date as of which the Participant’s vested benefit under the Plan (if any such benefit would then exist and not yet have begun to be paid) is to be paid in order to meet the requirements of Section 401(a)(9) of the Code (or, for any Participant who attained age 70-1/2 prior to January 1, 1999, in order to meet the requirements of Code Section 401(a)(9) as in effect before the effect of the Small Business Job Protection Act of 1996 is taken into account), which date shall be subject to the parameters described in the following paragraphs of this Subsection 2.1.28. The provisions of this Subsection 2.1.28 shall not only be effective as of the Effective Amendment Date but shall also, for each Prior Plan that was in effect on January 1, 2003, be effective as of January 1, 2003 with respect to any Plan Year beginning on or after that date.
Examples of Required Commencement Date in a sentence
Unless the Participant’s interest is distributed in a single sum on or before the Required Commencement Date, distributions will be made as of the first Distribution Calendar Year in accordance with Subparagraphs (b) and (c) below.
For purposes of this Subparagraph (a) and Subparagraph (c), unless Subparagraph (a)(iv) applies, distributions will be considered to have begun on the Participant’s Required Commencement Date.
Distribution of a Participant’s benefits shall be made or commence by his or her Required Commencement Date.
Distributions to a Participant after his or her Required Commencement Date shall be made in installment payments equal to the minimum amount necessary to meet the requirements of Section 401(a)(9) of the Code.
The Participant’s Accounts will be distributed, or begin to be distributed, to the Participant no later than the Participant’s Required Commencement Date.
More Definitions of Required Commencement Date
Required Commencement Date has the meaning set forth in Section 2(d)(i).
Required Commencement Date means “means April 1 of the calendar year next following the later of (a) the calendar year in which the Member attains age 70-1/2 or (b) the calendar year in which the Member’s Termination from Service occurs; provided, however, that the Required Commencement Date of a Member who is a 5-percent owner (as defined in Section 416 of the Code) of a Sponsoring Company or an Affiliated Company in the calendar year in which the Member attains age 70-1/2 shall be April 1 of the calendar year next following the calendar year in which the Member attains age 70-1/2.
Required Commencement Date shall have the meaning set forth in Section 5.6.
Required Commencement Date means date which is the later of (i) January 1, 2015, or
Required Commencement Date has the meaning set forth in Section 2.1 of this Agreement.
Required Commencement Date means, with respect to any Participant, a date determined by the Committee for administrative reasons to be the date on which the Participant's nonforfeitable retirement benefit (if any such benefit would then exist and not yet have begun) is to commence in order to meet the requirements of Section 401(a)(9) of the Code as such requirements are in effect in the first calendar year that the Participant reaches an age which requires the commencement of the Participant's nonforfeitable retirement benefit under such Code Section in such calendar year or the immediately following calendar year. Such date shall be a first day of a month and, for any Participant who has not in a calendar year ending prior to the Effective Amendment Date reached an age which required the commencement of the Participant's nonforfeitable retirement benefit in such calendar year or the immediately following calendar year, and subject to any subsequent changes to Code Section 401(a)(9), shall be in accordance with the following parameters:
Required Commencement Date means April 1 of the calendar year following the calendar year in which the Participant (i) attains the age seventy and one-half (70 1/2) or, if later, (ii) separates from Service. Clause (ii) shall not apply in the case of any Participant who was a five percent (5%) or more owner (within the meaning of Code section 416) in the Plan Year in which he attained age seventy and one-half (70 1/2).